Political move

Ex-Bank boss Carney may seek to replace Trudeau

Mark Carney
Mark Carney: considering political role

Former Bank of England governor Mark Carney is weighing up a tilt for the leadership of Canada’s Liberal Party.

Mr Carney – who led Britain’s central bank between 2013 and 2020 – confirmed he may seek to replace Justin Trudeau who resigned after nine years as prime minister.

“I’ll be considering this decision closely with my family over the coming days,’ said Mr Carney, a 59-year-old Canadian, who would face competition from former deputy Chrystia Freeland and transport minister Anita Anand.

Mr Carney is currently chairman of Canadian alternative investment firm Brookfield Asset Management and previously served as governor of the Canadian central bank from 2007 to 2013, steering it through the financial crisis.

Before his central bank career, Mr Carney spent 13 years with investment bank Goldman Sachs in its London, Tokyo, New York and Toronto offices.

Known as the “rock star banker” after his appointment to the Bank in 2013, he was the first foreign governor at the UK central bank since it was founded in 1694.

Since his role at the Bank, he has held a number of posts in the finance sector and has worked as an adviser to Mr Trudeau.

Mr Trudeau has said he will stay in office until a new leader is chosen and Canada’s parliament has been suspended until 24 March.



Leave a Reply

Your email address will not be published. Required fields are marked as *

This site uses Akismet to reduce spam. Learn how your comment data is processed.