The process to replace Bank of Canada deputy governor Sylvain Leduc has begun. In a release, the BoC says it has formed a selection committee in partnership with recruiting firm Boyden.

Leduc, who was appointed in 2016 and will leave this month, served as one of two deputy governors that oversee the central bank’s analysis and activities.

The BoC announced in June that Leduc was leaving to return to the Federal Reserve Bank of San Francisco, where he had been vice-president of microeconomic and macroeconomic research before moving to the Canadian central bank.

Read: Implications south of the border as deputy governor departs BoC

For more central bank news, read: 

Banks raise prime rates after BoC announcement

Look beyond optimistic tone of BoC biz survey

Fed officials discussed yield curve, ‘accommodative’ monetary policy

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