Tiff Macklem

Rotman School of Management

Tiff Macklem began his five-year term as Dean of the University of Toronto’s Rotman School of Management on July 1, 2014. Tiff Macklem served as Senior Deputy Governor of the Bank of Canada, sharing responsibility with the Governor and four Deputy Governors for monetary policy and the Bank’s role in promoting financial stability. In that role, he was also the Bank’s Chief Operating Officer and a member of its board of directors, overseeing strategic planning and coordinating the Bank’s operations. Macklem has also played a leading role in efforts to ensure stable financial systems worldwide through the G20 and the Financial Stability Board.

Prior to his appointment at the Bank, Macklem served as Associate Deputy Minister of the federal Department of Finance and Canada’s Finance Deputy at the G7 and G20. He also served as chair of the Standing Committee on Standards Implementation of the Financial Stability Board. In that role, he worked to establish an international system of peer review to promote and assess the implementation of new financial standards across the 24 most financially important countries in the world. Macklem occupied increasingly senior positions in the Bank of Canada’s Research Department (now Canadian Economic Analysis) until his appointment as Chief in January 2000.

He was appointed Adviser to the Governor in August 2003. In 2003-4, he was seconded to the Department of Finance, returning to the Bank as a Deputy Governor in December 2004. He re-joined Finance as Associate Deputy Minister in 2007. Macklem is a well-known expert in monetary and financial systems and has contributed articles to such publications as The Economic Journal, Journal of International Money and Finance, Canadian Public Policy, and the Canadian Journal of Economics, while providing chapters and commentaries on monetary, fiscal, and financial policies in over a dozen books and conference proceedings.