Bank of Canada Senior Deputy Governor Carolyn A. Wilkins to leave the Bank in December

Senior Deputy Governor Carolyn A. Wilkins participates in a press conference following the release of the Monetary Policy Report on 16 July 2014. (Photo By Bank of Canada/Wikimedia Commons)

Senior Deputy Governor Carolyn A. Wilkins has informed the Bank’s Board of Directors that her last day at the Bank will be December 9, 2020.

“It has been an honour to serve Canadians as Senior Deputy Governor of the Bank of Canada.

I am immensely proud of what our team has accomplished over the years, and especially these past months to restore market functioning and support households and business during the pandemic,” said Senior Deputy Governor Wilkins. “The end of the year provides for an appropriate time for me to leave the Bank, so that I can explore the next chapter in my career. It also enables Governor Macklem and the Board to move forward in solidifying the team that will manage the economy through recovery and achieve the longer-term goals of the Bank. I know that the Bank is in excellent hands.”

Governor Macklem thanked Ms. Wilkins for her service to Canadians as Senior Deputy Governor, and throughout her career at the Bank, “Carolyn has provided exceptional leadership as an economic policymaker these past six and a half years. As Senior Deputy Governor, she has also strengthened our research, enhanced our diversity, and expanded our digital capacity. While she will be sorely missed, her many contributions will be felt by all of us for many years to come. On behalf of her colleagues on Governing Council, the Board, and everyone at the Bank, we wish her the very best and know she will make her mark in whatever she chooses to do next.”

Additional information

• The Board has initiated a recruitment process to select a new Senior Deputy Governor. They have formed a selection committee to conduct the search and selection process, with the assistance of global executive recruiting firm Boyden.
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• Public advertisements for the position have been published online.
• Subject to the approval of the Minister of Finance and the federal Cabinet, the Bank’s independent directors will appoint the next Senior Deputy Governor for a seven-year term.