UPDATE 1-Canada's Flaherty takes active role in search for central bank head

Wed Jan 16, 2013 4:51pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* Finance minister highlights own role in search for chief

* Spokeswoman says interviews by minister not unusual

* No timelines given for decision

By Louise Egan

OTTAWA, Jan 16 (Reuters) - Canada's finance minister will interview candidates for governor of the Bank of Canada, his office said on Wednesday in an unusual announcement that highlights the central role the minister intends to play in the recruitment process.

Mark Carney is stepping down as governor of the Bank of Canada in June to head the Bank of England, and the process of finding his replacement is under way. Tiff Macklem, currently the senior deputy governor, is considered the front runner.

An external recruiting firm, Odgers Berndtson, has advertised the position, and a special committee of the Bank of Canada's board of directors has the task of compiling a list of potential candidates for the job.

The federal cabinet must approve all Bank of Canada governor appointments.

The bank's committee will work in "close consultation" with the finance minister, Jim Flaherty, to review the list of initial candidates, the statement said on Wednesday.   Continued...