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Richard Byles To Be Next BOJ Governor

Richard Byles, former CEO of Sagicor Jamaica, is to be the new Governor of the Bank of Jamaica (BOJ).   Finance Minister Nigel Clarke on Thursday announced that Cabinet has endorsed Mr. Byles‘s selection.   Mr. Byles, who will succeed Brian Wynter on August 19, has had a 40-year career in business and finance.   He was appointed Managing Director of Pan Caribbean Merchant Bank in 1988 before his appointment as CEO of the Pan Jam group in 1991.    He led Pan Jam for 13 years before taking over as CEO of Sagicor Jamaica in 2004.    Mr. Byles was also Co-Chair of the Economic Programme Oversight Committee (EPOC) which was formed to monitor Jamaica’s performance under its IMF agreement.