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
Mervyn King, Baron King of Lothbury has served as a professor of economics and law with a joint appointment at New York University's Stern School of Business and School of Law. Mervyn King is a son of Eric King, a railway porter who retrained as a geography teacher after the war, and Kathleen (née Passingham). He was born in Chesham Bois, Buckinghamshire, and studied at Warstones Junior School Wolverhampton and then on to Wolverhampton Grammar School, King's College, Cambridge (gaining a first-class degree in economics in 1969; MA), St John's College, Cambridge, and Harvard (as a Kennedy Scholar). Whilst at Cambridge, King was treasurer of the