Profile: New BoE Governor Mark Carney
Updated: 11:24am UK, Thursday 07 February 2013
Mark Carney was an outsider for the job, not least because he had all but ruled himself out of the running but remained a strong outsider.
Mr Carney has been head of the Canadian central bank since 2008, he was also chairman of the G20's Financial Stability Board.
The North Atlantic has allowed him suitable space from the scandals that have touched almost every senior financier in the UK, but skill as well as geography, made him the only candidate with clean hands.
But although not a British citizen he is no alien to these shores.
Carney's wife is British, he studied at Oxford University in the 1990s and he spent some time working in London when at Goldman Sachs.
He moved through the ranks of the investment bank before doing the same at Canada's central bank.
When appointed he was, at the age of 42, the youngest central bank governor in any G8 or G20 nation.
His time with Goldman Sachs armed him with first-hand experience of financial markets; an asset that Sir Mervyn King's critics would say he lacked and one that the Chancellor of the Exchequer looked for in any suitable candidates.
Canada might not be a recognised centre of global finance but nonetheless Mr Carney was widely credited with keeping the country relatively trouble-free during the financial crises that have beset larger and better known economies over the past decade.
The achievement earned him recognition by Time magazine in 2010 as one of the world's most influential people.
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