(Corrects to say that Carney has four children, not two children)
OTTAWA, Oct 4 (Reuters) - Here are key facts about economist Mark Carney, named on Thursday to be Bank of Canada governor for a seven-year term starting Feb. 1, 2008.
Carney, 42, will replace David Dodge who is stepping down at the end of his term.
- Mark Carney — born on March 16, 1965, in Fort Smith, Northwest Territories — will be the youngest central bank chief in the Group of Eight industrialized nations. He is married with four children and has a PhD in economics from Oxford University.
- Carney was a deputy governor at the Bank of Canada, responsible for international issues, from August 2003 to November 2004. In 2004, he left the bank to become senior associate deputy minister of finance, the third-highest ranking official in the ministry. He was also the deputy for G7 affairs.
- Before working for the government, Carney was managing director of Goldman Sachs Canada’s investment banking division and has worked in Asia, Europe, the United States and Canada. He is seen bringing extensive practical knowledge of financial markets and instruments to the central bank.
- Carney was the engineer behind the Canadian government’s 2004 sale of its 19 percent stake in oil producer and refiner Petro-Canada for C$3.2 billion.