Kingston, Jamaica: Well known experienced Banker Richard Byles will be the next Governor of the Bank of Jamaica. Mr. Byles will succeed Brian Wynter who demits office in August this year.
Minister of Finance and the Public Service Dr. Nigel Clarke made the announcement today (June 13) informing that Mr. Byles will take over officially on August 19. Dr Clarke informed “In January of this year, I appointed a Search Committee chaired by Mr. David Arston to lead an open and transparent search for a new Central Bank Governor and I am pleased that the search process has yielded an eminently qualified, experience and credible leader in Mr. Richard Byles to succeed Mr. Brian Wynter as the Governor of the Bank of Jamaica”.
Byles; who has been in business and finance for over 40 years, is one of the most accomplished corporate leaders of his generation. He was appointed Managing Director of Pan Caribbean Merchant Bank in 1998 before his appointment as CEO of the Pan Jam group, a leading diversified conglomerate in 1991. He led Pan Jam for 13 years before taking over as CEO of Sagicor Jamaica in 2014.
Byles; who holds BSc and MSc degrees in Economics and National Development, retired as CEO of Sagicor Jamaica in 2017 and was appointed non-executive Chairman in that same year. Byles was Co-Chair of the Economic Programme Oversight Committee (EPOC) formed to monitor Jamaica’s performance under its IMF agreement.
The Ministry said a BOJ subcommittee, led by BOJ General Counsel Karen Chin Quee Akin, has been appointed to assist Byles in the transition including complying with BOJ governance requirements.
[Contributed by His Excellency Professor Colin O Jarrett]