Raghuram Rajan considered for top post at the bank of England: FT

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London’s top business daily Financial Times has listed Raghuram Rajan, a former RBI governor as one of the candidates considered for the top job at the Bank of England.

It said that UK Chancellor and Exchequer Philip Hammond are starting the process to select the next Governor of the Bank of England to replace Mark Carney in 2019.

The article said, “Attracting Raghuram Rajan, the highly respected Chicago-based economist, and former RBI governor, would be a coup, as would secure Agustin Carstens, Mexico’s central bank chief and new general manager of the Bank of International Settlements.”

According to the article, Mr. Hammond said he already had begun looking for candidates in forums such as the IMF spring meetings in Washington.

“The formal process has not yet started but I, and many other people I am sure, may have cast their eye around various rooms to see if any likely looking candidates hove into view,” Mr. Hammond said on the sidelines of the meeting.

The article said that Mr. Hammond’s comments showed his willingness to look abroad for Carney’s successor and that he was seeking a figure who can make an impact on the global stage as the UK prepares for Brexit.

Mr. Rajan is now a Professor of Finance at the University of Chicago. He was the RBI governor between 2013 and 2016. He was also the first non-westerner and the youngest Chief Economist and Director of Research at the IMF.

However, there has been no sign as of yet that Raghuram Rajan wants the job.

According to the article, others in the running were: Deputy Governor for Monetary Policy at the BoE, Ben Broadbent; Chief executive of the UK’s Financial Conduct Authority Andrew Bailey; Director of the London School of Economics Minouche Shafik; BoE Chief Economist Andy Haldane and Chief Executive of Britain’s communications regulator Ofcom Sharon White.

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