Sheryl Kennedy

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Toronto

Previous Experience

  • Chief Executive Officer, Promontory Financial Group Canada ULC 
  • Deputy Governor, Bank of Canada
  • Senior Adviser, International Strategy, Scotiabank, Toronto, Ontario
  • General Director, Financial Sector Policy Branch, Department of Finance, Canada
  • Director, Economic Policy Branch, Department of Finance, Canada
  • Energy and Resource Policy, Department of Finance, Canada
  • Policy and Coordination, Canada Oil and Gas Lands Administration
  • Federal-Provincial Relations, Department of Energy, Mines and Resources, Canada
  • Urban Planner, Department of Municipal Affairs, Halifax, Nova Scotia  

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Sheryl Kennedy

Chair, Promontory Financial Group Canada ULC

Sheryl advises clients on a wide range of public policy, business strategy, finance restructuring, governance and risk management issues. She assists clients in assessing regulatory impacts, devising business strategies, and managing risk. Sheryl joined Promontory after a 28-year career in federal public service and a period as a senior adviser for international strategy on executive interchange to Scotiabank in Toronto.

Experience

Sheryl served as the chief executive officer of Promontory Canada from 2009 to 2018. Before joining Promontory, she was the deputy governor of the Bank of Canada from 1994-2008. In addition to sharing collective responsibility for monetary policy and financial system stability as a member of the governing council, she held various executive responsibilities including for financial markets, funds management, banking services, and assessment of the Canadian economy in support of monetary policy. Sheryl chaired the markets committee at the Bank for International Settlements from 2003-2006.  Prior to her service at the Bank of Canada, Sheryl worked for the Department of Finance of the government of Canada, as general director of the financial sector policy branch, and as director of the economic policy branch. She was also finance counselor at the Canadian Embassy in Paris.

Education

  • M.P.A., Kennedy School of Government, Harvard University
  • Bachelor of Environmental Studies, urban and regional planning, with honors, University of Waterloo, Ontario, Canada
  • Courses in finance and financial markets, London School of Economics


Affiliations, Awards, and Civic Engagements

  • 2007 Women in Capital Markets Leadership Award
  • Member of the board of directors of the Canadian Public Accountability Board
  • Trustee of the Anglican Church of Canada Pension Fund


Representative Engagements

  • Evaluated Basel III implications for the banking industry and the economy.
  • Oversaw preparation of recovery and resolution plans.
  • Surveyed over-the-counter derivatives activity and development of industry response to Group-of-20 proposals, including greater use of central counter-parties and increased transparency.

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