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BP has announced the appointment of Spencer Dale as its new Group Chief Economist, with effect from the end of October.

Dale joins BP from the Bank of England where he is currently Executive Director for Financial Stability Strategy and Risk. He is also a member of the Bank海角吃瓜网檚 Financial Policy Committee.

In his previous capacity as the Bank海角吃瓜网檚 Chief Economist, Dale served for six years on the Monetary Policy Committee. Since joining the Bank in 1989, Dale海角吃瓜网檚 roles included working as private secretary to former Governor Mervyn King and a secondment as a visiting Senior Adviser in the Division of Monetary Affairs at the Board of Governors of the Federal Reserve System in the US.

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Welcoming the appointment, Dev Sanyal, BP海角吃瓜网檚 Executive Vice President Strategy and Regions, said: 海角吃瓜网淲e are delighted to have someone of Spencer海角吃瓜网檚 calibre and experience for this senior, strategic position within BP. Spencer海角吃瓜网檚 deep experience in central banking and his communications and financial markets background will be invaluable as we look to understand the future of energy markets globally.海角吃瓜网�

Dale commented: 海角吃瓜网淚 am delighted that I will be working in a critical sector for the global economy in one of Britain海角吃瓜网檚 leading companies. I look forward to bringing my experience of macroeconomics and the public sector to the world of international energy.海角吃瓜网�

In his capacity as Group Chief Economist, Dale will be responsible for advising BP海角吃瓜网檚 Board and executive team on economic drivers and trends in global energy. He will lead an international team of senior economists whose responsibilities include overseeing the preparation and presentation of the annual BP Statistical Review of World Energy and the BP Energy Outlook.

Adapted from press release by

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