Minister of Finance Ralph Goodale today announced the appointment of Tom Rice to the board of directors of the Bank of Canada.

Rice is the founder of Rice Financial Group and Rice Capital Management — now Winnipeg-basedJovian Capital Corp., of which he is the Chairman.

Jovian has interests in a number of financial services and wealth management firms. Companies under the Jovian umbrella manage more than $8 billion in client assets through more than 87 locations across Canada.

Rice also serves as a board member of the Brandon University Foundation in Brandon, Manitoba.

“Mr. Rice brings extensive business experience and a strong financial background to his new role,” Goodale said.