(Adds details, comments from Governor Macklem, economist)
OTTAWA, July 12 (Reuters) – The Bank of Canada on Monday named a specialist in financial regulation as its new senior deputy governor, filling the No. 2 policymaker spot left empty by the departure of Carolyn Wilkins from the position last December.
Carolyn Rogers, currently the secretary general of the International Basel Committee on Banking Supervision and previously an assistant superintendent with Canada’s financial regulator, is set begin her seven-year term on Dec. 15.
The decision was made by the independent members of the Bank of Canada’s board of directors and approved by Prime Minister Justin Trudeau’s Cabinet.
Bank Governor Tiff Macklem said he was delighted with the appointment, and that Rogers’ global and domestic experience would bring a diverse perspective to Canada’s central bank.
“She is also a strong senior leader and strategic thinker -invaluable skills as the Bank charts an ambitious path to best serve Canadians,” Macklem said in a statement.
Finance Minister Chrystia Freeland said Rogers “will bring a fresh perspective to the Bank of Canada,” according to a separate statement.
Rogers will be the only woman on the Bank’s six-member Governing Council, which oversees monetary policy, and she will also join the board of directors. In addition, she will oversee strategic planning and operations, the bank said.
The appointment is not expected to impact the overall trajectory of Canada’s monetary policy.
“Rogers’ expertise with regards to the Canadian and global financial systems will complement Governor Macklem’s macroeconomic and monetary policy background,” Royce Mendes, senior economist at CIBC Capital Markets, said in a note. (Reporting by Julie Gordon in Ottawa; editing by Franklin Paul and Jonathan Oatis)
