Derek D. Key was appointed to the Board of Directors of the Bank of Canada in November 2012.
Born in Summerside, Prince Edward Island, Mr. Key graduated from the University of Prince Edward Island in 1978 with a Bachelor of Arts degree in Economics. He went on to complete his Bachelor of Laws at Dalhousie University in 1981. In 2012, he was awarded an Honorary Doctor of Laws degree from the University of Prince Edward Island.
Mr. Key is currently a partner with Key Murray Law, a Prince Edward Island law firm connected regionally, nationally and internationally. He also serves as President of both Hersonsfield Management Inc. and Ninety-Four Enterprises Ltd.
Since 1999, Mr. Key has served as Chair of the Insurance Committee for the Law Society of Prince Edward Island, and has served two terms on the Board of the Atlantic Innovation Fund. He is a member of the Board of Directors for the Canadian Lawyers Insurance Association and is a past president of the Summerside Chamber of Commerce.
Mr. Key’s long record of community work includes service as President of the Prince County Hospital Foundation Board, President of the Rotary Club of Summerside and Vice Chair of the 2009 Canada Summer Games Bid Committee. He is a member of the Order of Canada, a Life Member of Scouts Canada and, in 2010, was awarded the Law Society of Prince Edward Island’s Distinguished Community Service Award.