Mon | Feb 18, 2019

Search on for new BOJ governor

Published:Wednesday | January 23, 2019 | 5:43 PM
Brian Wynter
Brian Wynter

The search is on for a new governor for the Bank of Jamaica.

The new governor will replace Brian Wynter whose contract is due to come to an end in November.

In a statement issued Wednesday afternoon, Finance Minister Dr Nigel Clarke said in 2017 Wynter was asked to extend his appointment for two years to advance specific reforms and to play a central role in the formulation and consideration of the reform of the Bank of Jamaica Act.

The extension would bring to 10 years Wynter’s tenure at the Central Bank.

“He has successfully achieved the goals agreed at that time. With these achievements and the expectation of timely parliamentary approval of the legislative amendments to modernise the Bank of Jamaica Act, it is time to shift to the next phase in the leadership and governance of the BOJ,” the minister said.

Clarke said the search for a new Central Bank Governor will be in keeping with the principles of transparency and good governance.

He also announced that David Marston, a former Bank of Jamaica employee and former staffer at the International Monetary Fund will lead the search committee comprising.

Other committee members:

Tony Lewars
Heleen Davis-Whyte
Gary ‘Butch’ Hendrickson

Clarke said the committee members will help him to identify a shortlist of suitable candidates for the position from which he will make a submission to the Cabinet.

The Cabinet will then recommend to the Governor General the individual to be appointment.

“The process will seek to identify the best-suited candidate to lead the newly modernised Bank of Jamaica in achieving its mandate to serve the interests of the people of Jamaica,” Clarke said.

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