Mr. Mark Carney was born in Fort Smith in the Northwest Territories, a town of 2,500 people founded by fur-trading explorers and intrepid adventurers. From here, Mr. Carney blazed a remarkable trail that has taken him to the top of the global financial world.
His journey began following high school in Edmonton, where his family moved to when he was young. He ventured from home, going to Harvard University to earn his bachelor’s degree in economics in 1988. He went further still, earning his master’s degree in economics in 1993 from St. Peter’s College, University of Oxford, and a doctorate in economics in 1995 from Nuffield College, University of Oxford.
Mr. Carney went on to have a thirteen-year career with Goldman Sachs in its London, Tokyo, New York and Toronto offices, eventually becoming the bank’s managing director of investment banking.
In August of 2003, Mr. Carney was appointed Deputy Governor of the Bank of Canada. A little over a year later he left the Bank to become Senior Associate Deputy Minister of Finance. He served under both a Liberal and Conservative government before he was appointed to a seven-year term as the Governor of the Bank of Canada on February 1, 2008. He serves as Chairman of the Board of Directors of the Bank of Canada, as well as serving as Chairman of the Board of the Financial Stability Board.
When Mr. Carney accepted the governorship at the Bank, the global financial system offered uninviting horizons. But no one, even Mr. Carney, knew how vast, vague and tangled the approaching troubles were. He faced a daunting test almost immediately upon taking the helm: guide Canada through the worst of the financial impacts of a global banking crisis that began in 2007. He succeeded. Time named him one of the top 100 influential people of 2010, and in 2011 Reader’s Digest declared him the Most Trusted Canadian. And in recognition of his world-wide reputation, last year Mr. Carney was named Central Bank Governor of the Year.
A rare and unique opportunity came on November 26, 2012, when Her Majesty the Queen approved the appointment of Mr. Carney as Governor of the Bank of England, the second oldest central bank in the world. He is the first non-Briton to be appointed to the role since the Bank was established in 1694.
A visionary thinker and trailblazer who possesses tireless ambition and sterling integrity, Mr. Mark Carney is recognized with an Honorary Doctor of Laws for his leadership and impact on the financial world.