Durrant Pate/Contributor

The Jamaica Stock Exchange (JSE) board has announced that the retiring managing director Dr. Marlene Street Forrest will continue to serve in her current capacity until a suitable replacement is found.

She will continue to lead Jamaica’s equities regulator until the board has successfully completed the recruitment process for her successor. 

In a statement released on December 27, the JSE said both the board and Street Forrest are committed to ensuring a smooth transition to maintain the integrity, stability and continued growth of the stock exchange. 

Search for replacement under way

The recruitment process is well under way, and the board remains focused on selecting a candidate who will uphold the JSE’s legacy of innovation and excellence in capital market development. 

Street-Forrest was set to have gone on retirement earlier this month, having been appointed to lead the JSE in 2002, serving as general manager until 2017, after which she was promoted to managing director and subsequently granted a seat on the board of directors. 

Under her tenure, the JSE was twice designated the best-performing stock market in the world in 2015 and 2018. The MD post is now being advertised with a November 30, 2024 closing date for the receipt of applications. 

As managing director, the successful candidate will be at the forefront of innovation, driving transformation, and ensuring the JSE’s continued success and stellar reputation.