Glen Ysaguirre to be appointed new Central Bank governor Excellent!Very GoodGoodFairPoor Rating: 5 / 5 (1 votes)   Posted: 03/10/2008 - 11:21 AM Author: Adele Ramos As at the end of September, Sydney Campbell left his post as Governor of the Central Bank, after his 5-year contract ended. Amandala has confirmed that Glenford “Glen” Ysaguirre, Deputy Governor, will formally take up that post.   Prime Minister Dean Barrow confirmed that appointment this afternoon when he spoke with our newspaper. He said that the other deputy governor, Marion Palacio, would be invited to take up a Central Government post with the Ministry of Finance.   This will leave two vacant posts for deputy governors – which, Barrow says, are being offered to Mrs. Christine Vellos, director of the Central Bank’s research department, and Ms. Marilyn Gardiner, director of banking and finance.   As is protocol, it is the Governor-Governor who issues the instruments of appointments. However, we understand that the contract terms for the new governor are still being finalized, and once that is done, the appointment would be made official. The other appointments would come subsequently, Barrow said.   Last May, Ysaguirre, then a senior banking executive, was fired from his post at Atlantic Bank, during the height of public contention over the government-guaranteed Universal Health Services debt. At the time, Ysaguirre was also a director of the Association of Concerned Belizeans (ACB), an activist organization that had filed a lawsuit against the Government for secret agreements made by the former Prime Minister Said Musa to use public funds to pay off the private debt.