Jean Boivin Leaving Post as Canada Finance Aide This Month

Jean Boivin, associate deputy minister at Canada’s finance department, is leaving the job this month, the latest in a wave of departures that’s changing the face of the nation’s economic policy making.

Boivin, 41, confirmed his Aug. 29 departure in an e-mail to Bloomberg News, declining to say where he’s going. According to an internal Finance Department memo obtained by Bloomberg, Boivin is leaving for the private sector.

The top aide for Group-of-20 matters at Canada’s finance department, Boivin was formerly a Bank of Canada deputy governor. He joined Finance in October 2012 to take a position once held by Bank of England Governor Mark Carney and is considered a possible future candidate to head Canada’s central bank.

Boivin becomes the latest economic-policy heavyweight to depart over the past year, joining Carney, who stepped down as head of the Bank of Canada last summer, the leader of the country’s banking regulator Julie Dickson and former Bank of Canada Senior Deputy Governor Tiff Macklem. Finance Minister Joe Oliver took over the post in March after the late Jim Flaherty resigned.

Boivin, a student of former Federal Reserve Chairman Ben S. Bernanke at Princeton University, was brought to the Bank of Canada in 2009 as an adviser to Carney. When he was appointed deputy governor in 2010, Carney said Boivin’s academic work had been “pushing the frontiers” of monetary economics.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE