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HON. DERICK MILTON LATIBEAUDIERE O.J

Derick Latibeaudiere, took office as Governor of the Bank of Jamaica (BOJ) on the 1st April 1996 and is the first member of the Bank' s staff to have been appointed to this position. Mr. Latibeaudiere also serves as Chairman of the Board of Governors of the Bank of Jamaica and is Jamaica's Alternate Governor to the International Monetary Fund (IMF).

Mr. Latibeaudiere was born on June 9,1951. He received a Bachelor of Arts degree in Economics and Mathematics in 1974, and a Masters in Economics in 1975, both from the University of the West Indies. Mr. Latibeaudiere has also participated in a number of advanced courses in central banking studies and in management, at the IMF Institute, the Federal Reserve Bank in New York, the Bank for International Settlements in Switzerland and at Oxford University.

A career central banker, Mr. Latibeaudiere joined the staff of the Bank of Jamaica in 1975. Between 1979 and 1983, he was seconded to the Caribbean Development Bank (CDB) in Barbados as a Country Economist where he developed a sound knowledge of the economies of the English-speaking Caribbean countries. He returned to the Bank of Jamaica in 1983 and worked in various positions until 1988 when he was appointed Deputy Governor. He became Senior Deputy Governor in 1995, and in 1996 was appointed Governor and Supervisor of Banks. In 2000, he was appointed Chairman of the newly established Financial Regulatory Council, the body responsible for coordinating the regulation of the overall financial system.

Mr. Latibeaudiere is a member of the Board of Air Jamaica Ltd. as well as the Board of the Jamaica Deposit Insurance Corporation. More recently he was appointed Special Advisor on Racing to the Minister of Finance and Planning.

In 1997 Mr. Latibeaudiere was awarded the Carlton Alexander Award for Excellence by his alma mater, Jamaica College, and on August 6, 2002 he received the country's fourth highest national award, the Order of Jamaica, for his services to central banking and finance.