Mark Carney

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Mark Carney

Mark Carney

Career

Mark Carney was born in Fort Smith, Northwest Territories, Canada, on March 16th 1965 he is now 50 years old. He is married to Diana Fox a British economist. They have 4 children together. He currently lives in London, England, Uk where he takes the position: Governor of the Bank of England.

Carney completed a bachelor's degree in economics at Harvard in 1988. He later attended St Peter's College, Oxford where he received an MPhil in economics in 1993, and then went on to receive his DPhil in economics in 1995 at Nuffield College for his thesis titled The dynamic advantage of competition.

Carney spent thirteen years with Goldman Sachs in its London, Tokyo, New York and Toronto offices. His progressively more senior positions included executive director, and managing director, investment banking. He worked on South Africa's post-apartheid venture into international bond markets, and was involved in Goldman's work with the 1998 Russian financial crisis.

Biography

Education

From November 2004 to October 2007, Carney was senior associate deputy minister and G7 deputy at the Canadian Department of Finance. He served under Liberal finance minister Ralph Goodale and Conservative finance minister Jim Flaherty. During this time Carney oversaw the government's controversial plan to tax income trusts at source.

Bank of Canada Deputy governor, 2003–2004Governor, February 2008–June 2013 Governor of the Bank of EnglandOn November 26, 2012, the British Chancellor,George Osborne, announced the appointment of Carney as the next Governor of the Bank of England. Carney succeeded Sir Mervyn King on July 1, 2013. He is the first non-Briton to be appointed to the role since the Bank was established in 1694.

Favourite Quotes

"A person can have the most beautiful lipid panel but they can have an elevated platform which puts them at a very high risk for having a cardiac event."- Mark Carney

"The time to repair the roof is when the sun is shining." - John F. Kennedy

"We have always known that heedless self interest was bad morals, we now know that it is bad economics." ― Franklin D. Roosevelt


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