Focus On

Former Bank of Canada governor to join Osler as special adviser

Monday, June 22, 2020 @ 12:46 PM | By John Chunn

Osler, Hoskin & Harcourt LLP announced that Stephen Poloz is joining the firm as a special adviser, effective Aug. 1, 2020.

According to the firm’s press release, Poloz, the governor of the Bank of Canada (BOC) for the past seven years, has helmed Canada’s monetary policy and oversight of the operation of the country’s financial system which also involved regular collaboration with his counterparts at the Bank for International Settlements.

He has worked closely with leaders of financial institutions, pension funds and market regulators, and contributed to the global financial response to the COVID-19 pandemic. As president and chief executive officer of Export Development Canada (EDC), he worked with Canadian companies focused on international trade and supported Canadian investments in foreign countries as well as working with international buyers of Canadian exports. 

“As a highly respected economist and adviser to governments, business leaders and trade organizations, Stephen is well positioned to provide our clients with his strategic insights as they adapt their business strategies to meet the extraordinary challenges and opportunities ahead. And having guided Canada’s monetary response particularly through the turbulent period of the past six months, that experience has further demonstrated Stephen’s singular ability to convey complex financial and market information in an accessible and practical way,” said Osler managing partner Doug Bryce.

Shahir Guindi, Osler’s co-chair said: “Like many of our partners, I have the privilege of advising clients who are global private equity investors, high growth businesses and other established Canadian and international companies. All of them are trying to understand Canada’s new and dynamic market realities for maintaining growth and engaging in international trade and development prospects. Stephen’s experience with the BOC and EDC brings added depth to his understanding of how companies will need to connect with others as they re-engage with customers and navigate new rules and regulations both at home and abroad. We couldn’t be more delighted to have him join our firm.”