Ottawa appoints First Nations member to Bank of Canada board

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OTTAWA – The Canadian government on Thursday filled three vacancies on the Bank of Canada’s board of directors with finance veterans, including Ernie Daniels, likely the first First Nations member on the central bank’s board, said said a bank spokesperson.

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The Board of Directors of the Bank of Canada chooses its Governor and provides general oversight of the management and administration of the institution. The 12 independent directors on the board are appointed by the government for a three-year term.

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Daniels and the other two appointees – David Dominy and Shelley Williams – “bring many years of experience in accounting, capital markets and financial management across all sectors and industries,” Canada’s Department of Finance said in a statement. .

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Daniels, who is from Salt River First Nation in Canada’s Northwest Territories, has over 35 years of financial management experience and is the CEO of the First Nations Finance Authority, a not-for-profit financial organization. , since 2012.

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“To our knowledge,” Daniels is the first member of the board of directors to be from a First Nation in the bank’s nearly 90-year history, a spokesperson said.

Williams is an accountant and has held executive positions in large multinational public companies, while Dominy was most recently chief executive of FIRMA Foreign Exchange Corp., the finance ministry said.

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