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Finance Minister Joe Oliver announced the appointments of Norman Betts and Alan Borger to the Board of Directors of the Bank of Canada on June 18 in Ottawa.

Dr. Betts is an associate professor in the University of New Brunswick’s (UNB) faculty of business administration and is the former Minister of Finance for New Brunswick.

Mr. Borger is president and chairman of the Board of Ladco Company Limited and chairman of Borland Construction Inc.

"I am pleased to announce the appointments of Norman Betts and Alan Borger to the Bank of Canada's Board of Directors,” said Finance Minister Joe Oliver. “With their collective expertise in the areas of accounting, finance, business administration, politics and law, spanning both the public and private sectors, they bring a wealth of varied and valuable experience to this important institution."

Dr. Betts has an accomplished career in accounting and finance and vast experience in the public and private sectors as well as academia. He is an expert in accounting regulations, and has extensive experience in audits, risk management, governance and oversight.

“This prestigious appointment is very well-deserved,” said UNB President Eddy Campbell. “We’re fortunate not only to have Norm contributing to research and teaching at UNB but representing faculty on our board of governors as well. He’s a tremendous asset.”

Dr. Betts obtained his bachelor of business administration degree at UNB in 1978 and a PhD in management with a concentration in accounting and finance from Queen’s University’s School of Business in 1992. He also holds a Fellow Chartered Accountant designation.

The role of the Bank of Canada Board of Directors is to provide general oversight of the management and administration of the bank with respect to strategic planning, financial and accounting matters, risk management, human resources, and other internal policies.