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Jan 21, 2020

Kareem Michael Returns to Central Bank; New Liquidator for CBL Appointed, Again!

Julian Murillo is the new liquidator for Choice Bank Limited beginning today and remains as the liquidator of Atlantic International Bank Limited. The announcement was made by the Central Bank via a press release dated January fifteenth. Murillo takes over from Kareem Michael who had resigned from his post at Central Bank as Deputy Governor – Research, Financial Supervision, and Compliance for the six months contract. At the time of Michael’s departure from the Central Bank, a release from the bank stated that “he assumes this role since the former liquidator’s term of engagement has come to an end.”  The Central Bank said that Michael possesses the knowledge and experience required to bring the liquidation of Choice Bank to an effective close.  In its latest release, the Central Bank said that Michael contributed significantly to the advancement of the liquidation process which is still open and now left for Murillo to effectively close. Michael reportedly received a hefty compensation package of about fifty thousand dollars monthly. While he acted as liquidator, the post of Deputy Governor remained vacant up until his re-appointment.

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