TORONTO, June 7 The Bank of Canada has appointed
former Merrill Lynch executive Lynn Patterson as special adviser
to new governor Stephen Poloz, the central bank said on Friday.
Patterson, who stepped down in April as president of Merrill
Lynch Canada and worked in bond sales at Goldman Sachs in the
1990s, will serve a two-year term at the central bank as senior
representative of financial markets.
"Lynn's expertise will help us better understand market
developments and will support our work to make the Canadian and
global financial systems safer and more resilient," Poloz, who
officially replaced Mark Carney as the bank's governor this
week, said in a statement.
Patterson succeeds Evan Siddell, who took on the role in
Her markets background should complement Poloz, who was most
recently president of Export Development Canada, but lacks
private sector markets experience.
"I guess it's a little bit of a weak spot compared to Mr.
Carney," said Doug Porter, chief economist at BMO Capital
Carney, who like Patterson is a former Goldman Sachs
executive, will take on the top job at the Bank of England in