BOJ Deputy Governor to Receive National Award

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Jamaica News: Livingstone Morrison’s 36 years of dedicated service to the Bank of Jamaica (BOJ), including his contribution to the reform of the nation’s payment systems has been singled out for recognition by the Government of Jamaica.

He will receive the Order of Distinction (Commander Class) at the National Honours and Awards Ceremony to be held on National Heroes Day, October 15.

Mr. Morrison, who is Deputy Governor for Finance & Technology, Payment Systems & Risk Management, Administration & Technical Services, was instrumental in the diversification of Jamaica’s payment system infrastructure in 2005.

While he was Division Chief of Finance and Technology, he led a team in implementing a number of real-time settlement and depository systems such as JamClear, which facilitates electronic fund transfers between merchant and commercial banks supervised by the BOJ.

This served to improve the county’s negative rating in a report by the Financial Sector Assessment Programme (FSAP), which is a comprehensive analysis of a country’s financial sector done by the World Bank and the International Monetary Fund (IMF).

Mr. Morrison, in an interview with JIS NEWS, says he considers the payment system reform “a phenomenal accomplishment” that he could not have achieved alone.

“The accomplishments that I’ve had have a lot to do with the people that have served with me and the people who I have been privileged to lead. I’ve had some really fantastic team members and support teams over the years,” he admits.

Livingstone Morrison began working with the BOJ as a young high school graduate after he made the decision to spare his family the financial burden of his tertiary education and become a breadwinner instead.

Fortunately, while at the BOJ, he had the opportunity to pursue higher education while creating a career.

Mr. Morrison was granted study leave to pursue both his Bachelors and Masters degrees in Accounting from the University of West Indies (UWI) and the University of Oxford, respectively.

“I remained loyal because of that experience for one, plus the Bank of Jamaica is a great place to work. There was always something that you could aspire towards and that just kept me going,” he tells JIS NEWS.

The Deputy Governor says he never dreamed of holding the post he now does, and is proud of the fact that he has remained grounded, which he attributes to the values instilled in him by his Kingston College sports coach and mentor, George Thompson.

“Right up to this day I am passionate about punctuality…Respect for people and valuing relationships; he preached that. Those are things that have stayed with me. I am really satisfied that I have not lost myself,” he notes.

Mr. Morrison says he will be sharing the National Award with his team, stating that “at the end of the day, it is the team that wins.”


Source: JIS News

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