Former BoE deputy governor Charlotte Hogg to become CEO of Visa Europe

Charlotte Hogg, the former deputy governor of the Bank of England who resigned just a month after taking the role as a result of her failing to disclose her brother's position as head of strategy at Barclays for nearly four years, was appointed chief executive of Visa Europe on Thursday.

Hogg, who was seen by some as a potential successor to BoE governor Mark Carney, joined Visa at a time of significant growth for the industry as people move towards digital and card payments.

Visa's US parent acquired Visa Europe in 2016 for $23bn, forming a single company to boost scale, helping it compete against rival Mastercard, and creating a significant windfall for many banks that owned Visa Europe in the process, including Barclays.

Gary Hoffman, chairman of the board of Visa Europe, said: "Visa is entering a very exciting chapter in its history, in which the company has a significant opportunity to harness new payment innovations, offer differentiated payments services and forge new partnerships."

Ms Hogg will start on 1 October, when she will also take on the role of Visa's executive vice president.

As of 1035 BST, Visa shares were up 1.37% to $104.56.