Tiff Macklem Bio, Wiki
Tiff Macklem is the former Senior Deputy Governor and the current Dean of the Rotman School of Management., and now Governor-Designate of the Bank of Canada. He will take over as Governor on June 3rd, 2020.
Tiff Macklem Education
Macklem was born in Montreal, Quebec, and grew up in Westmount, where he attended Selwyn House School. His father was the chief financial officer of Birks. He 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.
Tiff Macklem Career
Macklem began his career at the bank in 1984. He was widely expected to win the contest for bank governor in 2013 but was beaten out by Stephen Poloz, who was then CEO of Export Development Canada.
He returned to the Bank of Canada in 1989 following the completion of his graduate studies. Mr. Macklem occupied increasingly senior positions in the Research Department (now Canadian Economic Analysis) until his appointment as Chief in January 2000.
In August 2003, Macklem was appointed Adviser to the Governor. In 2003-4, he was seconded to the Department of Finance, returning to the Bank of Canada as a Deputy Governor in December 2004. He rejoined the Department of Finance as Associate Deputy Minister in 2007, in which he served until 30 June 2010.
Tiff Macklem Senior Deputy Governor
Macklem was appointed Senior Deputy Governor for a term of seven years beginning 1 July 2010. As the Senior Deputy Governor and number two at the Bank of Canada, Macklem was widely expected to succeed as BOC Governor with the appointment of Mark Carney as Governor of the Bank of England.
Although Macklem’s term would have run until 2017, he announced his resignation to take effect on May 1st, 2014, where he has assumed the position of Dean of the Rotman School of Management at the University of Toronto. Paul Ferley, an assistant chief economist at Royal Bank of Canada, suggested of Macklem’s departure “It’s a real loss for the bank, that you lose that human capital” as Carney and Macklem formed the tandem that had guided Canada through the late-2000s financial recession.
On June 22th, 2015, the Bank of Nova Scotia announced that Macklem had been appointed a new member of its board of directors.
Tiff Macklem Bank of Canada Governor
On May 1st, 2020, Macklem was named as the new Bank of Canada Governor. He will take up the post in June 2020.
Tiff Macklem is the new Bank of Canada governor.
I like Macklem a lot, but they passed over the smartest and most qualified candidate that just happens to be a woman, for another dude in the old boys club. #cdnpoli
— Stephen Punwasi (@StephenPunwasi) May 1, 2020
Tiff Macklem Wife, Children
His wife is Rosemary Mackelem and the couple have three children.