Canada's Finance Minister Joe Oliver (R) makes remarks to the press as Canada's G7 and G20 Deputy Minister Jean Boivin listens during the IMF/World Bank's 2014 Spring Meetings in Washington April 11, 2014.Mike Theiler/Reuters
Jean Boivin, the second highest ranking official at Canada's finance department, will be joining BlackRock Inc. as their deputy chief investment strategist.
Mr. Boivin's departure from the finance department was announced last week. He spent less than two years at the department. Prior to that, he was a deputy governor at the Bank of Canada. There is some expectation that Mr. Boivin could one day be a contender for the job of Bank of Canada governor.
Mr. Boivin will be based in London, working with the BlackRock Investment Institute, which does in-depth research that BlackRock provides to clients.
Mr. Boivin's "vast knowledge of the global financial and economic landscape and deep policymaking experience are invaluable assets to the BII," said Lee Kempler, executive director of the BlackRock Investment Institute. "As BII expands its effort to deliver meaningful investment ideas to the firm and its stakeholders, we're confident that Jean will help us deliver on those mandates."