Antoinette McKain has been the Chief Executive Officer of the Jamaica Deposit Insurance Corporation (JDIC) since January 1, 2007. Prior to this Ms. McKain was engaged as Legal Counsel and Corporate Secretary of the JDIC from 2003. Before joining JDIC, she was employed as Legal Counsel at the Bank of Jamaica from 1996. While at the Bank of Jamaica Ms. McKain was assigned, among other legal key assignments relating to enhancements to the financial system infrastructure, to provide legal advice and services in connection with both the formal establishment of the JDIC in 1998 and in its early years of operations. She has extensive knowledge and practice in the development of public policy and the legal and operating frameworks relating to deposit insurance systems and other financial consumer protection schemes; financial system regulation, resolution and insolvency; and corporate governance practices.
As Chief Executive Officer of the JDIC, Ms. McKain is an ex-officio member of the Board of Directors of the JDIC and a member of the statutory Financial Regulatory Committee (formerly Financial Regulatory Council) and the Financial System Stability Committee both established under the Bank of Jamaica Act.
From 2007 to 2009, Ms. McKain was a member of the Executive Council of the International Association of Deposit Insurers (IADI), an umbrella organization and standard-setting body for deposit insurance systems around the world. During this time, she chaired the IADI’s Legal Committee and was a member of the Membership and Communications and Governance Committee and was the Chairperson for the Caribbean Regional Committee of the IADI. She continues to be the designated representative of JDIC to IADI and to make local and international presentations as well as provide expert consultations on various aspects of deposit insurance systems and related issues.
In her earlier career in law Ms. McKain practiced in criminal prosecution and civil law respectively through the Resident Magistrates Court and the Office of the Director of Public Prosecutions in Jamaica and the Attorney’ General’s Chambers in the British Virgin Islands (BVI); and private practice in various areas of commercial law and family law practice in Jamaica and the BVI. She also held the positions of Registrar General, Admiralty Marshall and Additional Magistrate for the BVI.
Ms. McKain is currently the Chairperson of the Betting Gaming and Lotteries Commission First Instance Tribunal.
Ms. McKain holds an LLB from the Faculty of Law, UWI and the General Legal Council Legal Education Certificate from the Norman Manley Law School. In addition to her legal qualifications, Ms. McKain holds an MBA (Finance) from the University of Manchester and Wales. She also has a Chartered Banker MBA from Bangor University and is a member of the Institute of Chartered Bankers.
Ms. McKain has been a member of the Jamaican Bar Association, the BVI Bar Association and a Notary Public for the BVI.