On behalf of the Board of Directors of the Bank of Canada, Governor David Dodge today announced that Deputy Governor Sheryl Kennedy will be undertaking a short-term assignment as Senior Adviser to The Bank of Nova Scotia.

This assignment, beginning 15 May until early October, is of mutual interest to the Bank of Canada and to The Bank of Nova Scotia (BNS). As Senior Adviser, Executive Project Office, Ms. Kennedy will provide advice and support to the development of strategies and priorities for The Bank of Nova Scotia's international operations. The assignment provides an opportunity for one of the Bank's senior officers to gain a better understanding of the planning and operations of a commercial bank, in particular in the international context, while providing BNS with broad expertise in setting strategic direction. The arrangements for Ms. Kennedy's assignment have been made in accordance with the Bank of Canada's Conflict of Interest policy.

As part of its human resource strategy, the Bank regularly seeks opportunities for senior staff to gain experience in other public and private sector organizations, as being important to developing knowledge critical to the continuing success of the Bank.

Sheryl joined the Bank as Deputy Governor in 1994 and has been responsible for a range of portfolios including research and analysis of the Canadian economy in support of monetary policy, financial markets, banking operations, and corporate administration.