Later Banting was named head of a new department of medical research at the University of Toronto, named after him and Charles Best. He became Sir Frederick Banting when he was knighted in 1934.

Sir Frederick Grant Banting, KBE, MC, FRSC (November 14, 1891 – February 21, 1941) was a Canadian medical scientist, doctor and Nobel laureate noted as one of the main discoverers of insulin.