Mr. Carney was appointed Governor of the Bank of Canada, effective 1 February 2008, for a term of seven years.
After five and half years of service as Governor, Mr. Carney departed the Bank of Canada on 1 June 2013 to become the Governor of the Bank of England. He was appointed to this position on 26 November 2012, with an effective date of 1 July 2013.
Born in Fort Smith, Northwest Territories, Mr. Carney received a bachelor’s degree in economics from Harvard University in 1988. He received a master’s degree in economics in 1993 and a doctorate in economics in 1995, both from Oxford University. Mr. Carney was also awarded an Honorary Doctor of Laws from the University of Manitoba in April 2013.
Prior to joining the public service, Mr. Carney had a thirteen-year career with Goldman Sachs in its London, Tokyo, New York and Toronto offices. Mr. Carney was appointed Deputy Governor of the Bank of Canada in August 2003. In November 2004, he left the Bank to become Senior Associate Deputy Minister of Finance – a position he held until his appointment as Governor of the Bank.
While serving as Governor of the Bank of Canada, Mr. Carney was also appointed as Chairman of the Financial Stability Board (FSB) in November 2011 for a three year term.
Governor Mark Carney with Minister of Finance Jim Flaherty, Mr. Paul G. Smith, Chairman of the Board at VIA Rail Canada and Canadian Space Agency Astronaut Chris Hadfield, Commander of the International Space Station (by satellite), unveil the final two notes of the new Polymer bank note series.Topics: Bank Notes News
Bank of Canada Governor Mark Carney discusses the breakdown in trust in global banking and what is required to rebuild it.