The prime minister has introduced that veteran govt Michael Sabia would be the subsequent deputy minister of Finance.

He’ll take the job efficient Dec. 14.

Sabia replaces Paul Rochon, who will develop into senior official on the Privy Council Workplace.

Sabia is at the moment director on the Munk Faculty of International Affairs and Public Coverage and chair of the board on the Canada Infrastructure Financial institution.

He beforehand labored on the Division of Finance and the Privy Council Workplace earlier than becoming a member of the personal sector and brings a substantial amount of company expertise to the job.

He’s a former chief govt of the Caisse de depot et placement du Quebec and a former chief govt of BCE Inc.

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