Summerside lawyer appointed to Bank of Canada board

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Derek Key

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."


Organizations: Bank of Canada, University of Alberta

Geographic location: Summerside, Ontario

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Recent comments

  • pei trucker
    November 08, 2012 - 09:37

    Is this the partner of Stephen mc knight from the PNP " files .I wonder ????

  • Again
    November 07, 2012 - 18:43

    Yet another patronage appointment .Harper is having a grand old time . Get some economists on that board not another Tory Lawyer !

    • Nato
      November 08, 2012 - 03:11

      Perhaps you should check his qualifications degrees before spewing garbage.

    • Moose
      November 08, 2012 - 14:09

      At Again: He has an Economics degree dumb@ss. How's that drawing EI treating you?

  • another harper patronage handout
    November 07, 2012 - 15:52

    This is another handout from Harper, while cutting Ei to 30% of Islander work force the almighty Conservative party throws a bone to Summerside of all places? Is this reward for his partners attempt to dislodge Crane, it sure looks like it.

  • Garth Staples
    November 07, 2012 - 15:28

    A great appoint for a fine gentleman. Canada wins.

      November 07, 2012 - 16:43

      Congratulations Mr. Key. A fine appointment.

    • Dan
      November 07, 2012 - 19:27

      Is Garth still hoping that Mike Duffy will take the big one and he will get that Senate seat is has long tried to get.

  • redman
    November 07, 2012 - 14:55

    What would be the KEY to this appointment??