Tiff Macklem is the Dean of the Rotman School of Management at the University of Toronto, a role he assumed in July 2014. During his leadership at Rotman, Mr. Macklem has been a frequent speaker on the global financial system, risk management and public policy. He is currently a director of Scotiabank and chair of its board risk committee, as well as a member of Ontario’s Internal Audit Committee, the Asian Business Leaders Advisory Board and the Advisory Board of Georgian Partners. He has also previously chaired the Global Risk Institute, and the Expert Panel on Sustainable Finance.
Prior to joining Rotman, Mr. Macklem served as Senior Deputy Governor of the Bank of Canada from July 2010 until May 2014. In this capacity, he was the Bank's Chief Operating Officer and a member of the Board of Directors of the Bank. Mr. Macklem’s duties included acting for the Governor, overseeing strategic planning and coordinating the Bank’s operations, sharing responsibility for the conduct of monetary policy as a member of the Bank’s Governing Council, and participating in fulfilling the Bank's responsibilities for promoting financial stability.
He was the first Chair of the Financial Stability Board’s Standing Committee for Standards Implementation from 2009 to 2013, and represented the Bank of Canada at the FSB. Previously, Mr. Macklem was Associate Deputy Minister at the Department of Finance from 2007 to 2010, serving as Canada's representative at the G7, G20 and Financial Stability Board.
Born in Montréal, Quebec, Mr. Macklem graduated from Queen's University in 1983 with a bachelor's degree in economics, and completed a master’s degree and a PhD in economics from the University of Western Ontario.
In 1984, he joined the Bank of Canada in the Department of Monetary and Financial Analysis for one year. He returned to the Bank in 1989 following the completion of his PhD. Mr. Macklem occupied increasingly senior positions in the Research Department (now Canadian Economic Analysis) until his appointment as Chief in January 2000. He was appointed Adviser to the Governor in August 2003. In 2003-4, he was seconded to the Department of Finance, returning to the Bank as a Deputy Governor in December 2004.