The search is on for a new governor for the Bank of Jamaica.

The new governor will replace Brian Wynter whose contract is due to come to an end in November.

In a statement issued Wednesday afternoon, Finance Minister Dr Nigel Clarke said in 2017 Wynter was asked to extend his appointment for two years to advance specific reforms and to play a central role in the formulation and consideration of the reform of the Bank of Jamaica Act.

The extension would bring to 10 years Wynter’s tenure at the Central Bank.

“He has successfully achieved the goals agreed at that time. With these achievements and the expectation of timely parliamentary approval of the legislative amendments to modernise the Bank of Jamaica Act, it is time to shift to the next phase in the leadership and governance of the BOJ,” the minister said.

Clarke said the search for a new Central Bank Governor will be in keeping with the principles of transparency and good governance.

He also announced that David Marston, a former Bank of Jamaica employee and former staffer at the International Monetary Fund will lead the search committee comprising.

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