SUMMERSIDE – Summerside lawyer Derek Key was appointed to the Bank of Canada’s board of directors Tuesday.
The board provides oversight of the management and administration of the central bank, but does not set monetary policy.
Key has been practising corporate and commercial law with the city’s McInnes Cooper firm for more than 25 years.
He was appointed to the board alongside Phyllis Clark, the University of Alberta’s chief financial officer and a former deputy minister of finance in Ontario.
"Ms. Clark and Mr. Key bring significant financial, management and professional expertise to the Bank's Board," said federal Finance Minister Jim Flaherty in a release.
"I would like to extend my congratulations to them on their appointment, and wish them the very best in their new endeavours."