Former journalist Sebastian Walsh is to become the newly appointed “Head of Leeds” for the UK central bank, the Bank of England.

The appointment follows the bank’s recent commitment of at least 500 of its staff to be based in Leeds by 2027.

“In this role, he will help deliver the Bank’s ambitious plans for a more significant presence in the city, by being responsible for the Bank’s growing operation in Leeds,” said the Bank of England.

“Alongside our regional Agency network, Sebastian will support engagement with our stakeholders across the north of England …

“Sebastian currently holds the position of Secretary of the Bank and will continue in that role, reporting to the governor of the Bank, as currently.

“He will take up the additional Head of Leeds responsibilities later this year following his relocation.”

UK central bank governor Andrew Bailey said: “I’m delighted that Sebastian Walsh will be taking on the Head of Leeds role, which will help deliver our ambitious plans for the Bank of England site in Leeds.

“Sebastian brings considerable experience to the role, and is ideally placed to act as an ambassador for this important work and help ensure we serve and represent people across the UK.”

Walsh said: “I am thrilled to be taking on this role. The Bank of England serves all the people of the United Kingdom, and our growing presence outside of London reflects that commitment.

“I am looking forward to working closely with our stakeholders in Leeds and across the north of England to ensure our Leeds office plays its part in delivering the Bank’s mission to maintain monetary and financial stability.”