Chancellor's Profile
Profile on Mr. Lloyd Carney, Chancellor
Mr. Lloyd Carney is a renowned IT engineer, entrepreneur and venture capital investor. He was appointed Third Chancellor of the University of Technology, Jamaica with effect from August 22, 2022, for a period of seven years.
As Chancellor, he is the head of the University. His duties include presiding over at least one meeting of the Council annually, the conferring of degrees, diplomas, certificates, and other academic distinctions and awards.
A Jamaican by birth, Mr. Carney has had an illustrious career in the IP (Internet Protocol) networking industry spanning over 30 years. He is the Founder and Chairman of USA-based Carney Technology Acquisition Corp II (CTAC II) - a special purpose acquisition company (SPAC) which successfully raised $400M to focus on technology acquisitions. CTAC I raised $200M and resulted in the acquisition of Grid Dynamics, a Nasdaq listed company, which was in the top 1% of performing SPAC stocks. Grid Dynamics has recently established an engineering centre in Kingston Jamaica.
Previously, he was the former Chief Executive Officer and a member of the board of directors of technology firm, Brocade Communications Systems, a leader in Data center and networking solutions. He successfully led the company until its acquisition by Broadcom for $5.5B.
Before joining Brocade, Mr. Carney was CEO and member of the board of directors at Xsigo Systems, a technology leader in the data center virtualization market with solutions for cloud computing and software-defined networking. Xsigo was successfully sold to Oracle Corporation. Prior to his work with Xsigo, he was CEO of Micromuse, Inc., a public networking management software company that became an integral part of the IBM Tivoli framework.
He served as the chief operating officer at Juniper Networks where he oversaw the engineering, product management, and manufacturing divisions. He also served as President of the core IP, wireless Internet, and the enterprise divisions at Nortel Networks.
Mr. Carney holds a Bachelor of Science degree in Electrical Engineering Technology and a Master of Science degree in Applied Business Management from Lesley College in Cambridge, Massachusetts. He has also been awarded an Honorary Doctorate from the Wentworth Institute of Technology. He serves on several boards including VISA (BOD/Audit Committee Chair), Vertex (BOD/Audit& Comp Committee), and GRID Dynamics (BOD/Chairman of the Board).
Prime Minister, The Hon. Andrew Holness in May 2023 announced Mr. Carney’s appointment as Ambassador/Special Investment Envoy for Technology. The Office of the Prime Minister stated that “this strategic move underlines the Government’s commitment to catalyzing innovation, investment and economic growth to create sustainable opportunities for the people of Jamaica.”
Mr. Carney has been involved in various philanthropic efforts in Jamaica, South Africa and Haiti focusing on health care and children’s needs. Reference: (www.carneyglobalventures.com).