Son of late Guyanese Economist leaves RBC to join PM Mottley’s team

DPI, GUYANA, Thursday, May 31, 2018

Professor Avinash Persaud, son of Guyanese economist Bishnodat Persaud has resigned from the position of Managing Director of RBC Barbados to join Prime Minister Mia Mottley’s team.

This announcement was made today by the company’s regional operating officer for the Southern Caribbean, Robert de Silva.

“Professor Persaud submitted his resignation from his directorships with RBC earlier today and it is with bittersweet emotions that we accepted it,” de Silva told Nation News.

Professor Persaud’s resignation from all RBC entities and board responsibilities takes effect immediately and according to de Silva, the loss is a gain for PM Mottley and the people of Barbados.

De Silva said RBC is pleased to see experts like Professor Persaud playing a key role in government and wished the Professor all the best in his service to Barbados.

Professor Avinash Persaud served as a Visiting Scholar at the International Monetary Fund (IMF) from 2001–2002, working on risk appetite measures and at the European Central Bank (ECB) in 2005 working on issues of liquidity and transparency in European financial markets.

He has been a frequent guest speaker at G20 central banks and meetings of officials.

His father, the late Professor Bishnodat Persaud served as Alcan Professor of Sustainable Development at the University of the West Indies, and Director of Economic Affairs, Commonwealth Secretariat.

By: Stacy Carmichael.