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Timothy (Tim) Hodgson was appointed Special Adviser to the Governor for an 18-month term, effective 1 September 2010. In this capacity, Mr. Hodgson assists in implementing key priorities associated with the Bank’s financial system mandate, including the approach to regulation of OTC derivatives, support for repo market resilience, and capital adequacy of financial institutions.
Mr. Hodgson also acts as Senior Representative for Financial Markets at the Toronto Regional Office of the Bank of Canada. In this role, Mr. Hodgson contributes to the Bank’s objectives of conducting monetary policy to achieve low, stable, and predictable inflation, and promoting well-functioning financial markets.
He leads a team that is responsible for building on the Bank’s strong relationship with the Toronto financial community. His team contributes to the Bank’s analysis on the evolution of financial markets, institutions, products and regulations. Mr. Hodgson is a member of the Bank’s Monetary Policy Review and Financial System Review committees.
Born in Winnipeg, Manitoba, Mr. Hodgson received his MBA from the Ivey School of Business at the University of Western Ontario in 1988 and a B.Com. (Hons) from the University of Manitoba in 1983.
Mr. Hodgson joined the Bank from a 20-year career at Goldman Sachs Canada, where he had served as the company’s Chief Executive Officer since June 2005.
Prior to heading the firm, he held senior positions in Goldman’s Telecom, Media and Technology Group in both New York and Menlo Park, California, and in Goldman’s Investment Banking Services Group, covering clients in Canada. Previously, Mr. Hodgson worked in Goldman’s Corporate Finance and New Issues and Structured Finance departments in London. Before joining Goldman Sachs in 1990, he worked at Salomon Brothers Inc; Price Waterhouse & Company; and Merrill Lynch Canada Inc.