Board of Directors

Mr. Cleviston L. Haynes, M.A. (Econ) Chairman
Dr. Woodroffe BSc, MSc, LLM, MA, PhD
Mr. Cecil McCarthy LL. B, (UWI) L.E.C.
Ms. Onika Stewart LL. B (UWI) LL. M (Lond) L.E.C.
Dr. Justin Robinson B.Sc., M.Sc., Ph. D
Peter Carter, B.Com (Birmingham), MA (Leicester), FCCA
Mr. Bjorn Bjerkhamn M.B.A.P.E., B.Sc.
Ms. Sadie P.O. Dixon, LL.B., LL.M., L.E.C., Secretary to the Board (Ag)

Mr. Cleviston L. Haynes, M.A. (Econ) Chairman

  • Mr. Cleviston L. Haynes, M.A. (Econ)

Mr. Haynes, the Acting governor, Central Bank of Barbados, is a graduate of the University of the West Indies and the University of Western Ontario.

He joined the Central Bank in 1980 as an Economist and has served the Bank in several capacities, including Chief Economist, Adviser to the Governor, Director, Bank Supervision Department and most recently as Deputy Governor.

Mr. Haynes represents the Bank on the boards of the Barbados Deposit Insurance Corporation and the Barbados Stock Exchange, and previously was a member of the Anti-Money Laundering Authority of Barbados.

He has also served as Technical Assistant to the Executive Director for Canada, Ireland and the Caribbean at the Executive Board of the International Monetary Fund (IMF) during the period 1987-1989.

Most recently, as Chairman of the Regional Financial Stability Coordinating Council (RFSCC), he has been a key resource in the preparation of the Caribbean Regional Financial Stability Report.

Mr. Haynes has authored a number of academic papers in local and international publications, including papers on monetary policy and financial sector issues, and debt management in the Barbados economy.

Dr. Woodroffe BSc, MSc, LLM, MA, PhD

  • Dr. Woodroffe BSc, MSc, LLM, MA, PhD

Louis Woodroffe has been employed with the Government of Barbados for over thirty years. He is currently the acting Director of Finance and Economic Affairs in the Ministry of Finance and Economic Affairs. He has been Permanent Secretary in the Ministry of Foreign Affairs and Foreign Trade, the Ministry of Industry and International Business, the Ministry of Commerce and Trade and the Division of Economic Affairs.

Dr. Woodroffe holds the BSc (Economics); University of the West Indies, Cave Hill Campus; MSc (Economics and Finance); Loughborough University, UK; LLM (International Trade Law), University of Northumbria, UK; MA (Public Policy Management), York University, UK; and PhD (Economics) from the University of Nottingham, UK.

Justin Robinson, B.Sc., M.Sc., Ph.D.

  • Justin Robinson, B.Sc., M.Sc., Ph.D.

Dr. C. Justin Robinson is a national of St. Vincent and the Grenadines and currently serves as Dean, Faculty of Social Sciences, University of the West Indies, Cave Hill Campus, Barbados. Dr. Robinson's research interests are Capital Markets in Developing Countries, Public Finance, Financial Risk Management and Corporate Finance. He has published extensively on these subjects in a number of regional and international journals. Major publications include: "An Analysis of the Financial Performance of Statutory Corporations In Developing Countries" "The Role and Future of European Derivatives Markets" "Capital Market Integration in the Caribbean, Stock Price Behaviour in Emerging Markets," "Long-term Financing Decisions in the Caribbean," "Analyzing " Customer Satisfaction with Public Transportation in Developing Countries".

Dr. Robinson currently serves as Chairman of the National Insurance Scheme Barbados and Vice President of the Barbados Museum and Historical Society.

Dr. Robinson obtained his Ph.D. in Finance from the University of Manchester, United Kingdom. He also holds an M.Sc. in Finance and Econometrics from Florida International University and a B.Sc. in Management Studies (First Class Honours) from the University of the West Indies, Cave Hill Campus, Barbados.

Peter Carter, B.Com (Birmingham), MA (Leicester), FCCA

  • Peter Carter, B.Com (Birmingham), MA (Leicester), FCCA

Peter Carter is the Managing Partner, Peter J. Carter & Co., Chartered Accountants. The firm was started in January 1990 and has earned a reputation for delivering high-quality work in accounting, auditing, tax and other finance-related areas.

Mr. Carter spent several years working in Barbados and abroad in accounting and auditing in the international accounting firms of Coopers & Lybrand, now PriceWaterhouseCoopers, and Ernst & Whinney (then Ernst & Young).

Mr. Carter has also performed auditsfor projects funded by the European Union (EU) and the Inter-American Development Bank (IDB).

Mr. Carter holds a B.Com (Hons), from the University of Birmingham, United Kingdom, a Masters degree in Co-operative Management and Organizational Development from the University of Leicester, UK, and is a fellow of the Association of Chartered Certified Accountants (FCCA).

Mr. Bjorn Bjerkhamn, B.Sc. Eng. (Hons), MBAPE

  • Mr. Bjorn Bjerkhamn, B.Sc. Eng. (Hons), MBAPE

Bjorn Bjerkhamn graduated as a Civil Engineer from the University of the West Indies and was elected as a Corporate Member with the Barbados Association of Professional Engineers (BAPE) in 1975.

Since this time he has become one of the region's most accomplished builders in the construction industry, having successfully developed some of Barbados' premium properties.

He holds the position of Chairman in more than eighteen companies within the Jada Group, Preconco group of companies and Spring Homes Ltd., in addition to Directorship in many other organizations.

His continued success can be credited to his drive and assertive business philosophy, factors which continue to contribute to increasing foreign exchange and employment in Barbados. In January 2004 he was recognized for his contribution to the economic development of Barbados by the Barbados Tourism Board.

Onika Stewart, LL.B (UWI), LL.M (Lond) L.E.C.

  • Onika Stewart, LL.B (UWI), LL.M (Lond) L.E.C.

Onika is a Partner in the Barbados based corporate/commercial practice group. She has significant experience in large cross-border mergers and acquisitions, joint ventures, new investments and reorganization transactions, in the oil and gas, financial services, insurance and manufacturing sectors. Onika has a strong background in regulatory matters and advises on renewable energy projects involving both private and public entities. Her practice also extends to information technology, intellectual property and communications, in addition to providing general corporate advice.

Onika has been involved in several major deals including the acquisition of the downstream business of an international oil and gas company, the acquisition of a Barbados company holding various international oil and gas assets, the acquisition of a rum refinery, the acquisition of an international communications company by one of the largest cable television companies, the merger of two regional commercial banks and the sale of a regional general insurance company. She has also advised on various group reorganisations, share transfers and the formation of corporate entities.

Onika was admitted to the Barbados Bar in 2000. She obtained her Bachelor of Laws Degree with Honours from the University of the West Indies, Cave Hill Campus in 1998 and her Legal Education Certificate from the Norman Manley Law School in 2000. In 2004, she was awarded a Master of Laws in intellectual property, telecommunications and internet law from the University of London, Queen Mary & Westfield College. She also holds a certificate in Public Procurement Law and Governance from the University of the West Indies, which was awarded in 2013.

Between 2008 and 2011, Onika served both as the Chairperson of the National Advisory Committee on Intellectual Property and as a Director of the Copyright Society for Composers, Authors and Publishers Inc. She is currently a Director and Member of the Audit Committee of the Central Bank of Barbados, having acted in these positions since 2008. Onika also currently acts as the Legal Advisor/Secretary to ASPIRE Foundation (Barbados) Inc. ASPIRE is a non-profit organization whose purpose is to help charities, non-profits and social enterprises in Barbados become more sustainable. That way, they can better achieve their charitable objectives.

Cecil McCarthy, LL.B (UWI) L.E.C.
  • Cecil McCarthy, LL.B (UWI) L.E.C.

Cecil McCarthy was first employed as a Secondary School Teacher in 1976. He worked for two years in that position before leaving to study law at the University of the West Indies, Cave Hill Campus in 1978 graduating with honours in the Bachelor of Laws programme in 1981. He later attended the Hugh Wooding Law School where he obtained his Legal Education Certificate in 1983.

Mr. McCarthy commenced legal practice in Barbados in 1984 and has been involved in most areas of civil practice, concentrating mainly on property law, conveyancing, succession, contract and family law.

Mr. McCarthy has combined teaching with the practice of law and was a Law Lecturer at the Barbados Community College from 1986 to 1999 and a tutor in contract law at the U.W.I.(1983-86). Since 2009, Mr. McCarthy has been a Lecturer at the UWI in Labour and Employment Law. He has been the author of a weekly legal column in the Daily Nation, since 2001.

Mr. McCarthy is a Past President of the Guild of Undergraduates UWI, and a Past President of the Barbados Credit Union League and a Vice President of the Caribbean Confederation of Credit Unions.

Mr. McCarthy currently serves as a member of the Family Law Council, the Police Complaints Authority and the Financial Services Appeal Tribunal.

Mr. McCarthy was appointed Queens Counsel in 2009 and has been an acting judge of the Barbados Supreme Court.

Ms. Sadie P.O. Dixon, LL.B., LL.M., L.E.C., Secretary to the Board (Ag)

  • Ms. Sadie P.O. Dixon, LL.B., LL.M., L.E.C., Secretary to the Board (Ag)

Ms. Sadie Dixon is the Acting Bank Secretary of the Central Bank of Barbados. She is an Attorney-at-Law who holds a Bachelor of Laws with Honours from the University of the West Indies, a Certificate in Legal Education from the Hugh Wooding Law School and a Masters of Law with Distinction from the University of Warwick in the United Kingdom. Sadie also holds a certificate in Legislative Drafting from the University of London's Institute of Advanced Legal Studies.

Sadie was admitted to the Bar in Barbados in 1994 and has also been admitted to the Bar of the Organisation of East Caribbean States where she practised for about 2 years at the start of her legal career. In 1996, she joined the Attorney General's Chambers in Barbados and was assigned to the Chief Parliamentary Counsel's Office where her main responsibility was the drafting of the corpus of the laws of Barbados. Whilst performing this role, she was also assigned from 2003 to 2005 to the Double Taxation Treaty Negotiating Team and assisted in the negotiation of DTAs between Barbados and Italy and Barbados and Austria. Sadie has acted as Deputy Registrar of the Supreme Court of Barbados and prior to joining the Central Bank of Barbados in December 2006, was a Legislative Drafting Consultant for USAID. Sadie has served as an External Examiner for the University of the West Indies' Faculty of Law's Masters Programme , she continues to assist in the drafting of legislation when required and is currently the lecturer of a Legal Principles Course for Barbados based Insurance Professionals in the final quarter of each calendar year.

Sadie is passionate about the international financial services sector and learnt valuable lessons about the sector from her experience as a young student with the renowned firm of Harney, Westwood and Riegels in the British Virgin Islands where she interned whilst at Law School. In recent times, she has been assigned to a Barbados International Business and International Financial Services Compendium project under the leadership of the Governor of the Central Bank of Barbados, Dr Delisle Worrell. This book will focus on the history and development of Barbados as an international financial centre and it is expected that it will be completed in the final quarter of 2017. In recent months, Sadie has been a member of the Financial Stability Board's Correspondent Banking Working Group and is currently a member of a team from the Central Bank of Barbados which has completed the first iteration of a Working Paper entitled "De-risking in the Caribbean: The Unintended Consequences of International Financial Reform".

Copyright 2017 by Central Bank of Barbados