The Bank of Canada has announced two appointments to its governing council, elevating Marc-Andre Gosselin and Nicolas Vincent to deputy governor positions.
Marc-Andre Gosselin has been with the Bank of Canada since 1999. In his new capacity he will be responsible for overseeing analysis of domestic economic developments. His elevation to the central bank's governing council is scheduled for May 25.
Nicolas Vincent has been serving as an external deputy governor since 2023. Under his promotion to deputy governor, Vincent will take on oversight of analysis related to international economic developments and will serve as the Bank of Canada's deputy for G-7 and G-20 matters. He is set to become a deputy governor on August 3.
The central bank additionally stated that it will initiate a recruitment process to fill the vacant external deputy governor position created by these changes.
The appointments specify the date each official will formally assume their deputy governor duties and outline the particular analytical responsibilities assigned to each. Gosselin's remit will focus on domestic economic analysis while Vincent's responsibilities will centre on international economic developments and representation in G-7 and G-20 contexts. The bank's announcement also makes clear that a formal hiring process will be launched to identify a replacement for the external deputy governor role.
This set of personnel moves adjusts the composition of the governing council and clarifies which members will lead specific analytical areas within the institution. The bank provided dates for the commencements of each new post and confirmed the intention to recruit for the open external role.
Further procedural details about the recruitment process or the interim handling of duties prior to the formal start dates were not included in the statement.