LONDON (Reuters) - Bank of England Deputy Governor Paul Tucker, who lost out on the bank's top job to Canadian Mark Carney, will leave the BoE probably later this year.
Tucker had been expected to stand down ever since Carney was named late last year as the surprise choice to succeed Mervyn King as governor. King is retiring from the BoE at the end of this month.
Tucker is likely to stay on for the first months of Carney's term, which starts on July 1, and the exact date of his departure will be confirmed in due course, the central bank said in a statement.
Tucker's departure gives Carney a chance to reshape the upper echelons of the bank.
"It's clearly earlier than planned and really the question is whether we see other departures coming forward," said Tom Vosa, an economist at National Australia Bank.
"The interesting bit will be whether the replacement is an internal or external candidate which will probably give you some clues as to how Carney expects to position the bank under his governorship."
When British finance minister George Osborne announced Carney's appointment, he said he hoped Tucker would continue to work for the central bank.
"Until he leaves the bank, Paul will also continue to be an active member of the G20's Financial Stability Board (FSB) and of other international committees," the BoE statement said, adding Tucker also planned to spend a period of time in academia in the United States.
(Reporting by William Schomberg and Li-mei Hoang; editing by Olesya Dmitracova)