International Economist Takes on Major New Role at Bank of England

Nemat Shafik
Friday, March 21, 2014

Former deputy managing director of the International Monetary Fund, Nemat Shafik '83 (economics) has built a reputation as a thoughtful, effective policy maker in a stellar international career that has taken her from her native Egypt through the World Bank and a UK ministry to one of the most senior roles in the IMF. Known to friends and colleagues as “Minouche,” Shafik will now oversee banking and markets in a newly created role at the Bank of England, making her the first woman in such a senior role there since deputy governor Rachel Lomax left six years ago.