The CEO of Goldman Sachs Canada, Timothy Hodgson, has been appointed a special advisor to Bank of Canada governor Mark Carney, the central bank announced Tuesday.

Hodgson will serve for an 18-month term, beginning September 1, with a particular focus on developing and implementing reforms to enhance the resilience of repo and over-the-counter derivatives markets, and increasing the capital adequacy of financial institutions.

He will become senior representative for financial markets in the BoC’s Toronto office, leading a team that is responsible for maintaining the central ank’s relationship with the financial community, and contributing to its analysis of financial markets, institutions, products and regulations. He will also serve as a member of the BoC’s Monetary Policy Review and Financial System Review committees.

“Tim Hodgson is one of Canada’s top investment bankers. He is widely recognized for his exceptional transaction skills and understanding of how markets work. These skills will be invaluable as the Bank works with its partners to design and implement vital reforms,” said Carney, who also worked at Goldman before entering public life.

Born in Winnipeg, Hodgson received his MBA from Ivey School of Business at the University of Western Ontario in 1988 and a B.Com. (Hons) from the University of Manitoba in 1983. Prior to his appointment as CEO of Goldman Sachs Canada in 2005, he held a range of senior positions with Goldman Sachs in its telecom, media and technology group in both New York and California, and in the investment banking services group, covering clients in Canada. Before joining Goldman Sachs in 1990, he worked at Salomon Brothers Inc, Price Waterhouse & Company, and Merrill Lynch Canada Inc.

http://www.bank-banque-canada.ca/en/press/2010/pr290610_adviser.html