Media Releases

Bank of Canada’s Macklem – key player in Canada’s financial system – named dean of U of T’s Rotman School of Management

December 5, 2013

TORONTO, ON – Tiff Mack­lem, a leader in nation­al and inter­na­tion­al finan­cial sys­tems, has been named the new dean of the Uni­ver­si­ty of Toronto’s Rot­man School of Man­age­ment.

“I am thrilled to be join­ing the Uni­ver­si­ty of Toron­to and Rot­man, both of which are renowned for excel­lence in Cana­da and around the world,” said Mack­lem. “This new role will allow me to bring togeth­er my pub­lic pol­i­cy and research expe­ri­ence to sup­port stu­dents and to pro­mote the world-lead­ing think­ing that takes place at Rot­man.”

Mack­lem is cur­rent­ly senior deputy gov­er­nor of the Bank of Cana­da, shar­ing respon­si­bil­i­ty with the gov­er­nor and four deputy gov­er­nors for mon­e­tary pol­i­cy and the Bank’s role in pro­mot­ing finan­cial sta­bil­i­ty. In that role, he is also the Bank’s chief oper­at­ing offi­cer and a mem­ber of its board of direc­tors, over­see­ing strate­gic plan­ning and coor­di­nat­ing the Bank’s oper­a­tions.

Mack­lem has also played a lead­ing role in efforts to ensure sta­ble finan­cial sys­tems world­wide through the Finan­cial Sta­bil­i­ty Board.

“We are delight­ed that Tiff Mack­lem is join­ing the Uni­ver­si­ty of Toron­to as dean of the Rot­man School,” said Cheryl Regehr, U of T’s vice-pres­i­dent and provost.  “He has vast expe­ri­ence man­ag­ing large insti­tu­tions, trans­lat­ing aca­d­e­m­ic research into pub­lic pol­i­cy and rep­re­sent­ing Cana­da on the world stage.”

In announc­ing the appoint­ment, Provost Regehr thanked Pro­fes­sor Peter Pauly, who has served as inter­im dean of the Rot­man School since July 1 of this year and will con­tin­ue in that role until July 1 of 2014, when Mack­lem will take over for a five year term.

Pri­or to his appoint­ment at the Bank, Mack­lem served as asso­ciate deputy min­is­ter of the fed­er­al Depart­ment of Finance and Canada’s finance deputy at the G7 and G20.  He also served as chair of the Stand­ing Com­mit­tee on Stan­dards Imple­men­ta­tion of the Finan­cial Sta­bil­i­ty Board. In that role, he worked to estab­lish an inter­na­tion­al sys­tem of peer review to pro­mote and assess the imple­men­ta­tion of new finan­cial stan­dards across the 24 most finan­cial­ly impor­tant coun­tries in the world.

Born in Mon­tréal, Que­bec, Mack­lem grad­u­at­ed from Queen’s Uni­ver­si­ty in 1983 with a bachelor’s degree in eco­nom­ics, and com­plet­ed a master’s degree and a PhD in eco­nom­ics at the Uni­ver­si­ty of West­ern Ontario. In 1984, he joined the Bank of Cana­da in the Depart­ment of Mon­e­tary and Finan­cial Analy­sis for one year. He returned to the Bank in 1989 fol­low­ing the com­ple­tion of his PhD. Mack­lem occu­pied increas­ing­ly senior posi­tions in the Research Depart­ment (now Cana­di­an Eco­nom­ic Analy­sis) until his appoint­ment as chief in Jan­u­ary 2000. He was appoint­ed advis­er to the gov­er­nor in August 2003. In 2003–4, he was sec­ond­ed to the Depart­ment of Finance, return­ing to the Bank as a deputy gov­er­nor in Decem­ber 2004. He re-joined Finance as asso­ciate deputy min­is­ter in 2007.

For more infor­ma­tion, con­tact:

U of T Media Rela­tions
Tel: 416–978-0100