Rachel Lomax was appointed as Deputy Chair of the British Council in December 2018. She is an economist who served as Deputy Governor of the Bank of England between 2003 and 2008. Previously she was permanent secretary of three government departments (Transport, Work and Pensions and the Welsh Office) and held senior positions at the World Bank, the Cabinet Office and the Treasury.
Since 2008 she has held nonexecutive directorships at several companies, including HSBC Holdings where she was a senior independent director until 2017, as well as non-profit organisations, including the National Theatre and Imperial College. She also held directorship of Resolution Life and has been on the board since 2019.
She was a non executive director of Heathrow Airport and SERCO until 2020, and she is currently a trustee of Bruegel and Ditchley Park. She is also a member of the Panel of Senior Advisers at Chatham House.