051_Global13_Arena_V5

Global 13

Arena Insight won’t be lifting the skirt of the old grey lady of Threadneedle Street, there is little doubt he will be raising the hemline, expos- tax shelters known as Income Trusts. It was bitterly controversial Credit: © World Economic Forum/Sebastian DerungsAs a trusted senior adviser to current Canadian Finance Minister ing a little cleavage and insisting on a new hairstyle. In short, his record is not one of shying away from bold decisions, and nobody should be surprised if he takes to the talk show circuit to explain himself. Jim Flaherty, Carney recommended an end to generous corporate and a dilemma for Flaherty’s Conservative government because it not only broke a campaign promise but also fl ew in the face of their own pro-business ideology. Banks, Carney has said many times, are not in business only for themselves Th e Mark Joseph Carney File but for the health of the economy and  Born:March 16, 1965, Fort Smith, North West Territories, Canada. the fi nancial well-being of all  Educated: Harvard University, St Peter’s College and Nuffi eld College, Oxford.  Business:Thirteen years with Goldman Sachs in London, Tokyo, In addition, Carney played a signifi cant role selling Canadian New York and Toronto. government interests in the oil and gas company PetroCanada in  Canada: Deputy Governor of the Bank of Canada from August 2003. 2004, and netted government coffers hundreds of millions of dol- Appointed Associate Deputy Minister of Finance in November 2004 lars more than anyone had predicted possible. and Governor of the Bank of Canada on 1 February 2008. The two deals convinced Flaherty to recommend Carney for  International: Chairman of the Financial Stability Board. the top job at the Bank of Canada, a role he assumed in Feb-  Personal:Married to British-born economist Diane Fox with whom ruary 2008 when the world economy was plunging into he has four daughters. recession.  globalfirst quarter 2013 www.global-briefing.org l51


Global 13
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