Bank Of Canada Appoints Carolyn Rogers As Senior Deputy Governor

The Bank of Canada has named Carolyn Rogers as its new Senior Deputy Governor.

Rogers, a former bank regulator, is the first non-economist to hold the number two job at Canada’s central bank in the modern era. She begins at the Bank of Canada on December 15.

The senior deputy governor post at the central bank has been vacant since last December when Carolyn Wilkins stepped down.

Rogers currently serves as secretary general of the Basel Committee on Banking Supervision and has worked at Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, where she was assistant superintendent.

Rogers has also been a financial sector regulator in British Columbia. She holds a Masters in Business Administration (MBA) from Queen’s University and is a chartered professional accountant.

The new appointment comes at an important time for the Bank of Canada. Governor Tiff Macklem is beginning to wind down the nation’s first-ever quantitative easing program and is in the process of renewing its five-year inflation mandate agreement with the federal government.