Governing Council and Senior Management

Learn more about the current leadership at the Bank of Canada.

Governing Council

The Governing Council is the policy-making body of the Bank. It consists of the Governor, Senior Deputy Governor and the Deputy Governors. It is responsible for conducting monetary policy and promoting a safe and efficient financial system.

Carolyn Rogers

Senior Deputy Governor

Toni Gravelle

Deputy Governor

Sharon Kozicki

Deputy Governor

Rhys R. Mendes

Deputy Governor

Nicolas Vincent

External Deputy Governor

Michelle Alexopoulos

External Deputy Governor

Executive Council

The Executive Council is made up of the Senior Deputy Governor, the Chief Operating Officer, the Executive Director of Policy, the Executive Director of Payments, Supervision and Oversight, the Managing Director of Communications and the Advisor and Chief of Staff to the Governor.

The role of the Executive Council is to deploy the Bank’s resources to achieve its mandate and deliver on the objectives and outcomes in its strategic plan. It is the primary management decision-making body within the Bank and supports the decision-making functions of Governing Council and the Bank’s Board of Directors. It translates the direction from these bodies into performance and operating objectives for the organization, tracks the organization’s performance against approved plans and ensures the Bank meets all its compliance and reporting obligations.

Alexis Corbett

Chief Operating Officer

Grahame Johnson

Grahame Johnson

Executive Director of Policy

Ron Morrow

Ron Morrow

Executive Director of Payments, Supervision and Oversight

Annie Portelance

Managing Director, Communications

Jill Vardy

Advisor and Chief of Staff

Executive Leadership

Russell Barnett

Managing Director, Financial Stability

Naomi Belleau

Managing Director and Chief Internal Auditor

Coralia Bulhoes

Managing Director and Chief Financial Officer

Anne Butler

Managing Director, Payments and Regulatory Oversight

Maureen Carroll

Managing Director, Currency

Sylvain Chalut

Managing Director and Chief Information Officer, Information Technology Services

Marc-André Gosselin

Managing Director, Canadian Economic Analysis

Harriet Jackson

Advisor and Chief of Staff

Stéphane Lavoie

Managing Director, Markets and Banking Department

Katherine Murray

Managing Director and Chief Human Resources Officer, Human Resources

Michael O’Bryan

Managing Director and Chief Risk Officer

Subrata Sarker

Managing Director, International Economic Analysis

Ben Sorensen

Managing Director, Data and Digital Services

Steve Thomas

General Counsel and Corporate Secretary

Erin Trudeau

Managing Director and Chief Security Officer, Corporate Services

Jing Yang

Managing Director, Economic and Financial Research

Audit

Naomi Belleau, Managing Director and Chief Internal Auditor

Canadian Economic Analysis

Marc-André Gosselin, Managing Director
Erik Ens, Deputy Managing Director
Yang Zhang, Senior Policy Director
Stefano Gnocchi, Senior Research Director
Alexander Ueberfeldt, Senior Policy Director

Communications

Annie Portelance, Managing Director
Nicholas Galletti, Deputy Managing Director
Tara Sutorius, Senior Director
Vacant, Senior Director

Corporate Services

Erin Trudeau, Managing Director
Vacant, Deputy Managing Director

Currency

Maureen Carroll, Managing Director
Yvonne de Lint, Deputy Managing Director
Ted Garanzotis, Senior Director
Julie Martens, Senior Director

Data and Digital Services

Ben Sorensen, Managing Director
Hajer Zaiem, Deputy Managing Director
Trevor Sabean, Senior Director

Economic and Financial Research

Jing Yang, Managing Director
Gino Cateau, Deputy Managing Director, and Senior Research Officer
Oleksiy Kryvtsov, Senior Research Officer

Executive and Legal Services

Steve Thomas, General Counsel and Corporate Secretary
Matthew Meagher, Assistant General Counsel
Lesley Ryan, Deputy Corporate Secretary and Senior Director

Financial and Enterprise Risk

Michael O’Bryan, Managing Director and Chief Risk Officer
Krystelle Bilodeau, Deputy Managing Director

Financial Services

Coralia Bulhoes, Managing Director and Chief Financial Officer
Line Boudreau, Deputy Managing Director
Christine Charbonneau, Senior Director

Financial Stability

Russell Barnett, Managing Director
Natasha Khan, Deputy Managing Director
Thibaut Duprey, Senior Director
Yaz Terajima, Senior Research Director
Alexandra Lai, Senior Director

Human Resources

Katherine Murray, Managing Director and Chief Human Resources Officer
Michelle Martin, Deputy Managing Director
Annie Guilbault, Senior Director

Information Technology Services

Sylvain Chalut, Managing Director and Chief Information Officer
Hisham El-Bihbety, Deputy Managing Director and Chief Information Security Officer
John Robert Fortin, Senior Director
Roger Hatch, Senior Director
Robert Pichette, Senior Director

International Economic Analysis

Subrata Sarker, Managing Director
Lori Rennison, Deputy Managing Director
Marie-France Paquet, Senior Policy Director
Vacant, Senior Policy Director
Ben Tomlin, Senior Research Director

Markets and Banking

Stéphane Lavoie, Managing Director
Christopher Reid, Deputy Managing Director
Marc Normandeau, Senior Director
Sophie Lefebvre, Senior Director
Philippe Muller, Senior Director
Vacant, Senior Director

Payments and Regulatory Oversight

Anne Butler, Managing Director
Melanie Achtemichuk, Deputy Managing Director
Nikil Chande, Senior Director
Éric Chouinard, Senior Director
Francisco Rivadeneyra, Senior Research Director


True to March 30, 2026

Historical leadership

This is a list of people who have served in the senior-most positions at the Bank of Canada since 1934.