Prime Minister Mark Carney has formally announced that Canadian financier Mark Wiseman will serve as the next ambassador to the United States.

Mr. Wiseman will assume the role on Feb. 15, at a pivotal moment for Canada’s relationship with the U.S., Mr. Carney said in a statement Monday.

“Mark Wiseman brings immense experience, contacts, and deep commitment at this crucial time of transformation of our relationship with the United States,” he said.

“As a core member of our negotiating team, he will help advance the interests of Canadian workers, businesses, and institutions, while building opportunities for both Canada and the United States.”