Mark Carney: biography
Mark Carney (born 16 March 1965) is governor of the Bank of England and chair of the Financial Stability Board (FSB). He has a bachelor’s degree in economics from Harvard University and a doctorate in the same subject from Oxford University.
Carney spent 13 years working for Goldman Sachs before joining the Bank of Canada in 2003 as deputy governor. In 2004 he joined the Canadian Federal Department of Finance, then returned to the BoC as governor in February 2008.
Just one month into his term as governor, he cut rates by 50 basis points. In April 2009, he committed to maintaining low rates for at least a year. Both actions were hailed as helping Canada thrive throughout the financial crisis, even as other major economies struggled. They also helped Carney earn his reputation as a ‘rock star’ banker.
In November 2012, it was announced that Carney was leaving his post at the BoC to become governor of the Bank of England. He took up his post on 1 July 2013.