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Rachel Lomax

Former Deputy Governor of the Bank of England

Rachel Lomax is a British economist who served as Deputy Governor of the Bank of England from 2003 until 2008 and was a top civil servant. Before joining the Bank, Rachel was Permanent Secretary of three government departments between 1996 and 2002, including the Department of Work and Pensions and the Welsh Office as well as the Dept. for Transport. She was a Vice President and Chief of Staff to the President of the World Bank in 1995-6 and Head of the Economic and Domestic Secretariat at the Cabinet Office in 1994. In 2008 Rachel was appointed as a non-executive director of HSBC where she is also a member of several audit and risk committees.

"An incredible role model"

Rachel Lomax

In detail

After attending Cheltenham Ladies' College, she graduated from Girton College, Cambridge with an MA, and obtained an MSc in Economics from the London School of Economics. Her earlier career was spent at HM Treasury, which she joined in 1968 and where she worked on a wide range of macro economic, monetary, and financial issues. She was Principal Private Secretary to the Chancellor of the Exchequer in the mid 1980s, and Deputy Chief Economic Adviser in the early 1990s gaining responsibility for financial regulation and city affairs in 1992. She is a non executive director of The Scottish American Investment Company and is on the Board of the Royal National Theatre and of De Montfort University

What she offers you

Rachel Lomax has 40 years financial experience, much of it gained at the heart of the British economy. Rachel's insight into monetary policy provides an incisive and enlightening view of the world we live in today. Her experiences gained throughout her career including her membership of the Monetary Policy Committee, where she had specific responsibility within the Bank for Monetary Policy, including monetary assessment and money market operations offers a unique perspective on economic matters.

How she presents

Rachel Lomax's powerful presentations reflect on her inspirational business journey in the public and monetary world.


She presents in English.

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  • Monetary Policy
  • Risk and Liquidity in Financial Markets
  • Economic Outlook
  • Monetary Assessment
  • Money Market Operations


  • Rachel was excellent Clearly very knowledgeable, she is also without pretensions and is willing to operate flexibly - Global Consumer Packaging Providers


  • In 2007 she received an honorary degree from the University of Glasgow.


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