Terrence W. Farrell was Director of Research (1984-1989) and later Deputy Governor (1992-1995) of the Central Bank of Trinidad and Tobago where he was involved in key policy initiatives including the debt restructuring and IMF programmes, exchange control liberalization, the flotation of the TT dollar and the intervention of troubled financial institutions. In the private sector, he was Group Executive Director at Guardian Holdings Limited responsible for Strategy and Business Development, President of Guardian General Limited and Group Chief Executive Officer of One Caribbean Media Limited
He obtained his PhD (Economics) from the University of Toronto in 1979 and holds an LLB (London) degree and the LEC from the Hugh Wooding Law School. He was admitted to practice law in Barbados and Trinidad and Tobago in 2013 and is a Certified Mediator (Trinidad and Tobago) and an Accredited Mediator MCIArb (UK). A Fellow of the Institute of Banking and Finance, he has published extensively in the field of Economics, including his latest book The Underachieving Society.
Dr. Farrell works in the areas of economics, strategy consulting, business development, mediation and legal services. He is a director of Republic Bank Limited, ECFH Limited, TATIL, and CREDI, the Catholic tertiary education institute.