January 30, 2009 / 11:00 PM / in 9 years

Former Bank of Canada deputy heads to Promontory

OTTAWA (Reuters) - Former Bank of Canada Deputy Governor Sheryl Kennedy has been appointed senior adviser with global financial consulting firm Promontory Financial Group, her new employer said on Friday.

Kennedy was a deputy governor at the central bank from 1994 until stepping down in December of last year. She sat on the six-member council that set monetary policy.

In a statement, Kennedy said she would be involved in advising firms “as they grapple with the unprecedented challenges confronting the global financial system and changing regulatory requirements.”

She will be advising Promontory Chairman and Chief Executive Eugene Ludwig, a former top banking regulator.

Washington-based Promontory provides advice to financial services companies, focusing on due diligence, addressing regulatory risk, compliance, capital and liquidity issues.

Reporting by Louise Egan; editing by Rob Wilson

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