Mervyn King, Baron King of Lothbury in 1990 as a non-executive director, and became the chief economist in 1991. In 1998, he became a deputy governor of the bank and a member of the Group of Thirty. King was appointed as Governor of the Bank of England in 2003, succeeding Edward George. Most notably, he oversaw the bank during the financial crisis of 2007–2008 and the Great Recession. King retired from his office as governor in June 2013, and was succeeded by Mark Carney. He was appointed a life peer and entered the House of Lords as a crossbencher in July 2013. Since September 2014 he
Humphry Morice (Governor of the Bank of England) extent of his defalcations was revealed: he had not only swindled the Bank, but abstracted money from a trust fund left for his daughters by their maternal uncle, and still left debts of nearly £150,000. The Bank took action against his widow to attempt to recover its losses, ultimately settling for £12,000 after forty-three years of litigation. Humphry Morice (Governor of the Bank of England) Humphry Morice (c.1671 – 16 November 1731) was a British merchant, MP and Governor of the Bank of England. He inherited his father's trading business around the age of eighteen, and learned finance and speculation