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
Governor of the Central Bank of Malaysia (4) of the Central Bank of Malaysia Act 2009 stated that the term of office typically runs for 5 years for the Governor and 3 years for the Deputy Governor, both eligible for reappointment. The 9th and current Governor is Nor Shamsiah Mohd Yunus, who took over from Muhammad Ibrahim on 1 July 2018. Governor of the Central Bank of Malaysia The Governor of the Central Bank of Malaysia is the chief executive of Malaysia's central bank and the "ex-officio" chairperson of its Central Board of Directors. Malaysian ringgit currency notes, issued by the Central Bank of Malaysia (BNM), bear