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FP says TD, rivals see Macklem keep diversity pledge

2021-07-22 07:13 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Financial Post reports in its Thursday edition that Bank of Canada Governor Tiff Macklem followed through on a vow to make his senior leadership more diverse, elevating former U.S. Federal Reserve economist Sharon Kozicki to Governing Council from the rung of advisers that sits just below deputies on the organization chart. The Post's Kevin Carmichael writes that Mr. Macklem said Wednesday: "The bank has long benefitted from Sharon's thought leadership on monetary policy design, implementation and communication. Her intellect and expertise will make an important contribution to our Governing Council deliberations and help ensure we take decisions based on diverse perspectives to fulfil the bank s mandate now, and in the future." Ms. Kozicki, an Ottawa native who joined the BOC in 2006 after working as an economist with the U.S. Federal Reserve's Board of Governors in Washington and as vice-president at the Kansas City Fed, is held in high regard both inside and outside the central bank. Economist Brian Depratto called the selection an "excellent choice." The appointment also represents some creativity on the part of Mr. Macklem, who decided this spring to become a stronger advocate for diversity.

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