Egyptian becomes first LSE woman director

Dame Minouche Shafik’s appointment as the LSE’s 16th director will start on Sept. 1, 2017, having quit her post as deputy governor of the Bank of England, after just two years in the role (File Photo: Reuters)

The Egyptian-born Deputy Governor of the Bank of England, Dame Minouche Shafik is to become the first woman director of the London School of Economics (LSE).

Shafik’s appointment as the LSE’s 16th director will start on Sept. 1, 2017, having quit her post as deputy governor of the Bank of England, after just two years in the role.

She is no stranger to LSE, being an alumni with longstanding connections to the school’s research and public engagement program.

Alan Elias, LSE’s acting Chair said: “This is an exciting time for the School. A lot is happening already and now we are delighted to be welcoming an outstanding leader with such an exemplary track record and with a global standing to match LSE’s own international reach and reputation.”

As Deputy Governor of the Bank of England Shafik is a member of the Monetary Policy Committee, the Financial Policy Committee, and the Board of the Prudential Regulation Authority.

She previously served as Deputy Managing Director of the International Monetary Fund, Permanent Secretary of the Department for International Development, and Vice-President of the World Bank.

In other work she taught at the Wharton Business School and Georgetown University and published on a wide array of topics in economics and international development.

Her appointment at LSE comes as work is underway with what has been described as ‘the most significant redevelopment of its campus in its 121 year history’.

Shafik said, “I am thrilled to be given the opportunity to lead the LSE. The School’s long tradition of bringing the best of social science research and teaching to bear on the problems of the day is needed now more than ever. LSE is a unique institution that combines intellectual excellence and global reach. I am looking forward to working with both staff and students to guide it through what will be a time of challenge and opportunity in the higher education sector.”
 

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Last Update: Wednesday, 20 May 2020 KSA 14:12 - GMT 11:12
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