Derick Latibeaudiere
Derick Milton Latibeaudiere | |
|---|---|
| Born | June 9, 1951 |
| Occupation(s) | Central banker, business executive |
| Known for | Governor of the Bank of Jamaica (1996–2009) |
Derick Milton Latibeaudiere (; born 9 June 1951) held the position of governor at Jamaica's central bank, the Bank of Jamaica (BOJ), from 1996 until 2009. He was notably the first individual promoted from within the institution to occupy this post, beginning his tenure on 1 April 1996. In addition to his gubernatorial duties, Latibeaudiere presided over the BOJ's Board of Governors and represented Jamaica as the Alternate Governor to the International Monetary Fund (IMF). He stepped down from his role on 30 October 2009.
Personal Loan Controversy
In August 2008, reports surfaced revealing that Latibeaudiere had obtained a loan amounting to 51 million Jamaican dollars from the BOJ, intended for home construction and landscaping purposes. The issue sparked debate due to a lack of documentation confirming that the loan was adequately secured by collateral.
Activities Beyond the Bank of Jamaica
Outside his responsibilities at the BOJ, Latibeaudiere occupied several significant leadership positions. He served as Chairman of the Board for the Sugar Company of Jamaica (SCJ) and its affiliated entities. His governance roles extended to membership on the board of the Jamaica Deposit Insurance Corporation (JDIC). Furthermore, he acted as a Special Advisor on Racing to Jamaica’s Minister of Finance and Planning and held a directorship at Air Jamaica, where he contributed to guiding strategic decisions in the national airline industry.