Former Bank of England Governor joins London consultancy

Mark Carney has a new part-time gig with a London-based economic consulting firm. Carney takes the role with Macro Advisory Partners having previously headed the national banks of both England and Canada.

Founded in 2013, Macro Advisory Partners is a global advisory firm, providing leading investors, corporations, and governments with the strategic insights required to navigate the intersection of global markets, geopolitics and government policy in a volatile world. The firm’s clients include foundations, financial services firms, and technology, telecoms, consumer, energy, logistics, and pharmaceutical companies.

The firm lists 17 senior advisers or counsellors on its website, including academics and former officials of the United Nations, European Commission and Obama administration. Adding to that profile, Mark Carney has taken on a role as Senior Counsellor with Macro. As reported by the Wall Street Journal, he will now advise the firm’s clients on issues “such as the global post-pandemic economy, the impact of fiscal and monetary policy-making on international markets, the evolving digital currency landscape and the outlook for global trade.”

Nader Mousavizadeh, MAP Founding Partner and CEO, said, “I am delighted that Mark is joining our firm as Senior Counsellor. Our clients look to us for advice in navigating a global economy defined by rising inflation pressures, US-China competition, geopolitical volatility, a complex energy transition, cyber risk and transformative digitalisation.”

Born in Canada, Carney is an economist and banker who has served as Governor of the Bank of Canada from 2008 to 2013 and the Governor of the Bank of England from 2013 to 2020. Alongside his position at Macro, he will retain his role with Toronto based Brookfield Asset Management, where he is presently Head of environmental, social and governance (ESG) and impact investing, promoting Brookfield’s Global Transition Fund.

Speaking on his role, Carney noted, “I am thrilled to join Macro Advisory Partners to advise clients on their strategies in the face of rapidly shifting macroeconomic dynamics and geopolitical forces. Now more than ever leaders are challenged by the complex intersection of global economic forces, politics and corporate strategy, and I look forward to working with MAP’s leadership in counselling the firm’s clients to success.”