Grenadian chosen as new ECCB Governor

Timothy Antoine

Timothy Antoine will officially assume office next month.

 

BASSETERRE, St Kitts, Monday January 11, 2016 – A Grenadian has been chosen as the new Governor of the Eastern Caribbean Central Bank (ECCB) to replace the retired Sir Dwight Venner who spent 26 years at the helm of the bank.

Timothy Antoine, Grenada’s Permanent Secretary in the Ministry of Finance for 14 years, will officially assume office on February 1.

He edged out the other top-ranked candidate in interviews conducted by the Monetary Council, the ECCB’s highest decision making body, according to a release from the St. Kitts-based bank.

In welcoming Antoine, Anguilla’s Chief Minister Victor Banks, who is Chairman of the Monetary Council, said the incoming governor is “an outstanding Caribbean professional with a clear vision for the ECCB and demonstrated commitment to the development of the Eastern Caribbean Currency Union”.

Antoine 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.

He has served as director on several regional boards including the Caribbean Development Bank and the Caribbean Catastrophe Risk Insurance Facility and also served as Advisor to the Executive Director for Canada, Ireland and the Caribbean at the World Bank Group from 2005-2007.

Antoine’s predecessor Sir Dwight retired on November 30, 2015 from the position he held since December 1989.

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