Hon. Derick Milton Latibeaudiere,
OJ is the former governor of
Jamaica
Jamaica (; ) is an island country situated in the Caribbean Sea. Spanning in area, it is the third-largest island of the Greater Antilles and the Caribbean (after Cuba and Hispaniola). Jamaica lies about south of Cuba, and west of His ...
's
central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central b ...
, the
Bank of Jamaica (BOJ) from 1996 to 2009. He took office as governor of the bank on 1 April 1996 and was the first member of the Bank' s staff to have been appointed to this position. Latibeaudiere also served as Chairman of the Board of Governors of the
Bank of Jamaica and is Jamaica's Alternate Governor to the
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...
(IMF). He resigned as governor on 30 October 2009.
Personal Loan Scandal
In August 2008 information surfaced that Governor Latibeaudiere borrowed 51 million Jamaican dollars from the central bank to construct a house and furnish and landscape the grounds. The scandal began when it was brought to light that there was no evidence that the loan had been properly collateralised.
Involvement outside the Bank of Jamaica
Latibeaudiere also serves as Chairman of the Board of Directors of the Sugar Company of Jamaica (SCJ)
and its subsidiary companies. He is a member of the Board of the Jamaica Deposit Insurance Corporation (JDIC) and was appointed Special Advisor on Racing to Jamaica's
Minister of Finance
A finance minister is an executive or cabinet position in charge of one or more of government finances, economic policy and financial regulation.
A finance minister's portfolio has a large variety of names around the world, such as "treasury", " ...
and Planning. Latibeaudiere also served as director of the country's national airline,
Air Jamaica
Air Jamaica was the national airline of Jamaica. It was owned and operated by Caribbean Airlines from May 2011 until the cessation of operations in 2015. Caribbean Airlines Limited, headquartered in Piarco, Trinidad and Tobago, had administrati ...
.
See also
*
Bank of Jamaica
*
Jamaican dollar
References
External links
Governor of the Bank of JamaicaEXECUTIVE PROFILE Derick Latibeaudiere O.J
1951 births
Living people
Governors of the Bank of Jamaica
Jamaican businesspeople
University of the West Indies alumni
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