Charlotte Hogg
Charlotte Hogg | |
|---|---|
| Born | August 26, 1970 London, England |
| Occupation(s) | Executive, management consultant |
| Years active | 1992–present |
| Known for | CEO of Alter Domus; former COO and Deputy Governor at Bank of England; CEO of Visa Europe |
Charlotte Mary Hogg (born 26 August 1970) is a British executive and management consultant specializing in financial services and central banking sectors. In July 2025, she assumed the position of CEO at Alter Domus, a prominent firm providing financial services for alternative investments. Earlier, in October 2017, she was named CEO of Visa's European division. Between 2013 and 2017, Hogg held the role of chief operating officer at the Bank of England, and briefly served as Deputy Governor (Markets and Banking) in March 2017 before stepping down due to nondisclosure of her brother’s employment within the banking industry.
Her professional background includes tenures at McKinsey & Company, Morgan Stanley, Discover Financial Services in the United States, as well as Experian and Santander UK in the United Kingdom.
Early life
Born in London on 26 August 1970, Hogg hails from a family with deep roots in politics and finance. Her father, the 3rd Viscount Hailsham, is a former Member of Parliament and hereditary peer, while her mother holds the title of Baroness Hogg as a life peer. Both her paternal and maternal grandfathers served as Cabinet ministers—among them Quintin Hogg, who was Lord Chancellor, and John Boyd-Carpenter, who held the position of Chief Secretary to the Treasury.
She was raised at the family estate, Kettlethorpe Hall in Lincolnshire, and attended St Mary's School, Ascot, a private Catholic institution also attended by her mother. Hogg earned a BA degree in economics and history from Hertford College, Oxford. From 1991 to 1992, she continued her education as a Kennedy Scholar at Harvard University.
Career
Hogg launched her career at the Bank of England as a graduate trainee from 1992 until 1994. She then joined McKinsey & Company in Washington, D.C., where she worked from 1994 to 2001. Afterward, she became managing director for Strategy and Planning at Morgan Stanley between 2001 and 2007. Following this role, she worked at Discover Financial Services, a Morgan Stanley spin-off, until 2008.
Returning to the UK in 2008, Hogg took on the role of managing director for Experian’s UK and Ireland operations. In September 2011, she moved to Santander UK as head of high street operations and received £2.5 million in remuneration for 2012.
Bank of England
In June 2013, Governor Mark Carney appointed Hogg as the Bank of England's inaugural chief operating officer (COO), with her tenure commencing on 1 July 2013. As COO, she became the most senior female executive within the bank and functioned effectively as the Governor’s deputy. Her responsibilities included overseeing daily operational areas such as human resources, finance, property management, IT services, and security. Although she did not hold policymaking powers, her position was equivalent in rank and salary to that of a Deputy Governor.
On 9 January 2017, Hogg was elevated to Deputy Governor (markets and banking), succeeding Minouche Shafik, while maintaining her COO duties. This appointment positioned her as a potential successor to Carney ahead of his planned departure in 2019. She officially took up this post on 1 March 2017.
Resignation
In March 2017, Hogg publicly apologised after violating the Bank of England’s code of conduct by neglecting to disclose a conflict of interest: her brother was employed in Barclays’ strategy division—a bank regulated by the institution. Additionally, she admitted to providing inaccurate oral testimony before the Treasury Select Committee and submitted a formal letter expressing regret.
Following criticism from the Committee regarding her failure to reveal this conflict and underestimating its significance, Hogg resigned from both her COO and Deputy Governor roles on 14 March. The Committee declared that her behaviour "did not meet the very high standards" expected and withdrew its previous endorsement of her appointment. Subsequently, the Bank initiated searches to fill both vacancies left by her departure.
Subsequent career
Following her departure from the Bank of England, Hogg took on the role of Chief Executive Officer for Visa’s European division in October 2017. Additionally, she serves on the Build Back Better Council, which was formed in January 2021 to aid economic recovery and stimulate growth in response to the COVID-19 pandemic.
Personal life
Hogg wed Steven Sacks in 1999, and together they have two children.