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Maureen Carroll was appointed Managing Director of the Currency Department, effective September 1, 2018. In this role, she is responsible for all aspects of the Bank of Canada’s Currency function, including research into and development of new bank note designs and security features, and the supply and distribution of bank notes. She previously served as Deputy Managing Director of the department.

Ms. Carroll joined the Bank in 2003. She served as Assistant Director of Retail Debt Program Management in the former Department of Banking Operations before leaving on secondment in 2008 to become Director of the Central Bank Counterfeit Deterrence Group—a consortium of 35 central banks mandated to develop and implement anti-counterfeiting technologies to protect the currencies of member countries. In 2012, she was appointed Deputy Managing Director of the Information Technology Services (ITS) Department, where she helped lead the delivery of the Bank’s IT strategy and positioned its IT architecture and systems to continue to respond to the Bank’s evolving business needs. Ms. Carroll previously held numerous leadership positions in strategic planning and business development in the private sector.

Ms. Carroll was born in Toronto, Ontario. She has a Bachelor of Chemical Engineering degree from the University of Western Ontario and an MBA from Queen’s University.