Wadhwani has been a former member of the Bank of England’s independent Monetary Policy Committee (MPC).
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Sushil Wadhwani, an Indian-origin investment expert is among four financial specialists appointed to a new Economic Advisory Council by UK Chancellor Jeremy Hunt to meet regularly and act as a consultative forum to offer independent advice to the government, reported PTI.
Wadhwani, who heads PGIM Wadhwani asset management firm as Chief Investment Officer and has over 30 years of investment experience, has been a former member of the Bank of England’s independent Monetary Policy Committee (MPC). He joins Gertjan Vlieghe of Element Capital, who has also been a member of the MPC, Rupert Harrison of BlackRock and Karen Ward of JP Morgan asset management, who have experience of working with the past UK finance ministers.
Jeremy Hunt said the group would provide “more independent expert advice” to ministers. “I look forward to working with such an esteemed group of economic experts, whose advice will be invaluable,” said Hunt.
The UK Treasury said all members of the new council will be attending in an independent capacity and have been chosen for their “personal knowledge and expertise”, as relevant to advising the government on the UK economy.
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