Charlotte Mary Hogg is a British management consultant and senior executive in financial services and central banking. In October 2017 she was appointed as CEO of Visa’s European operations. She was the chief operating officer of the Bank of England between 2013 and 2017, and additionally served briefly as Deputy Governor at the Bank of England from 1 March 2017 to 14 March 2017, before resigning from both positions because she had failed to declare that her brother was employed in the banking industry. She previously worked for McKinsey & Company, Morgan Stanley and Discover Financial Services in the United States, and Experian and Santander UK in the UK.
Hogg began her career at the Bank of England as a graduate trainee from 1992 to 1994. From 1994 to 2001, she worked for McKinsey & Company in Washington, D.C., United States. She then moved to Morgan Stanley where she was managing director for Strategy and Planning between 2001 and 2007. From 2007 to 2008, she worked for the Morgan Stanley spin-off, Discover Financial Services. In 2008, she returned to the United Kingdom to join Experian and was appointed a managing director with responsibility for the UK and Ireland operations. She moved to Santander UK in September 2011 as head of high street operations. In 2012, she earned £2.5 million.
Bank of England
In June 2013, she was selected as the Bank of England's first chief operating officer by new GovernorMark Carney. She took up the appointment on 1 July 2013. This made her the most senior female employee in the bank's history, and effectively the deputy to the Governor of the Bank of England. In that role, she was responsible for the day-to-day management of the bank, including human resources, finance, property, IT, and security, as part of Carney's efforts to streamline the institution. However, she had no policy making decisions as that falls to the Governor and Deputy Governor. As COO, she had the same status and received the same remuneration as a Deputy Governor. On 9 January 2017, it was announced that she had been appointed Deputy Governor in succession to Minouche Shafik, while retaining her title as COO, making her a potential successor to Carney who planned to leave the Bank of England in 2019 after six years of his maximum possible statutory eight-year term. She took up the position on 1 March 2017.
Resignation
In March 2017, Hogg apologised for having previously breached the Bank of England's code of conduct and personal relationships policy. She had failed to declare a potential conflict of interest in that her brother worked in the strategy office of Barclays, subject to Bank of England regulation. Hogg gave incorrect oral evidence to the Treasury Select Committee,. She issued a letter of apology to the Committee. Hogg resigned from her posts at the Bank of England on 14 March after the Select Committee criticised her failure to disclose the conflict, to recognise the seriousness of this and to realise the potential for conflict of interest in her new role. The Committee said her conduct "fell short of the very high standards" required and that the committee had "set aside" its previous approval of her appointment. The Bank of England will be conducting a search for two candidates to replace Hogg's vacated positions, one for the COO and the other for Deputy Governor.
Later career
Following her departure from the Bank of England, Hogg was appointed Chief Executive Officer of Visa’s European operations in October 2017.
Personal life
In 1999, Hogg married Steven Sacks the couple have two children.
