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Bank of Canada’s Boivin to Become Flaherty Adviser on G-20

Oct. 15 (Bloomberg) -- Bank of Canada Deputy Governor Jean Boivin has been appointed as a top official at the country’s finance department, following in the footsteps of the central bank’s two top policy makers.

Boivin will become an associate deputy minister in the department, according to a statement from the Ottawa-based central bank today. He will also serve as Finance Minister Jim Flaherty’s deputy at meetings of the Group of Seven, G-20 and the Financial Stability Board, the central bank said in a statement. The appointment is effective Oct. 25.

Boivin, who turned 40 yesterday, becomes the third high-ranking Bank of Canada official to hold the finance department’s G-7 deputy position over the past decade. Mark Carney held the post before becoming Bank of Canada Governor in 2008. Bank of Canada Senior Deputy Governor Tiff Macklem was Flaherty’s G-7 and G-20 adviser for almost three years before returning to the central bank in July 2010.

Carney and Macklem left the Bank of Canada for the finance-department positions.

Boivin, a pupil of U.S. Federal Reserve Chairman Ben S. Bernanke, was an economics professor at the Universite de Montreal before joining Canada’s central bank in 2010. Boivin co-wrote papers with Bernanke after receiving a doctorate from Princeton University in 2000. Bernanke was on Boivin’s thesis committee at the time.

Boivin replaces Paul Rochon, a two-decade finance department veteran who moved to Canada’s health ministry.

To contact the reporter on this story: Greg Quinn in Ottawa at gquinn1@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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