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Application deadline set for new BoJ governor

Wednesday, March 20, 2019

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KINGSTON, Jamaica — With Brian Wynter's 10-year tenure as governor of the Bank of Jamaica (BoJ) set to end in November when his contract expires, Finance Minister Dr Nigel Clarke has established a search committee to help in identifying the new governor.

April 21, 2019 has been set as the deadline for applications for the post of governor.

In recently published newspaper advertisements, the committee invited interested individuals to apply with demonstrations of their qualifications and experience.

“The successful candidate will possess a post-graduate degree in economics, finance or related field, with at least 15 years experience at an executive level in a central bank or within another regulatory authority, the public sector or the financial industry with expertise in monetary policy and financial system stability.

“A PhD in Economics, Finance or related field would be a distinct advantage,” the advertisement advised.

It further noted that the new governor will be required to lead the modernisation of the Central Bank in a context of reform to strengthen its independence by way of the adoption of an inflation-targeting regime.

David Marston, a former BoJ employee and former staffer at the International Monetary Fund, is leading the search committee which is completed by Tony Lewars, Heleen Davis-Whyte, and Gary “Butch” Hendrickson.

The committee is mandated to help the finance minister 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 appointed.

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