Bank of England Deputy Governor Paul Tucker on Friday announced his plan to leave the bank.
The exact date of departure will be confirmed later, but it is likely to be in the autumn after Paul has provided support to the new Governor, Mark Carney, the BoE said in a statement.
Tucker, who lost out on the governor job to Carney, plans to spend a period of time in academia in the United States.
Tucker said, "I have been able to make a contribution to monetary and financial stability." "I am looking forward to supporting Mark Carney as he arrives at the Bank," he added.
Tucker was appointed as Deputy Governor for Financial Stability in 2009, for a five-year term ending February 2014. He has served the bank for 33 years.
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