The Bank of England has appointed Rhys Phillips as its next Chief Cashier and Director of Notes. He will take up the role on 19 October 2026 and will be responsible for the production of secure, high quality banknotes for public use. Phillips joined the Bank in 2012 after starting his career at the Financial Services Authority in 2005. His roles have covered banking supervision, financial stability and financial markets, including serving as head of the Sterling Markets Division from 2018 to 2023 and, most recently, as principal private secretary to the governor. He will succeed Victoria Cleland, who has decided to leave the Bank after 35 years of service, including more than 10 years in the Notes area. Cleland will remain a special adviser to the governors and chair of the Retail Payments Infrastructure Board until she leaves next spring.
Bank of England2026-07-06
Bank of England names Rhys Phillips as next Chief Cashier and Director of Notes
The Bank of England has appointed Rhys Phillips as the next Chief Cashier and Director of Notes, effective 19 October 2026. He will oversee the production of secure banknotes and succeeds Victoria Cleland, who will remain in advisory and board roles until leaving the Bank next spring.