Mervyn Allister King, Baron King of Lothbury was the governor of the Bank of England before Canadian economist Mark Carney.
Mervyn Allister King, Baron King of Lothbury KG, GBE, DL, FBA is a British economist and public servant. He served as the Governor of the Bank of England from 2003 to 2013.
Born March 30, 1948 in Chesham Bois, Buckinghamshire, King attended Wolverhampton Grammar School and studied economics at King’s College, Cambridge, St John’s College, Cambridge, and Harvard University.
He then worked as a researcher on the Cambridge Growth Project, taught at the University of Birmingham, Harvard and MIT, and became a professor of economics at the London School of Economics.
King joined the Bank of England in 1990 as a non-executive director, and became the chief economist in 1991.
In 1998, he became a deputy governor of the bank and a member of the Group of Thirty.
King was appointed as governor of the Bank of England in 2003, succeeding Edward George.
He oversaw the bank during the financial crisis of 2007–2008 and the Great Recession.
King retired from his office as governor in June 2013 and was succeeded by Mark Carney.
Mervyn Allister King was appointed a life peer and entered the House of Lords as a crossbencher in July 2013.
Since September 2014, he has served as a professor of economics and law with a joint appointment at New York University’s Stern School of Business and School of Law.