OTTAWA (Reuters) - Bank of Canada Deputy Governor Sheryl Kennedy will step down as of December 1 to "pursue other interests," the central bank announced on Monday.
Kennedy, who is one of six members of the bank's governing council responsible for interest rate decisions, has worked at the central bank since being appointed as a deputy governor in 1994.
"There is never a good time to move on, but after 14 years as deputy governor, it is time to open a new chapter in my career," Kennedy said in a statement.
She is one of two deputy governors responsible for assessing domestic and international economic developments.
The bank said it will launch a recruitment process shortly to fill her position.
Before joining the Bank of Canada, Kennedy held various positions in the Department of Finance. She holds a master's degree in public administration from Harvard University and studied finance and financial markets at the London School of Economics, according to the bank's website.
Mark Carney, who became Bank of Canada governor in February, expressed appreciation for Kennedy's contributions and also highlighted her role as chairwoman of the Bank for International Settlements (BIS) markets committee from 2003 to 2006.
(Reporting by Louise Egan; Editing by Peter Galloway)
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