Jayne-anne Gadhia to head Salesforce UK
Former Virgin Money boss Dame Jay ne-Anne G ad hi a will not take up her post on the Bank of England’s financial policy committee (FPC) after being appointed to head up Salesforce in the UK and Ireland.
G ad hi a had been due to become an external member on the Bank’s respected FPC, which monitors the stability of Britain’s financial system, in April next year.
But her move to join US soft ware giant Salesforce as chief executive of its growing UK and Ireland business meant she would not be able to commit the necessary time required to serve on the FPC.
The Treasury has now launched a new search to fill the FPC vacancy, though Martin Taylor will continue in his role on the committee until April 2020.
A BOE spokesman said: “We are of course sorry that JayneAnne Gadhi a won’ tb et aking up her role as an external member on the financial policy committee. We fully understand her decision and wish her well for the future.”
Sales force confirmed Gadhia’s appointment, adding she will start in the post on 1 October.
The US technology group – which offers customer relationship management (CRM) software – said she will lead the UK and Ireland arm through its “next stage of growth” after pledging to invest $2.5 billion (£2.1bn) in the division over the next five years.
G ad hi a led Virgin Money from 2007 until 2018 when it was acquired by Clydesdale Bank owner CYBG. She is also behind the fin techs tar t-up Snoop.