Debt doyenne departs
Pamella McLaren has gone on early retirement leave and has left the Ministry of Finance and her role as director of the Debt Management Unit.
McLaren joined the public service in 1978 at the Bank of Jamaica, moving into debt management in 1983. She joined the Ministry of Finance in 1998, where she helped to set up the Debt Management Unit.
Her portfolio included debt policy and strategy formulation, resource mobilisation, debt recording and monitoring, and registrar and payment functions.
In 2010, the
Private Sector Organisation of Jamaica officially commended McLaren for
her "exemplary leadership" in the implementation of Jamaica's first debt
exchange, JDX, which swapped out J$702 billion of GOJ bonds.
Steven Gooden gets a boost
Stephen Gooden has stepped into the position of CEO of NCB Capital Markets, a promotion from deputy CEO.
Gooden has seven years of experience at senior management level. He was previously vice-president and general manager at Pan Caribbean Asset Management, moving there after his first role at NCB Capital Markets where he had worked from 2004 to 2006.A graduate of the University of the West Indies, Gooden is also a chartered financial accountant and holds a master's in finance and economics from the University of Southampton in the UK.
Dennis Cohen is now group finance and deputy managing director at National Commercial Bank Jamaica (NCB) effective September 26. The finance portfolio is a new responsibility for the NCB executive who, as a consequence, has also been stripped of his role as CEO of wealth subsidiary NCB Capital Markets Limited, according to a recent announcement from the bank.
Cohen will retain oversight of the group's insurance and wealth-management business segments, as well as group financial reporting. Finance was formerly the portfolio of Yvonne Clarke, who is no longer with the banking group.
Cohen joined NCB in 2004 as group chief financial officer after 10 years at Citibank NA Jamaica. Prior to his shift into banking, Cohen was employed to PricewaterhouseCoopers as a senior accountant.
Compiled by Richard Browne