Malcolm Gill

Last updated August 28, 2019

George Malcolm Gill (born 23 May 1934) was Chief Cashier of the Bank of England for 1988 to 1991. The signature of the Chief Cashier appears on British banknotes. Gill was replaced as Chief Cashier by Graham Kentfield.^[1] He was one of the shortest serving Chief Cashiers and during Gill's tenancy, two different £5 notes were issued with his signature.

The Chief Cashier of the Bank of England is the person responsible for issuing banknotes at the Bank of England and is the director of the divisions which provide the Bank of England's banking infrastructure. This person is known to the general public because since 1870 the Chief Cashier's signature is printed on all bank notes issued by the Bank of England. In 2004 a new post was created, Executive Director of Banking & Chief Cashier, incorporating the title.

Graham Edward Alfred Kentfield was Chief Cashier of the Bank of England for 1991 to 1998. The signature of the Chief Cashier appears on British banknotes. Kentfield was replaced as Chief Cashier by Merlyn Lowther.

Gill joined the Bank of England in 1957 after completing his National Service. From 1966 to 1968 he was part of the UK delegation to the International Monetary Fund in Washington and in 1972 he was secretary to the bank's governor, Lord O'Brien. In 1977, he was seconded to the Treasury and in 1982 he was made head of the Foreign Exchange Division. He joined the Bank for International Settlements in 1991 and retired in 1999.

The International Monetary Fund (IMF), also known as the Fund, is an international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on World Bank for its resources. Formed in 1944 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. As of 2016, the fund had SDR477 billion.

The Bank for International Settlements (BIS) is an international financial institution owned by central banks which "fosters international monetary and financial cooperation and serves as a bank for central banks". The BIS carries out its work through its meetings, programmes and through the Basel Process – hosting international groups pursuing global financial stability and facilitating their interaction. It also provides banking services, but only to central banks and other international organizations. It is based in Basel, Switzerland, with representative offices in Hong Kong and Mexico City.

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References

↑ Chief Cashiers. Bank of England. Retrieved 19 September 2014.

External links

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[1] Chief Cashiers. Bank of England. Retrieved 19 September 2014.