Mr. Carney was appointed Governor of the Bank of Canada effective 1 February 2008, for a term of seven years. As Governor, he is Chairman of the Board of Directors of the Bank.
He is Chairman of the Financial Stability Board, and a member of the Board of Directors of the Bank for International Settlements (BIS), and Chairman of its Committee on the Global Financial System (CGFS).
Born in Fort Smith, Northwest Territories, Mr. Carney received a bachelor's degree in economics from Harvard University in 1988. He received a master's degree in economics in 1993, and a doctorate in economics in 1995, both from Oxford University.
Prior to joining the public service, Mr. Carney had a thirteen-year career with Goldman Sachs in its London, Tokyo, New York and Toronto offices. Mr. Carney was appointed Deputy Governor of the Bank of Canada in August 2003. In November 2004, he left the Bank to become Senior Associate Deputy Minister of Finance - a position he held until his appointment as Governor of the Bank. While at the Department of Finance he oversaw the budget process and served as Canada’s Finance deputy to the G-7, G-20 and Financial Stability Forum.