The Bank

Past Governors

Dr. Marion Williams

Dr. Marion Williams served as Governor of the Central Bank of Barbados from 1999 to 2009.

She has worked in the area of economics and finance for most of her working life.  She holds a Ph.D. from the University of Surrey and a Masters Degree in Economics from the University of the West Indies.  She is a Fellow of the Institute of Bankers (FCIB) of the U.K., and a Certified Management Accountant (CMA).  Dr. Williams was the first President and a founding member of the Barbados Institute of Banking and Finance.  She is a former Chairman of the Steering Committee of the Caribbean Regional Technical Assistance Centre (CARTAC) and Chairman of the Executive Committee of the Caribbean Centre for Monetary Studies (CCMS).  In 2006 Dr. Williams was the recipient of the Award of Honorary Fellow of the Caribbean Association of Banking and Financial Institutes (CABFI).  She received a national honour of Gold Crown of Merit by the Government of Barbados in 2006.

She has represented the Bank at several meetings and conferences, both regionally and internationally; has published articles in local, regional and international journals, and has served on many advisory boards and committees.  She is the author of three books “Liberalising a Regulated Banking System: The Caribbean Case”, published by Avebury, “Managing Public Finances in a Small Developing Economy – The Case of Barbados”, published by Praeger, and “Strategic Repositioning:  A Caribbean Perspective on Economic Policy Making”, published by the Central Bank of Barbados.

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Mr. Winston Cox

Mr. Winston Cox served as Governor from September 1997 to April 1999. Before taking up the position of Governor, Mr. Cox was the Alternate to the Executive Director for Canada, Ireland, Bahamas, Barbados, Jamaica, Guyana and the members of the Organisation of East Caribbean States on the Board of the World Bank, a position in which he served from 1994.

After graduating from the University of the West Indies in 1970 with a Bachelor’s degree in economics, Mr. Cox began his public service career in the Ministry of Health, where he set up the Health Planning Unit. He remained with the Ministry of Health until 1974 when he joined the Research Department of the Bank as an economist after completing his MSc. (Economics) at the Institute of Social Studies in Holland. He remained with the Bank until 1987 and during this period he became the Deputy Director of the Research Department and Adviser to the Governor.

In 1987, Mr. Cox joined the Ministry of Finance and Planning as Director of Finance and Planning (later Director of Finance and Economic Affairs in the renamed Ministry of Finance and Economic Affairs). In 1991, he moved to the private sector and served as Chairman of Barbados Sugar Industries Ltd until 1992 when the United Nations Development Programme appointed him as Fiscal Adviser to the Government of Grenada. He served in this capacity until 1994 when he joined the Board of the World Bank.

After leaving the Bank Mr. Cox served for a year as an Adviser in the International Monetary Fund and from September 2000 to June 2006 he was Deputy Secretary-General of the Commonwealth.  He is currently the Alternate Executive Director for Bahamas, Barbados, Jamaica, Guyana and Trinidad and Tobago at the Inter-American Development Bank.

Mr. Cox is married to Ms. Sylvia Potvin and they have five children.

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Mr. Calvin Springer

Mr. Calvin Springer assumed the duties of Accountant with the Central Bank of Barbados on December 4,1972.  Before joining the Bank, he was employed in the Civil Service where he served in the Auditor General’s and Accountant General’s Departments before being promoted to the post of Chief Accountant, Ministry of Finance in 1970.

A Fellow of the Chartered Association of Certified Accountants, he received his training in the United Kingdom where he attended Thurrock Technical College, Grays, Essex and Walthamston Technical College and School of Art.

Mr. Springer served as Accountant at the Central Bank of Barbados from 1972 – 1984.  On January 1, 1985, he was promoted to Director, Operations.  Later, on January 1, 1990, he was promoted to Deputy Governor, Operations and on September 15, 1992, he was appointed Governor, a position he held until September 14, 1997.

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Dr. Kurleigh King

The late Dr. Kurleigh King assumed the duties of Governor of the Central Bank of Barbados on September 15, 1987.

A former Barbados Scholar and Economist by training, Dr. King served with distinction as the General Manager of the Industrial Development Corporation, Director of the Industry Division of the Caribbean Development Bank and as Secretary General of CARICOM.  He was also one of the original members of the Board of the Central Bank of Barbados and served in that capacity until 1974.

Dr. King’s tenure with the Bank ended on September 14, 1992.

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Sir Courtney Blackman

Sir Courtney Blackman served three terms as founding Governor of the Central Bank of Barbados and as Barbados’ Alternate Governor to the IMF from June 1972 to March 1987.

From 1987 to 1994, he was an International Business Consultant to several governments, central banks, multilateral institutions and   international corporations; he also served as Director General of several corporations and financial institutions.  He joined the diplomatic corps in January 1995 as Barbados’ Ambassador to the United States and Permanent Representative to the Organisation of American States. He held this post until September 2000.

Sir Courtney holds an Honours degree in Modern History from the University of The West Indies, and a Ph.D from the Graduate School of Business, Columbia University, N.Y., where he majored in Money and Banking, with a minor in International Business. He later worked on Wall Street as an Economist from 1968 to 1971 at the now defunct Irving Trust Company, going on to become Associate Professor of Management at Hofstra University on Long Island, New York.

An authority on central banking in developing countries, Sir Courtney has lectured at major universities in Britain, Canada and the USA. He has also published numerous papers and three books: The Practice of Persuasion, a collection of speeches, in 1982; Central Banking in Theory and Practice: A Small State Perspective, in 1995 and the Practice of Economic Management

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