Ramsingh resigns as ADB CEO

Ke­jan Haynes

Neil Ram­s­ingh has re­signed as Chief Ex­ec­u­tive Of­fi­cer of the Agri­cul­tur­al De­vel­op­ment Bank (ADB), with the bank ad­ver­tis­ing the po­si­tion hours af­ter his de­par­ture.

In a state­ment, Ram­s­ingh said his res­ig­na­tion would not af­fect his com­mit­ment to the coun­try’s de­vel­op­ment agen­da.

“I al­so want to place on record that my res­ig­na­tion does not change my com­mit­ment to the na­tion­al de­vel­op­ment agen­da. I re­main ful­ly sup­port­ive of the Gov­ern­ment and our Ho­n­ourable Prime Min­is­ter, and I will con­tin­ue to sup­port the work be­ing done in the best in­ter­est of our coun­try,” he said.

It comes as there was grow­ing scruti­ny over his pre­vi­ous em­ploy­ment.

Guardian Me­dia al­so con­firmed that Ram­s­ingh was ter­mi­nat­ed by Guardian Life of the Caribbean Lim­it­ed in April.

A pub­lic no­tice placed by Guardian Life said Ram­s­ingh “is no longer a rep­re­sen­ta­tive of Guardian Life of the Caribbean Lim­it­ed and is not au­tho­rised to trans­act any busi­ness on be­half of the com­pa­ny.”

Ram­s­ingh al­so sought the UNC’s nom­i­na­tion for the Fyz­abad con­stituen­cy ahead of the 2025 Gen­er­al Elec­tion. In Jan­u­ary 2025, he was screened at the par­ty’s head­quar­ters in Ch­agua­nas as a prospec­tive can­di­date for the con­stituen­cy.

Hours af­ter Ram­s­ingh’s res­ig­na­tion, the ADB ad­ver­tised its CEO po­si­tion on its web­site.

The post, which ex­pires on Sep­tem­ber 14, seeks a can­di­date to co­or­di­nate the op­er­a­tions of the bank in ac­cor­dance with poli­cies ap­proved by its board.

The suc­cess­ful ap­pli­cant must have a post­grad­u­ate qual­i­fi­ca­tion in eco­nom­ics, fi­nance or mar­ket­ing, at least eight years of se­nior ex­ec­u­tive ex­pe­ri­ence and high­ly de­vel­oped skills in strate­gic lead­er­ship and fi­nan­cial and cred­it man­age­ment.

The po­si­tion is full-time and con­trac­tu­al, with the salary list­ed as con­fi­den­tial.

Ram­s­ingh did not pro­vide a rea­son for his sud­den de­par­ture.

In May, Ram­s­ingh was ap­point­ed CEO of the State-owned agri­cul­tur­al bank, which falls un­der the purview of the Min­istry of Agri­cul­ture and Fish­eries.