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</div> </div> </div> </div> </nav> </div> </header> <div class=""> <div class="gem-c-layout-for-public__blue-bar govuk-width-container"></div> </div> <div id="wrapper" class="direction-ltr govuk-width-container"> <div class="gem-c-contextual-breadcrumbs"> <div class="govuk-!-display-none-print"> <nav data-module="ga4-link-tracker" aria-label="Breadcrumb" class="gem-c-breadcrumbs govuk-breadcrumbs govuk-breadcrumbs--collapse-on-mobile"> <ol class="govuk-breadcrumbs__list"> <li class="govuk-breadcrumbs__list-item"> <a data-ga4-link='{"event_name":"navigation","type":"breadcrumb","index_link":"1","index_total":"2"}' class="govuk-breadcrumbs__link" href="/">Home</a> </li> <li class="govuk-breadcrumbs__list-item"> <a data-ga4-link='{"event_name":"navigation","type":"breadcrumb","index_link":"2","index_total":"2"}' class="govuk-breadcrumbs__link" href="/government/all">Government</a> </li> </ol> </nav> </div> </div> <main role="main" id="content" class="news-article" lang="en"> <span id="Top"></span> <div class="govuk-grid-row"> <div class="govuk-grid-column-two-thirds"> <div class="gem-c-title govuk-!-margin-top-8 govuk-!-margin-bottom-8"> <span class="govuk-caption-xl gem-c-title__context"> News story </span> <h1 class="gem-c-title__text govuk-heading-l"> Chief Executive Officer of the DMO to retire next year </h1> </div> </div> <div class="govuk-grid-column-two-thirds"> <p class="gem-c-lead-paragraph">Sir Robert Stheeman, CEO of the Debt Management Office, is retiring after over 20 years of public service.</p> </div> </div> <div class="govuk-grid-row"> <div class="metadata-logo-wrapper"> <div class="govuk-grid-column-two-thirds metadata-column"> <div class="gem-c-metadata" data-module="gem-toggle metadata"> <dl class="gem-c-metadata__list"> <dt class="gem-c-metadata__term">From:</dt> <dd class="gem-c-metadata__definition"> <a class="govuk-link" href="/government/organisations/hm-treasury">HM Treasury</a> and <a class="govuk-link" href="/government/organisations/uk-debt-management-office">UK Debt Management Office</a> </dd> <dt class="gem-c-metadata__term">Published</dt> <dd class="gem-c-metadata__definition">28 September 2023</dd> </dl> </div> </div> <div class="govuk-grid-column-one-third"> </div> </div> </div> <section class="govuk-notification-banner gem-c-notice govuk-!-margin-bottom-8" aria-label="Notice" role="region"> <div class="govuk-notification-banner__content"> <span class="gem-c-notice__title govuk-notification-banner__heading">This was published under the <span lang="en" dir="ltr">2022 to 2024 Sunak Conservative government</span></span> </div></section> <div class="govuk-grid-row"> <div class="govuk-grid-column-two-thirds "> <div class="content-bottom-margin"> <div class="responsive-bottom-margin"> <figure class="app-c-figure" lang="en"> <img class="app-c-figure__image" src="https://assets.publishing.service.gov.uk/media/5a37db09e5274a79051c9235/s300_HMT_buiding_plaque.jpg" alt=""> </figure> <div data-module="govspeak" class="gem-c-govspeak govuk-govspeak gem-c-govspeak--direction-ltr govuk-!-margin-bottom-0"> <div class="govspeak"> <ul> <li>The Debt Management Office (<abbr title="Debt Management Office">DMO</abbr>) is an executive agency of HM Treasury. It is responsible for debt and cash management for the UK Government.</li> <li>Sir Robert Stheeman, CEO of the <abbr title="Debt Management Office">DMO</abbr>, is retiring after over 20 years of public service.</li> <li>The recruitment process for his replacement will start shortly, and his successor will be in post in early 2024.</li> </ul> <p>The Chancellor of the Exchequer has congratulated Sir Robert Stheeman for over 20 years of exceptional public service as he announces he is retiring as CEO of the UK’s Debt Management Office.</p> <p>Sir Robert will retire at the end of June 2024, after a period of handover with his successor. The recruitment process for his replacement will start shortly, with an appointment made in early 2024.</p> <p>The Chancellor of the Exchequer Jeremy Hunt said:</p> <p>“I would like to thank Sir Robert for over 20 years of public service. During his time at the <abbr title="Debt Management Office">DMO</abbr>, he has overseen the continued smooth delivery of the government’s borrowing programme. His contribution has been enormous, and he leaves the <abbr title="Debt Management Office">DMO</abbr> in a strong position.”</p> <p>Sir Robert Stheeman said:</p> <p>“It has been the greatest privilege of my working life to have spent more than 20 years at the <abbr title="Debt Management Office">DMO</abbr>, during a period of immense change in the UK and fixed income markets globally. In order to help ensure a smooth handover, I am announcing my decision now to retire next summer, and I look forward to supporting my colleagues in the <abbr title="Debt Management Office">DMO</abbr> and the Treasury in the intervening period.”</p> <p>Permanent Secretary to the Treasury James Bowler said:</p> <p>“I would like to congratulate Sir Robert for his excellent work as CEO of the <abbr title="Debt Management Office">DMO</abbr>. The leadership he displayed at the <abbr title="Debt Management Office">DMO</abbr> during turbulent periods such as the Global Financial Crisis and the COVID-19 pandemic is testament to his diligence, calmness in the face of extremely challenging circumstances, and deep expertise. He leaves a strong position for his successor to take over, and I thank him for his exceptional public service over the last two decades.”</p> <p>Sir Robert Stheeman’s career:</p> <p>Sir Robert Stheeman has held his position as CEO of the <abbr title="Debt Management Office">DMO</abbr> since 2003. Prior to joining the <abbr title="Debt Management Office">DMO</abbr>, he spent 16 years at Deutsche Bank as director of its Debt Capital Markets Group, leading on forging relationships with sovereign issuers and official institutions.</p> <p>During Sir Robert’s 20 years of stewardship, the <abbr title="Debt Management Office">DMO</abbr> has smoothly raised over £3 trillion of borrowing, a period during which it became recognised as world-leading in the execution of its debt and cash management operations.</p> <p>He was knighted in the 2016 New Year Honours for his services to UK Government debt management.</p> </div> </div> </div> <div class="govuk-!-display-none-print responsive-bottom-margin"> <div class="gem-c-share-links govuk-!-display-none-print" data-module="ga4-link-tracker"> <h2 class="govuk-heading-s">Share this page</h2> <p class="govuk-body-s"> The following links open in a new tab </p> <ul class="gem-c-share-links__list"> <li class="gem-c-share-links__list-item"> <a 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src="/assets/static/application-8b506a2d97561cfc27d896eb0ff908d7687d034da7eaee59dd291c6c00bf5595.js" type="module"></script> <script src="/assets/government-frontend/application-01a60bd9634d5b54b3f79c12cb1b2d95f8b00bbd24b9b2cf897066f58f75f432.js" type="module"></script><script type="application/ld+json"> { "@context": "http://schema.org", "@type": "NewsArticle", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.gov.uk/government/news/chief-executive-officer-of-the-dmo-to-retire-next-year" }, "name": "Chief Executive Officer of the DMO to retire next year", "datePublished": "2023-09-28T14:00:00+01:00", "dateModified": "2023-09-28T14:00:00+01:00", "text": "Sir Robert Stheeman, CEO of the Debt Management Office, is retiring after over 20 years of public service.", "publisher": { "@type": "Organization", "name": "GOV.UK", "url": "https://www.gov.uk", "logo": { "@type": "ImageObject", "url": "https://www.gov.uk/assets/government-frontend/govuk_publishing_components/govuk-logo-b15a4d254746d1642b8187217576d1e8fe50b51352d352fda13eee55d3c1c80a.png" } }, "image": [ "https://assets.publishing.service.gov.uk/media/5a37db09e5274a7908e352b4/s960_HMT_buiding_plaque.jpg" ], "author": { "@type": "Organization", "name": "HM Treasury", "url": "https://www.gov.uk/government/organisations/hm-treasury" }, "about": [ { "@context": "http://schema.org", "@type": "Thing", "sameAs": "https://www.gov.uk/government/all" } ], "headLine": "Chief Executive Officer of the DMO to retire next year", "description": "Sir Robert Stheeman, CEO of the Debt Management Office, is retiring after over 20 years of public service.", "articleBody": "\u003cdiv class=\"govspeak\"\u003e\u003cul\u003e\n \u003cli\u003eThe Debt Management Office (\u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e) is an executive agency of HM Treasury. It is responsible for debt and cash management for the UK Government.\u003c/li\u003e\n \u003cli\u003eSir Robert Stheeman, CEO of the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e, is retiring after over 20 years of public service.\u003c/li\u003e\n \u003cli\u003eThe recruitment process for his replacement will start shortly, and his successor will be in post in early 2024.\u003c/li\u003e\n\u003c/ul\u003e\n\n\u003cp\u003eThe Chancellor of the Exchequer has congratulated Sir Robert Stheeman for over 20 years of exceptional public service as he announces he is retiring as CEO of the UK’s Debt Management Office.\u003c/p\u003e\n\n\u003cp\u003eSir Robert will retire at the end of June 2024, after a period of handover with his successor. The recruitment process for his replacement will start shortly, with an appointment made in early 2024.\u003c/p\u003e\n\n\u003cp\u003eThe Chancellor of the Exchequer Jeremy Hunt said:\u003c/p\u003e\n\n\u003cp\u003e“I would like to thank Sir Robert for over 20 years of public service. During his time at the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e, he has overseen the continued smooth delivery of the government’s borrowing programme. His contribution has been enormous, and he leaves the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e in a strong position.”\u003c/p\u003e\n\n\u003cp\u003eSir Robert Stheeman said:\u003c/p\u003e\n\n\u003cp\u003e“It has been the greatest privilege of my working life to have spent more than 20 years at the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e, during a period of immense change in the UK and fixed income markets globally. In order to help ensure a smooth handover, I am announcing my decision now to retire next summer, and I look forward to supporting my colleagues in the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e and the Treasury in the intervening period.”\u003c/p\u003e\n\n\u003cp\u003ePermanent Secretary to the Treasury James Bowler said:\u003c/p\u003e\n\n\u003cp\u003e“I would like to congratulate Sir Robert for his excellent work as CEO of the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e. The leadership he displayed at the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e during turbulent periods such as the Global Financial Crisis and the COVID-19 pandemic is testament to his diligence, calmness in the face of extremely challenging circumstances, and deep expertise. He leaves a strong position for his successor to take over, and I thank him for his exceptional public service over the last two decades.”\u003c/p\u003e\n\n\u003cp\u003eSir Robert Stheeman’s career:\u003c/p\u003e\n\n\u003cp\u003eSir Robert Stheeman has held his position as CEO of the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e since 2003. Prior to joining the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e, he spent 16 years at Deutsche Bank as director of its Debt Capital Markets Group, leading on forging relationships with sovereign issuers and official institutions.\u003c/p\u003e\n\n\u003cp\u003eDuring Sir Robert’s 20 years of stewardship, the \u003cabbr title=\"Debt Management Office\"\u003eDMO\u003c/abbr\u003e has smoothly raised over £3 trillion of borrowing, a period during which it became recognised as world-leading in the execution of its debt and cash management operations.\u003c/p\u003e\n\n\u003cp\u003eHe was knighted in the 2016 New Year Honours for his services to UK Government debt management.\u003c/p\u003e\n\n\u003c/div\u003e" } </script><script type="application/ld+json"> { "@context": "http://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "name": "Home", "@id": "https://www.gov.uk/" } }, { "@type": "ListItem", "position": 2, "item": { "name": "Government", "@id": "https://www.gov.uk/government/all" } } ] } </script> </body> </html>

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