KERON Burrell, chief prudential officer in the Financial Institutions Supervisory Division (FISD) at Bank of Jamaica, will today take up his secondment to the Financial Services Commission (FSC) as executive director.

The secondment of Burrell is against the background of the resignation of Everton McFarlane as executive director of the FSC effective January 31, 2023. McFarlane’s resignation came in the wake of a 13-year multi-billion-dollar fraud at Stocks and Securities Limited.

Burrell has been chief prudential officer at the central bank since August 2022. Before then he served in several other capacities at Bank of Jamaica since 2008, including as deputy division chief, regulations and policy, and as director of the Policy, Research, Methodology and Development Department.

Burrell holds a Master of Science in Accounting and a Bachelor of Science in Economics and Accounting from The University of the West Indies, Mona.

He is a chartered manager and member of the Chartered Management Institute and is a Fellow of the Institute of Chartered Accountants of Jamaica (ICAJ). He also has membership in the Association of Certified Fraud Examiners, the Association of Certified Anti-Money Laundering Specialists, the Association of Certified Financial Crimes Specialists, the Association of Certified Fraud Specialists, and the International Association of Counterterrorism and Security Professionals.

Burrell’s certifications include being a certified anti-money laundering specialist, certified financial crimes specialist, certified fraud examiner, and a certified fraud specialist.

Burrell is a serving member of the Third Battalion, the Jamaica Regiment National Reserve (3JR (NR), where he is currently the acting commanding officer.

As a result of the secondment of Burrell to the FSC, Decoda Martin, head of Examination Department I at BOJ, has been appointed to act as chief prudential officer, FISD, effective February 1, 2023. Martin has a wealth of experience in bank supervision and has been employed to Bank of Jamaica for over 14 years. She is a chartered financial analyst with a postgraduate degree in economics and finance for development from the University of Bradford, United Kingdom, and an undergraduate degree in banking and finance from The University of the West Indies.