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Mr Tucker's appointment is for a term of three years. He succeeds William C Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York, who has been CPSS Chairman since May 2009, and who was recently appointed Chairman of the Committee on the Global Financial System.
Mr Tucker has been Deputy Governor, Financial Stability of the Bank of England, since March 2009. In that capacity, he is a member of the Bank's Monetary Policy Committee, Financial Policy Committee and Court of Directors. Apart from brief periods elsewhere, he has worked at the Bank of England since 1980.
He is also a member of the Financial Stability Board's Steering Committee.