December 6, 2013 11:30 am

Rotman announces senior Bank of Canada figure as next dean

Bank of Canada's Senior Deputy Governor Tiff Macklem talks to Reuters in Montreal

The University of Toronto’s Rotman School of Management has named Tiff Macklem, senior deputy governor of the Bank of Canada, as its next dean.

The economist, who has spent most of his career at Canada’s central bank, had been widely tipped to succeed Mark Carney as governor earlier this year.

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Since becoming senior deputy to Mr Carney – now governor of the Bank of England – in 2010, Mr Macklem has served on the Bank of Canada’s six-member governing council that decides monetary policy.

He will commence his five-year tenure as leader of the Toronto business school in July 2014, leaving the central bank four years into his seven-year term.

“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,” says Mr Macklem.

The appointment concludes Rotman’s hunt for a long-term successor to Roger Martin, who stepped down as dean in July 2013 after 15 years at the helm. Peter Pauly currently serves as interim dean.

Mr Macklem will inherit a business school whose full-time MBA programme is the highest-ranked in Canada, and which has remained among the top 50 ranked programmes worldwide throughout Prof Martin’s tenure. Following the opening of a new building in 2012, the school has more than doubled in physical size.

The incoming Rotman dean received his masters and doctoral degrees in economics from the University of Western Ontario. Its Ivey business school itself appointed a new dean – Robert Kennedy – in April.

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