Toronto –Tiff Macklem, Dean of the University of Toronto’s Rotman School of Management has been appointed Governor of the Bank of Canada, effective June 3, 2020.
“The Canadian economy, like the rest of the world, has entered a time of unprecedented challenges”, said U of T President Meric Gertler. “Looking at Tiff Macklem’s outstanding accomplishments at Rotman over the past six years and his brilliant record at the Bank of Canada before that, I know that his energy, expertise and wisdom will serve the country extremely well.”
“On behalf of everyone at the University of Toronto, I congratulate Tiff on his appointment to this key leadership position in our country, and I thank him for his many exceptional contributions to the Rotman School and to U of T.”
Macklem was appointed Dean of the Rotman School of Management on July 1, 2014 and in November 2018, the University announced his reappointment as Dean.
“Tiff Macklem has raised the international stature of Canada’s top business school, fostered an impressive network of alumni around the world and empowered students, faculty and staff to imbue their work with a remarkable spirit of innovation and collaboration,” said Cheryl Regehr, U of T’s vice-president and provost.
“With the launch of specialized graduate programs and the expansion of experiential learning and multi-disciplinary collaborations, he has left Rotman perfectly positioned to produce world-leading business talent, research and ideas for decades to come.”
Under Dean Macklem’s leadership, with the support of his senior management team, the Rotman School has focused on creating a diverse and inclusive environment where everyone can do their very best work, fostering a global mindset, and building a stronger culture of entrepreneurship and innovation. New specialized graduate management programs in data analytics, risk management, healthcare and life sciences, and accounting have added new depth to the School, and a new partnership with SDA Bocconi School of Management has extended the global reach of the Global Executive MBA program. Innovations have been launched in the Rotman Commerce program, including the introduction of specialized streams and the establishment of a new professional skills centre. New initiatives in the Rotman MBA program, such as the flexible internship and a revised curriculum, have strengthened the student experience and increased diversity. Significant investments in experiential learning and self-development opportunities across Rotman’s programs have also enhanced the learning experience. In Executive Programs, new offerings in leadership, financial innovation, healthcare and AI are meeting growing market demand.
As a research-intensive management school, the outstanding scholarship of the Rotman faculty has continued to be recognized world-wide, and the impact and reach of Rotman’s research have increased with the establishment of new research and education centres, including the Institute for Gender and the Economy, the Financial Innovation Hub in Advanced Analytics, the TD Management Data and Analytics Lab, and The David and Sharon Johnston Centre for Corporate Governance.
The School’s Creative Destruction Lab, a seed stage program for massively scalable, science-based companies, has itself massively scaled up its activities with the support of Dean Macklem, adding new technology streams including artificial intelligence, quantum computing and space, and expanding across Canada and internationally, with locations from Halifax to Vancouver, and in the United Kingdom, France and the United States. Most recently, it launched CDL Recovery to support innovations that directly address critical health or economic recovery challenges created by the global COVID-19 crisis.
In December 2019, a new strategic plan for the Rotman School was launched under Dean Macklem’s leadership with four key goals to ensure the School is a place of bold research, transformative teaching and learning, and dynamic public engagement. A Catalyst for Change builds on the successful implementation of the previous plan and leaves the Rotman School well-prepared for the future.
The Rotman School of Management is part of the University of Toronto, a global centre of research and teaching excellence at the heart of Canada’s commercial capital. Rotman is a catalyst for transformative learning, insights and public engagement, bringing together diverse views and initiatives around a defining purpose: to create value for business and society. For more information, visit www.rotman.utoronto.ca
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