Bloomberg News London bureau chief Neal Callanan has been promoted to a new corporate finance czar role where he will help develop global coverage of the impact of rising borrowing rates on companies.

Callanan has been London bureau chief since May 2018.

He previously was a reporter and then team leader for EMEA real estate, investing and financial regulation coverage.

Callanan also worked as deputy business editor and business editor of The Sunday Tribune and as a senior news reporter for The Sunday Business Post.