Mervyn King given £10k portrait as retirement gift

clock

Sir Mervyn King was handed roughly £13,000 of leaving presents, including a £10,000 portrait of himself when he left the Bank of England in June.

The former governor (pictured) was also presented with a £597 silver napkin ring and a £2,505 bust of the German thinker Johann von Goethe. The gift list was obtained under the Freedom of Information Act by MSN UK. The Bank of England said: “As with previous retiring governors, the bank commissioned a portrait of governor King, and presented him with a copy. This cost £10,000. “In addition, the governor received a replica bust of Johann von Goethe. This cost £2,505. “These costs were met by the Bank, with the approval of the court of directors.” A £4,672 evening reception and...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers have opportunity to deepen private market engagement

Advisers have opportunity to deepen private market engagement

Most client allocations to private markets are either 5%-10% or 1%-5%

Isabel Baxter
clock 18 November 2024 • 2 min read
Royal London cuts number of governed range portfolios

Royal London cuts number of governed range portfolios

Renaming remaining portfolios to reflect level of investment risk

Jenna Brown
clock 18 November 2024 • 1 min read
AJ Bell cuts fees across multi-asset income range

AJ Bell cuts fees across multi-asset income range

£1.5bn of inflows this year

Beth Brearley
clock 14 November 2024 • 1 min read