Rachel Lomax

Janis Rachel Lomax (born 15 July 1945) is a British economist, banker, and former government official who served as Deputy Governor of the Bank of England, sitting on the Monetary Policy Committee from 1 July 2003 to 30 June 2008.

Early life Lomax was born in Swansea, Wales. She was educated at the independent Rossall Preparatory School and Cheltenham Ladies' College, and graduated from Girton College, Cambridge with an MA in 1966, before obtaining an MSc in economics from the London School of Economics in 1968.

Career After graduating from LSE in 1968, she joined HM Treasury, where she worked on a range of macroeconomic, monetary, and financial issues. She was in succession Principal Private Secretary to the Chancellor of the Exchequer Nigel Lawson in 1985–86, then a deputy secretary at the Treasury, and then Deputy Chief Economic Adviser in 1990–94. In 1994–95, she was head of the Economic and Domestic Secretariat at the Cabinet Office. She left "just before the collapse of Lehman Brothers in 2008" reportedly to "pursue other interests". where she is also a member of the audit and risk committees. In December 2010 she joined BAA (now Heathrow Airport Holdings) as a non-executive director, and she is also a non-executive director of Serco, and a trustee of Imperial College London, and has served as President of the Institute of Fiscal Studies.

Personal life

Lomax is on the Board of the Royal National Theatre and of De Montfort University in Leicester. In June 2007 she received an honorary degree from the University of Glasgow.

She married Michael Acworth Lomax in 1967; they divorced in 1990. The couple has two sons and now have 4 granddaughters.

Offices held