The Bank of Canada has named Line Rivard, a former managing director at BMO Nesbitt Burns Inc., as special adviser to the Governor on Tuesday.
The central bank says she will advise the governing council on a range of financial system issues.
The Bank of Canada uses special advisers to help bring in outside perspectives to the central bank.
Rivard will lead an examination of the role of the financial system in supporting the building of new economic capacity.
She also serves as a member of the board at Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, and grocery retailer Metro Inc.
Rivard joins Lynn Patterson as a second special adviser at the central bank.
Patterson, the former president and country head for Merrill Lynch Canada, started a two-year term as a special adviser last year.
Previous special advisers have been banking executives and academics including Jean Boivin, who later joined the central bank as a deputy governor before moving to the federal Finance Department to become an associate deputy minister.