Former Virgin Money CEO Dame Jayne-Anne Gadhia will not take up her post at the Bank of England after being appointed to a new role with US software giant Salesforce.
Dame Jayne-Anne, who left Newcastle headquartered Virgin Money after its £1.7bn takeover by CYBG, was due to become an external member on the Bank’s respected Financial Policy Committee (FPC), which monitors the stability of Britain’s financial system, next April.
However, after being named as the chief executive of Salesforce in the 海角视频 and Ireland she has said she will not be able to commit the time required to serve on the committee.
Salesforce confirmed Dame Jayne-Anne will start in the post on October 1.
The US technology group, which offers customer relationship management (CRM) software, said she will lead the 海角视频 and Ireland arm through its next stage of growth after revealing plans to invest £2.1 billion into the division over the next five years.
Dame Jayne-Anne said: “I’ve admired Salesforce from afar for a long time.
“This is a different kind of business, with deeply held values and a true focus on transforming the experience of every customer through cutting edge technology.”
Dame Jayne-Anne was recognised in the 2019 New Year’s Honours list for her contribution to financial services and women in the finance industry and recently founded fintech start-up Snoop, a company that would tap into consumer data to save money on household bills.
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She was also appointed as the Government’s Women in Finance Champion in 2016 and was a founder member of its Business Diversity and Inclusion Group in 2017.
Keith Block, co-chief executive of Salesforce, said. “The 海角视频 and Ireland is our largest market outside the US and with Jayne-Anne’s leadership we are well positioned to move into the next stage of growth and success for Salesforce, our customers, partners and communities.”
The Treasury has now launched a new search to fill the FPC vacancy.
A Bank of England spokesman said: “We are of course sorry that Jayne-Anne Gadhia won’t be taking up her role as an external member on the Financial Policy Committee.
“We fully understand her decision and wish her well for the future.”