Dr. the Hon. Nigel Clarke, Minister of Finance and the Public Service announces the commencement of the search for a new governor of the Bank of Jamaica ("BOJ") who would be expected to succeed Governor Brian Wynter on the completion of his term of appointment in November 2019.
Minister Clarke stated the following:
"As announced in 2017, Governor Wynter was asked to extend his appointment as Governor for a further two years, to a total tenure of ten years, in order to advance specific reforms and to play a central role in the formulation and consideration of the reform of the Bank of Jamaica Act.
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.
As such, the process of identifying the new Governor, who will lead the BOJ into the next phase, has commenced. The process will take place in keeping with the principles of transparency and good governance.
To this end, Mr. David Marston, an eminent Jamaican who worked at the Bank of Jamaica prior to having a long and distinguished career at the IMF has agreed to lead a search committee comprising: Mr. David Marston (Chairman), Mr. Tony Lewars, Ms. Heleen Davis-Whyte and Mr. Gary "Butch" Hendrickson that will assist me in identifying a shortlist of suitable candidates for the position from which I will make a submission to Cabinet concerning the individual to be recommended to the Governor General for appointment in accordance with the Bank of Jamaica Act.
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."
For further information contact:
Communication & Public Relations Branch
Ministry of Finance and the Public Service
30 National Heroes Circle
Tel: (876) 932-4656/4660/4655
Contact: Elaine Oxamendi Vicet / Daniel Passley