OTTAWA – Bank of Canada Governor Mark Carney will become head of the Bank of England next summer.
Finance Minister Jim Flaherty called it a bittersweet moment as he announced Carney’s new job.
Flaherty said it’s the first time a foreigner has been tabbed to run Britain’s venerable national bank.
Carney was appointed to run the Bank of Canada in February 2008 and led it through a tough recession.
He will stay on at the Canadian bank until June 1 and move to his new job on July 1.
He replaces Sir Mervyn King.
Mark Carney, the Governor of the Bank of Canada.
Federal Finance Minister Jim Flaherty announces Bank of Canada Governor Mark Carney will become head of the Bank of England on July 1, 2013
Carney named to lead Bank of England
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