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 Iran Governor of the Central Bank of Iran Governor of the Central Bank of Iran () is the highest administrative authority of the Central Bank of Iran, making decisions concerning all such current affairs of the bank. Presently, the President appoints the governor upon the recommendation of the Minister of Economic Affairs and Finance, who must be verified by the CBI's general assembly. Unlike many countries, the governor of central bank is not mandated to decide on the monetary policy in Iran by himself, but he is head of the body with that responsibility, The Currency and Credit Council, an organ