Co-Chair RCG for the Americas
Governor, Bank of Canada
Tiff Macklem was appointed Governor of the Bank of Canada, effective June 3, 2020, for a term of seven years.
Born in Montréal, Quebec, Mr. 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 from the University of Western Ontario.
He first joined the Bank of Canada in 1984 and returned in 1989 following the completion of his PhD. Mr. Macklem occupied increasingly senior positions in the Research Department (now Canadian Economic Analysis) until his appointment as Chief in January 2000. He was appointed Advisor to the Governor in August 2003 and made a Deputy Governor in December 2004.
During the Global Financial Crisis, Mr. Macklem was Associate Deputy Minister at the Department of Finance, and served as Canada’s representative at the G7, G20 and Financial Stability Board. In July 2010, Mr. Macklem returned to the Bank and was appointed Senior Deputy Governor.
Prior to his appointment as Governor, Mr. Macklem was the Dean of the Rotman School of Management at the University of Toronto, a role he assumed in July 2014. During his time at Rotman, he was a frequent speaker on the topics of the global financial system, risk management and public policy. He also served as a director of Scotiabank and chair of its board risk committee and was a member of Ontario’s Internal Audit Committee, the Asian Business Leaders Advisory Board and the Advisory Board of Georgian Partners. He has previously chaired the Global Risk Institute and the Expert Panel on Sustainable Finance.