The Monetary Council has appointed Mr Timothy Antoine as Governor of the Eastern Caribbean Central Bank (ECCB).
Mr Antoine, a Grenadian national, succeeds Sir K Dwight Venner who retired on 30 November, 2015.
He is the holder of a BSc degree in Economics with Management from the University of the West Indies and a MSc in Social Policy and Planning from the London School of Economics.
The appointment of Mr Antoine followed a process that included identification of suitable candidates by a Search Committee led by Sir Errol Allen, interviewing of these candidates and the submission of recommendations of the Search Committee to the Monetary Council.
The Monetary Council, the highest decision making body of the ECCB, interviewed the two top ranked candidates before making its decision.
The Monetary Council expresses its appreciation of the Search Committee for its service and thanks all the candidates who were considered.
In welcoming Mr Antoine, Mr Victor Banks, Chief Minister of Anguilla and Chairman of the Monetary Council, noted that “Mr Antoine is an outstanding Caribbean professional with a clear vision for the ECCB and demonstrated commitment to the development of the Eastern Caribbean Currency Union.”
Mr Antoine brings to his new position, senior managerial experience, having served as Grenada’s Permanent Secretary in the Ministry of Finance for fourteen (14) years. He also has significant regulatory experience as a member of the ECCB Board for twelve years and as Chairman of the Grenada Authority for the Regulation of Financial Institutions for the past seven years. Mr Antoine is also the Chairman of the Technical Core Committee on Insurance for the ECCU.
The new Governor has served as Director on several regional boards including the Caribbean Development Bank and the Caribbean Catastrophe Risk Insurance Facility. He also served as Advisor to the Executive Director for Canada, Ireland and the Caribbean at the World Bank Group from 2005-2007.
Mr Antoine will officially assume office on 1 February, 2016.
Sir, It important to focus on the economies of the Caribbean. The big stick policy of the ECCB – most recent example – the Asset Management Company which was passed in parliament without the populace being educated was very insulting to us. If the Government is reluctant to educate the people, the onus is on the ECCB to mandate the dessimination of this type of information. It is important to brainstorm on ways to drive the economies of the caribbean in order that we are sustainable and the hardships of the people will not remain. It takes all the sectors to be coordinated in a strategic manner to have a strong vibrant and sustainable eoconomy. Too many sectors work as competition for the other, and this will never work. We have to work in unism to realise a holistic economic. Best wishes to you sir.
The dominican dr. had the title BUT not the experience like this yong man. An advice Sir…..while I congratulate ………remain humble and astute…..BE careful of politicians…….don’t let power go up in your head for you to turn out like what we have for PM in Dominica. God’s Blessing//////////////
This is a very good choice. The Caribbean has a a large pool of very talented young men.
A banker appointee. IMF and World Bank protege. He knows how to follow orders.
Good luck and thank God its and OECS citizen.Charity begins at home.
Good luck mr. Antoine. Please, keep our E.C. $ strong.