Victoria Cleland

Victoria Mary Florence Cleland (born 26 February 1970)[1] is the Director for Banknotes and Chief Cashier of the Bank of England, a position she has held since March 2014. She is the second woman to hold the post of Chief Cashier. She replaced Chris Salmon when he was appointed as Executive Director for Markets at the Bank of England.

Education

Cleland studied philosophy, politics and economics at the University of Oxford and was sponsored by the Bank for an MBA at Imperial College, London.[2]

Career

Cleland has worked for the Bank for about 20 years having first tried accountancy as a career. Her first role at the Bank was in a department dealing with the financing of small businesses, followed by work in the wholesale market supervision division after which she moved to deal with graduate recruitment.[2]

Cleland worked for three years on financial stability after which she set up the "special resolutions" section which dealt with banks at risk of failure following the recent financial crisis. She was closely involved with the Northern Rock nationalisation.[2]

Cleland was Head of Notes from March 2010[3] and has been Director for Banknotes and Chief Cashier since March 2014. In her current role, Cleland is primarily responsible for ensuring that banks have the right amount and type of notes available at all times. She is also responsible for preventing forgery and the controversial matter of the design of new notes.[2] In 2013, Cleland received on behalf of the Bank of England a petition organised by Caroline Criado-Perez to keep a woman on the reverse of Bank of England banknotes. To date, other than the portrait of H.M. The Queen on the obverse of all Bank of England notes only two historical women have appeared on the reverse, Elizabeth Fry on the current £5 and Florence Nightingale on the £10 issued back in 1975.[4]

As Chief Cashier, Cleland's name and signature appears on all Bank of England banknotes except the £5 note which will not bear her signature until the new polymer issue is released later in 2016.[5] The Bank will continue to issue £5 notes with the signature of the previous Chief Cashier, Chris Salmon until the polymer note is issued into circulation.[6]

Outside banking

Cleland has been a trustee of the Royal London Society for Blind People since 2012.[7]

References

  1. ↑ CLELAND, Victoria Mary Florence, Who's Who 2015, A & C Black, 2015; online edn, Oxford University Press, 2014
  2. 1 2 3 4 A working life: the head of notes. Jill Insley, theguardian, 13 April 2012. Retrieved 18 September 2014.
  3. ↑ Interview with Victoria Cleland, The Bank of England’s Head of Notes Division. Michael Alexander, Coin Update, 10 October 2013. Retrieved 18 September 2014.
  4. ↑ Keep a Woman on English Banknotes. Caroline Criado-Perez. Retrieved 18 September 2014.
  5. ↑ News Release Cleland Signature Notes Issue, Bank of England 24 February 2015
  6. ↑ Bank of England announces major reorganisation. BBC News, 18 March 2014. Retrieved 18 September 2014.
  7. ↑ Who's Who. RLSBP. Retrieved 18 September 2014.

External links

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