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Kedrick E. Malone out! Julien N. Johnson in! @ BVI Finance

- Malone now heads up Financial Services Recommendations Implementation Committee
Kedrick E. Malone (left), the Executive Director of BVI Finance will be stepping down from that post in order to take up a new position as the head of an implementation committee tasked with overseeing key changes in the financial services sector. Mr Julien N. Johnson (right), currently the Chief Operations Officer of the Financial Investigation Agency will assume the role of Executive Director of BVI Finance immediately to replace Mr Malone. Photo: VINO
From left to right are Financial Secretary Neil M. Smith, acting Permanent Secretary in the Premier's Office Brodrick Penn, new Executive Director of BVI Finance Julien N. Johnson, Premier Dr the Hon D. Orlando Smith, former BVI Finance Executive Director Kedrick E. Malone, First Lady Lorna G. Smith and Gerard St. C. Farara QC. Photo: VINO
From left to right are Financial Secretary Neil M. Smith, acting Permanent Secretary in the Premier's Office Brodrick Penn, new Executive Director of BVI Finance Julien N. Johnson, Premier Dr the Hon D. Orlando Smith, former BVI Finance Executive Director Kedrick E. Malone, First Lady Lorna G. Smith and Gerard St. C. Farara QC. Photo: VINO
ROAD TOWN, Tortola, VI - Kedrick E. Malone, the Executive Director of BVI Finance will be stepping down from that post in order to take up a new position as the head of an implementation committee tasked with overseeing key changes in the financial services sector. Taking his place will be Mr Julien N. Johnson.

At a press conference held in the conference room of the Premier's Office today April 23, 2015, it was revealed that Mr Johnson will be replacing Malone at BVI Finance.

The Government of the Virgin Islands had commissioned McKinsey & Company to carry out a study on the territory's financial services industry and as a result of its findings made a number of key recommendations. Malone is now tasked with seeing those recommendations implemented.

“I am pleased to announce today that Mr Julien N. Johnson, currently the Chief Operations Officer of the Financial Investigation Agency will assume the role of Executive Director of BVI Finance immediately to replace Mr Malone,” said Premier Smith. “Mr Johnson comes with industry experience having worked with the Financial Services Commission,” he said.

Sharing office space

Premier Smith further said that to ensure there is a smooth transition, Johnson and Malone will for the next few months share office space as the unit starts its operation.

Speaking at the press conference, Malone said he does not need to remind persons of the challenges that the industry is facing currently. “If we as BVIslanders and those of us who live here want to continue to enjoy the quality of life that financial services have afforded us, we are all going to have to make significant changes and we have started to make those changes,” he said.

Spreading the 'Gospel'

Malone said the role of the unit he now heads is to spread the Gospel of the need for changes that have been identified.

“The unit will direct and oversee the monitoring mechanism, working with senior officials within Government to make sure that the officers and the senior management connect to the initiatives that are proposed, and that will be done with the support of Cabinet,” he said.

“The Unit will also make sure that there is accountability to Cabinet to what has been [done] and to provide analytical support and recommendation to all the departments to ensure that the proposed changes are delivered and delivered on time,” he added.

According to First Lady Lorna G. Smith OBE, the implementation committee is not a permanent arrangement and as such it will dissipate after it is able to achieve its objectives, some of which will take longer than others.

Asked what will become of Malone when the work of the implementation committee comes to an end, Premier Smith said Malone, who is on contract as opposed to the traditional public servant, will be found use for.

24 Responses to “Kedrick E. Malone out! Julien N. Johnson in! @ BVI Finance”

  • ... (23/04/2015, 15:21) Like (19) Dislike (6) Reply
    He will be gone in a couple of months once vip gets in
    • just asking... (23/04/2015, 16:21) Like (7) Dislike (19) Reply
      Why would the NDP be making deeds senior changes so close to an election? Are they tryin to tie Frasers’s hand? Where is the governor?
      • Lb (23/04/2015, 18:44) Like (21) Dislike (0) Reply
        Because politics has NOTHING to do with moving a country forward. I guess the country should just sit still because you small minded people want to prance up and down in green or in red and white for a few weeks. Nonsense. Move the country forward. Politics comes second! BVI first!
        • agreed (24/04/2015, 01:37) Like (0) Dislike (0) Reply
          Truth be told that how it should be but that is not how it is right now.
    • yea (23/04/2015, 18:51) Like (1) Dislike (1) Reply

      The same VIP that are for the 100%? You all think people are a$$3$

    • Check again... (23/04/2015, 19:48) Like (2) Dislike (1) Reply
      If you know who is who, you would have known that KM is a staunch VIP, and don't be surprised if he is not the next DG.
  • xxxxxxxx (23/04/2015, 16:17) Like (8) Dislike (3) Reply
    He has the look but substance is a different kettle of fish
  • Curious (23/04/2015, 17:37) Like (7) Dislike (0) Reply
    How much of taxpayers money was that firm paid? We must know how our money is spent.
    • Crap (24/04/2015, 07:57) Like (0) Dislike (0) Reply
      You u ppl don't stop talking piss. Y the did not put u to get the job ?
  • civil servant (23/04/2015, 17:49) Like (6) Dislike (5) Reply
    So he still holding out for big bucks with just a bs degree???
    • jobs (24/04/2015, 07:59) Like (0) Dislike (0) Reply
      A masters degree does not mean anything. you have to be a good performer
  • Lb (23/04/2015, 18:45) Like (13) Dislike (1) Reply
    Congrats Jules. We wish you the best. You are a man of integrity and a young leader. We need to see more appointments like these, IF we are taking the country forward!
  • Wrong Move Daddy! (23/04/2015, 19:45) Like (1) Dislike (3) Reply

    No innovative ideas and he is just another y** man. L**** is who will be running that department. I do not know why they can't give people a chance to prove themselves. Now Kedrick gone also. Wicked L**** and NDP must go!

  • reality (23/04/2015, 20:07) Like (3) Dislike (2) Reply
    To "Just Asking" the word is "these" not "deeds". The use of proper English is necessary if you really want your comments to be taken seriously. Besides, Fraser is NOT capable of handling this as you might want to believe.
  • .... (23/04/2015, 21:45) Like (2) Dislike (1) Reply
    Another political appointment smh
  • Bald Head (23/04/2015, 22:53) Like (2) Dislike (2) Reply
    At least they both have something in common! Bald head!
  • radical (23/04/2015, 23:42) Like (12) Dislike (0) Reply
    Y'all people backwards... When a man get shot-up for "he knows what" reason, y'all feel sorry n wish him well; but when an educated n positive young brother is promoted to better his country, you beat him down with anything you could put your hands on... Congratulations Mr. Johnson, I know you n I know you will do your best!!!
    • SB (24/04/2015, 09:37) Like (2) Dislike (0) Reply
      That is the nature of mankind from what I know the man is experienced working in the field for a number of years. So if that is his poilitical party and he is educated and experienced explain to me why he shouldn't have gotten it. Just a question for anybody to answer. Do your thing Mr. Johnson.
  • one eye (24/04/2015, 07:06) Like (0) Dislike (3) Reply
    From bad to worse
  • pat (24/04/2015, 14:15) Like (0) Dislike (0) Reply
    Look how they kick kedrick to the curve…
  • Denroy (24/04/2015, 14:29) Like (2) Dislike (0) Reply
    Those who have nothing to say other than negative things are just jealous. Congrats Julien....
  • Bro (26/04/2015, 09:39) Like (0) Dislike (0) Reply

    Julien Johnson congrats as well asto youKedrick

  • Vino? (03/05/2016, 15:07) Like (0) Dislike (0) Reply
    How come yall don't break the news that JJ out the job already? Who's the replacement?


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