The Bank of Canada is losing another senior staffer, announcing Thursday that deputy governor David Longworth will retire next March.

Longworth, who plans to retire on March 31, 2010, is the second senior executive at the central bank to announce his departure in a month.

At the end of October, senior deputy governor Paul Jenkins announced he will leave at the end of his term in April 2010.

A new deputy governor will be appointed after the current recruitment process for Jenkins replacement is completed, the Bank of Canada said.

Longworth joined the central ank in 1974 and was appointed to his current post in 2003, with particular responsibility for the financial system and financial markets.

“Over the past two years David Longworth has made an outstanding contribution through his work, domestically and internationally, to restore stability to the financial system,” said Mark Carney, governor of the Bank of Canada.

IE