Former Bank of England governor Mark Carney to head Bloomberg board of directors

Mark Carney has previously worked with the company on climate finance initiatives and risks to financial institutions. Credit: REUTERS/James Lawler Duggan

Mark Carney has been hired by billionaire former New York Mayor Michael Bloomberg to chair the board of his financial data and media empire.

The former Governor of the Bank of England will chair a new board of directors tasked with «A fresh look at where we are and where we should be,» Mr Bloomberg said in a memo sent to staff on Monday.

The 58-year-old Canadian joined us as part of the reshuffle that saw Bloomberg step down as CEO.

Despite the changes, Bloomberg, 81, insisted he was «not going anywhere.» » and will continue to work with co-founder Tom Secunda on «priorities» for the company.

«I've never used a title in the company, so I won't change what I'll call — just 'Mike,'» he said.

Mr. Carney is expected to serve as Chairman of the Board Bloomberg, in addition to his current responsibilities as Chairman of Brookfield Asset Management and Co-Chair of the Glasgow Financial Alliance for Net Zero (GFANZ), a global group of financial institutions committed to net zero.

GFANZ is already based in Bloomberg's offices in London and New York.

Mark Carney is also currently the UN Special Envoy for Climate Change and Finance and has advised former Prime Minister Boris Johnson on UK presidency of the Cop26 climate change conference in Glasgow.

Despite a reshuffle at the top of his empire, Michael Bloomberg says he's «not going anywhere.» Photo: Brian van der Beek/Bloomberg

Mr. Bloomberg said Mr. Carney would be joined by «the best and brightest», praising Mr. Carney's work with the company on «climate finance initiatives» and the risk to financial institutions.

Vlad Klyachko, chief product officer at Bloomberg, became CEO. A 20-year veteran of the company, Mr. Klyachko, according to his LinkedIn profile, studied mathematics and computer science at St. Petersburg University.

J. P. Zammitt, currently COO, will also become president of Bloomberg as part of the reshuffle.

Mr Bloomberg said in a memo seen by The Telegraph: «Doing the same things with the same people in the same way doesn't work forever.»

A billionaire worth more than than $90 billion, founded his namesake company in New York in 1981 by providing financial data.

He became best known for his computer «terminal», which provides a wide range of financial market data from interest rates to bond prices, as well as news for investors.

The company's income is about $12bn (£9.5bn) a year, mostly from terminals that cost $24,000 a year.

Mr Bloomberg, who is the main owner of the business, left the company in the past, when he served as mayor of New York from 2002 to 2013.

In 2020, he failed in the US presidential election, subsequently supporting Joe Biden.

Bloomberg refused from comments.< /p>