Mark Carney Portrait
Article

Former Bank of England Chief Mark Carney to Join Macro Advisory Partners

Published

31st January 2022

Former Bank of England Chief Mark Carney to Join Macro Advisory Partners.
 
By Jason Douglas 
31 January 2022
 
LONDON— Mark Carney, the former head of the central banks of the U.K. and Canada and the United Nations’ point man on climate change and finance, has taken on a new role advising companies on the global economy with Macro Advisory Partners, a consulting firm.
 
Mr. Carney has been appointed Senior Counsellor, the firm said Monday, adding another role to a portfolio of jobs that includes heading up Canadian asset manager Brookfield Asset Management Inc.’s sustainable investment business. Mr. Carney is also the U.N.’s special envoy on climate action and finance, in which he is tasked with persuading the world’s biggest banks and investors to stump up billions of dollars to fight climate change.
 
Macro Advisory Partners, founded in 2013 and based in London, has a roster of European and American clients that include Apple Inc., GlaxoSmithKline PLC and Mastercard Inc. It provides strategic advice for executives on geopolitics and the economy, and counts among its senior staff and advisory board members former diplomats, financiers and business leaders.
 
Mr. Carney’s role will be to advise clients on the global economy and monetary policy, said Nader Mousavizadeh, MAP’s founding partner and chief executive.
 
Major central banks including the Federal Reserve and the European Central Bank are shifting gears as they wrestle with the challenges of the pandemic and in many instances surging inflation, a complex backdrop for company executives to navigate, he said.
 
“We are now looking at an environment or an outlook where the Fed goes one way, the ECB goes another way and the Chinese go another way,” Mr. Mousavizadeh said in an interview. To help clients understand what these shifts mean, “we can’t think of anyone better than Mark,” he said.
 
His role isn’t focused on climate but rather the global economy and the intersection of geopolitics and monetary policy, he added.
 
Mr. Carney’s other jobs, as green investor with Brookfield and an architect of a new global climate finance regime with the U.N., have opened him up to questions about potential conflicts of interest.
 
Mr. Carney has pushed back, saying in a 2021 interview with The Wall Street Journal that criticism of his job at Brookfield “doesn’t make sense” because the company is a founding member of his climate finance alliance and is committed to reducing investments linked to carbon emissions.
 
Mr. Carney said in a statement Monday, “Now more than ever leaders are challenged by the complex intersection of global economic forces, politics and corporate strategy.”
 
The role is part-time and remuneration is a private matter, Mr. Mousavizadeh said.
 

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Macro Advisory Partners provides clients with the strategic insights to navigate the intersection of global markets, geopolitics and policy. 
 
At MAP we empower our clients with a clear and comprehensive understanding of how the political, policy and economic drivers of a fragmenting world will impact the success of their business, now and in the future.
 
As a MAP client you’ll engage with our diverse global network – among them corporate leaders, strategists, former diplomats and policy makers – who will help you interpret and navigate the geopolitical and economic forces impacting your business
 
Whether it’s US-China relations, a fragmenting regulatory environment, volatile monetary policy, regional conflict, supply chain resilience, the global energy transition or cyber security, our strategic counsel shapes the solutions you need for your business to succeed. 
 
 

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A culture of partnership defines our firm – from our exceptional team members to our clients whose long-term interests we see as our own.
 
Our team brings to our strategic counsel a diverse range of global business, finance and government experiences that enable us not only to interpret a changing macro environment for our clients, but also design solutions that enhance their performance and prospects.
 
The principles of independence, integrity and impact define our culture.
 
Our clients include the world’s leading foundations, financial services firms, and technology, telecoms, consumer, energy, logistics, and pharmaceutical companies. Our commitment to them – and to our people – is to deliver every day on our founding mission of building the world’s leading macro advisory firm.
 

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