 The School houses a number of notable centres including the Centre for the Analysis of Social Exclusion, the Centre for Climate Change Economics and Policy, the Centre for Macroeconomics, Centre for Economic Performance, LSE Health and Social Care, the Financial Markets Group (founded by former Bank of England governor Sir Mervyn King), the Grantham Research Institute on Climate Change and the Environment (chaired by Lord Stern), LSE Cities, the UK Department for International Development funded International Growth Centre and one of the six the UK government-backed 'What Works Centres' – the What Works Centre for Local Economic Growth.The Greater London Group was influential research centre within LSE from the late 1950s on, before being subsumed into the LSE London research group.In late 2014, LSE hired Erik Berglöf, former Chief Economist and Special Advisor to the EBRD to establish a new Institute of Global Affairs with seven regional research centres focusing on Africa, East Asia, Latin America and the Caribbean, the Middle East, South Asia, South East Asia and the United States.