Bank of Canada's Macklem - key player in Canada's financial system - named dean of U of T's Rotman School of Management

TORONTO, Dec. 5, 2013 /CNW/ - Tiff Macklem, a leader in national and international financial systems, has been named the new dean of the University of Toronto's Rotman School of Management.

"I am thrilled to be joining the University of Toronto and Rotman, both of which are renowned for excellence in Canada and around the world," said Macklem. "This new role will allow me to bring together my public policy and research experience to support students and to promote the world-leading thinking that takes place at Rotman."

Macklem is currently senior deputy governor of the Bank of Canada, sharing responsibility with the governor and four deputy governors for monetary policy and the Bank's role in promoting financial stability.  In that role, he is also the Bank's chief operating officer and a member of its board of directors, overseeing strategic planning and coordinating the Bank's operations.

Macklem has also played a leading role in efforts to ensure stable financial systems worldwide through the Financial Stability Board.

"We are delighted that Tiff Macklem is joining the University of Toronto as dean of the Rotman School," said Cheryl Regehr, U of T's vice-president and provost.  "He has vast experience managing large institutions, translating academic research into public policy and representing Canada on the world stage."

In announcing the appointment, Provost Regehr thanked Professor Peter Pauly, who has served as interim dean of the Rotman School since July 1 of this year and will continue in that role until July 1 of 2014, when Macklem will take over for a five year term.

Prior to his appointment at the Bank, Macklem served as associate deputy minister of the federal Department of Finance and Canada's finance deputy at the G7 and G20.  He also served as chair of the Standing Committee on Standards Implementation of the Financial Stability Board.  In that role, he worked to establish an international system of peer review to promote and assess the implementation of new financial standards across the 24 most financially important countries in the world.

Born in Montréal, Quebec, 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 at 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. 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. He re-joined Finance as associate deputy minister in 2007.

SOURCE University of Toronto

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