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Carney, 42, is currently senior associate deputy minister of finance. Before that posting, he was a deputy governor of the Bank of Canada. He has also served as Canada's finance deputy at the G7.
Carney will join the Bank of Canada on Nov. 1 as adviser to the governor, a position he will occupy until he assumes the governor's role on Feb. 1, 2008.
His appointment comes as a surprise. Most analysts had expected that Paul Jenkins, the Bank of Canada's senior deputy governor, would get the job.
MARK J. CARNEY
August 2003 to present
Deputy Governor, Bank of Canada
2002 - 2003
Managing Director, Goldman Sachs, Toronto, Ontario
2000 - 2002
Vice-President, Investment Banking Services, Goldman Sachs, Toronto, Ontario
1998 - 2000
Vice-President, Corporate Finance, Goldman Sachs, New York, United States
1994 - 1998
Executive Director, Debt Capital Markets, Goldman Sachs, London, U.K.
1988 - 1991
Analyst, Goldman Sachs, London, United Kingdom; then Tokyo, Japan Office for a year
Date of Birth: March 1965
Education: Bachelor of Arts, Economics, Harvard University
Master, Phil, Economics, Oxford University
Doctorate, Phil. Economics, Oxford University
Mark Carney's, Canada's next Bank of Canada governor, joins a long list of powerful global economic policy makers formerly employed at Wall Street powerhouse Goldman Sachs.
Mr. Carney, 42, was the managing director of Goldman Sachs' Canadian operation before opting to join the public service in 2003, as deputy governor of the Bank of Canada. Here are other former Goldman Sachs players now making their name on the economic policy front:
• Henry Paulson, the U.S. Treasury Secretary, was formerly chairman and chief executive at Goldman Sachs.
• Mario Draghi, Italy's central bank governor, was a Goldman Sachs vice-chairman and managing director.
• David Watson, who was Goldman Sachs' chief European economist before joining the Bank of England's monetary policy committee.
And let's not forget Robert Rubin, the former U.S. treasury secretary under President Bill Clinton, who previously served as Goldman Sachs' co-chairman.
All these former high-level Goldman Sachs people getting key economic jobs has kept conspiracy theorists busy throughout the years. Mr. Carney's appointment will only add fuel to the fire.
Goldman Sachs Has Gained Too Much Political Power
June 5 (Bloomberg) -- Forget ``The Da Vinci Code.'' If you want to get to grips with a real conspiracy, take a look at all the Goldman Sachs Group Inc. staffers taking over important economic positions around the world...
In Canada, Mark Carney, formerly managing director in Goldman's Toronto office, is now a senior official in that country's Finance Ministry. Link
Goldman Record Year Shows New Wall Street in Shakeout
Goldman Sachs Group Inc., increasingly perceived as the world's biggest hedge fund, will report record earnings for 2007.
While Goldman, the largest securities firm by market value, ... also is considered No. 1 in proprietary trading and manages more hedge funds than anyone except JPMorgan Chase & Co.
When Canadian Prime Minister Stephen Harper went looking for a governor for the Bank of Canada, he settled on former Goldman investment banker and finance ministry official Mark Carney.
Former Goldman executives including U.S. Treasury Secretary Henry Paulson and Bank of Italy Governor Mario Draghi have been named to top policy-making posts. Paulson, Goldman's former chief executive officer, last year became the 10th senior official to join the U.S. government.
Ex-Goldman leaders Robert Rubin and Stephen Friedman served as White House appointees, while Paulson's former co-CEO Jon Corzine was elected to the Senate before becoming governor of New Jersey.
Mr. Carney, indeed, seems an odd choice. Not only is he the youngest governor since the first one 73 years ago, but he has scant central bank experience. He spent his formative career years with US-based Goldman Sachs, in its Moscow office, where the frenetic dismantling of state industries created instant billionaires – which GS assisted. Link
Originally posted by OBE1
"So it seems as if Carney, Flaherty, Harper and the top power brokers are working in cahoots with the US and possibly the Mexican governments in order to put the three countries on a level playing field, after which the NAU and SPP can be introduced, with little or no fanfare."