New Eastern Caribbean Central Bank Governor Appointed

BASSETERRE, St. Kitts (CMC) – The Monetary Council, the highest decision-making body of the Eastern Caribbean Central Bank (ECCB), has appointed Timothy Antoine as Governor of the institution.

Antoine, a Grenada national, succeeds Sir K. Dwight Venner, who retired last November.

His appointment follows 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, which interviewed the two top-ranked candidates, before making its decision.

In welcoming Antoine, 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 (ECCU).”

Antoine brings to his new position, senior managerial experience, having served as Grenada’s Permanent Secretary in the Ministry of Finance for 14 years.

He also has significant regulatory experience as a member of the ECCB Board for 12 years and as Chairman of the Grenada Authority for the Regulation of Financial Institutions, for the past seven years.

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.

He will officially assume office on February 1.