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July 26, 2013 -- The Harvard Kennedy School (HKS), the Harvard Business School (HBS) and the Bank of England have announced that Paul Tucker, currently deputy governor for Financial Stability and member of the Monetary Policy Committee at the Bank of England, has been appointed a senior fellow at both the Mossavar-Rahmani Center for Business and Government (M-RCBG) at HKS in Cambridge and HBS in Boston, where he will serve as a member of HBS' Finance Unit.
As a senior fellow, Mr. Tucker will work with faculty and students, both inside and outside the classroom, to help advance research and teaching about the global economy, financial institutions and the global financial system, and contribute to the intellectual life of both the Harvard Kennedy School and Harvard Business School.
The appointment is for the academic year 2013-14 and will take effect in October. Mr. Tucker's last day at the Bank will be Friday, October 18.
Mr. Tucker was appointed as deputy governor, Financial Stability, in March 2009. He has been a member of the Bank of England's Monetary Policy Committee since 2002. He is also a member of the Bank's Financial Policy Committee, Prudential Regulation Authority Board and Court of Directors. Mr. Tucker is a member of the G20 Financial Stability Board Steering Committee and chairs the FSB's group on resolving large and complex banks.
“This is a wonderful opportunity for me,” Mr. Tucker said of the appointment. “I am greatly looking forward to being at Harvard and having the chance to engage more deeply with the academic community.”
Mark Carney, the Governor of the Bank of England, said, “I am very grateful to Paul for the extremely valuable support he has already provided, and will continue to provide, in the first few months of my term as governor. We have much work to do together before he departs. Beyond that time, I look forward to maintaining our close dialogue on a wide range of economic and financial issues.”
Lawrence Summers, the Charles W. Eliot University Professor at Harvard and co-director of M-RCBG, expressed his enthusiasm for Mr. Tucker’s decision to serve as a joint fellow. “Today’s public problems and opportunities increasingly require collaboration between public and private institutions – between business and government,” said Summers. “Paul Tucker brings a unique perspective on how these different institutions can work together more effectively. His experience as a senior leader of the Bank of England has given him invaluable insights into how to bridge the perspectives of multiple sectors, enabling the collaboration necessary to solve some of the most intractable public problems. We are thrilled he will be joining us as a Senior Fellow to share his ideas and insights with our faculty, scholars and students.”
HBS Dean Nitin Nohria said, “My colleagues and I are very happy to welcome Paul Tucker to Harvard Business School. Paul brings an extraordinary amount of experience at the highest levels of central banking, and this joint appointment enables him to share that experience with all of us who are committed to advancing research and teaching at the intersection of business and government. In addition, given Paul’s long and distinguished career in economic policy making, he will help our students and faculty better understand what is needed to improve the health of the global financial system and with it, the global economy. We look forward to working with him during the coming academic year.”
Visit http://www.hks.harvard.edu/centers/mrcbg/about/fellows/srfellows to learn more about the M-RCBG senior fellows program, and http://www.hbs.edu/faculty/units/finance/Pages/default.aspx to learn more about the HBS Finance Unit.