Author: Caribbean Association of Banks Inc

Sagicor Financial Company Announces the Retirement of Its CEO, Dodridge Miller, And Appointment of Andre Mousseau as Its New CEO

Toronto and Barbados (January 26, 2023) – Sagicor Financial Company Ltd. (TSX: SFC, “Sagicor” or “the Company”) today announced that Dodridge D. Miller will retire as President and Chief Executive Officer effective as of the end of March 2023. Mr. Miller will step down from his current executive duties after more than 30 years of service to Sagicor, including serving as President and Chief Executive Officer since 2002. Mr. Miller will continue to serve on Sagicor’s Board of Directors. Sagicor’s…

CAB Represents At International Fora

Over the coming week, the Caribbean Association of Banks (CAB) Inc. is being represented at a number of events of import to the regional banking sector. Participation in these fora is in line with the CAB’s status as the representative body and recognized voice for banks and other financial institutions in the Caribbean. CAB Chairperson Ms. Leesa Kow and CEO Ms. Wendy Delmar will represent CAB at a Fireside Chat and Global Economic Outlook on 8 December in Miami, Florida,…

Caribbean Bankers Elect New Board

Managing Director of the Jamaica-based JN Bank, Leesa Kow is the new chair of the Caribbean Association of Banks (CAB) Inc. Ms. Kow was elected unopposed during the Association’s 49th Annual General Meeting held on Wednesday, 26 October at the Harbor Club Resort in Saint Lucia. She replaces Dalton Lee, founder and chairperson of the Bank of Montserrat, who served two terms as chairperson of CAB. Mr Lee will, however, has been elected to serve as director for the Eastern…

Caribbean Bankers To Meet In Saint Lucia 🇱🇨

Saint Lucia, Friday, October 21st, 2022: More than 200 bankers, financial services professionals, regulators, Government officials, and representatives of regional and international agencies from the Caribbean, North America, South America, Europe, Asia, and Africa will meet in the coming days for CAB Conference Saint Lucia 2022. It will be the first time since 2019 that the foremost gathering of regional banks will be convened in person, and from all reports, the highly anticipated event will be crucial and transformative. The…

Snowden Lane Partners Recognized on the Barron’s Top 100 RIA Firms List for Third Consecutive Year 🇺🇸

NEW YORK–(BUSINESS WIRE)–Snowden Lane Partners, an independent, advisor-owned, wealth advisory firm dedicated to providing client-focused advice in a values-driven culture, today announced it has been included in the Barron’s list of the Top 100 Registered Investment Adviser Firms. This is the third consecutive year that Snowden Lane has been named to the list, which showcases the top independent RIA firms nationally. “Barron’s has garnered tremendous respect across the wealth management industry, which only makes our inclusion on this list more…

CBCS moves ahead with the Introduction of the Caribbean Guilder 🇨🇼 🇸🇽

WILLEMSTAD/PHILIPSBURG – With the approval of the Governments of Curaçao and Sint Maarten, the Centrale Bank van Curaçao en Sint Maarten (CBCS) is moving ahead with the project for the introduction of the Caribbean guilder. The CBCS’s aim is for the Caribbean guilder to be introduced in 2024. Preparatory work for the introduction of the new currency began in 2019 but was suspended in 2020, pending the assessment by the IMF of the pros and cons of introducing a currency…

CIBC FirstCaribbean To Close Its Business In Dominica 🇩🇲

Bridgetown, Barbados, 2nd September 2022. FirstCaribbean International Bank (Barbados) Limited (“FirstCaribbean”) announced today that it will cease its operations in the Commonwealth of Dominica on 31st January 2023. Managing Director for Barbados and the OECS, Donna Wellington, noted: “Decisions like this are never easy, and never taken lightly, as we are mindful of the impact on our employees and our customers. We have made this decision in light of our stated strategy of simplifying our structure and following the sale…

Cayman National and Republic Bank Cayman Announce Merger Plans 🇰🇾

Republic Financial Holdings Ltd (RFHL) has announced that subject to all regulatory approvals its Board has approved the merger of two of its subsidiaries, Republic Bank (Cayman) Ltd (RBKY) and Cayman National Bank (CNB). Republic said RBKY’s entire book of business will be transferred to CNB and upon the effective date of the merger, CNB will be the surviving entity and RBKY will no longer be a subsidiary within the Republic Group of companies. A press release from the Cayman…

1st National Opens In St. Vincent and The Grenadines 🇱🇨 🇻🇨

Pursuant to its acquisition of RBTT Bank Caribbean Limited in St. Vincent and the Grenadines, 1st National Bank St. Lucia Limited announced it has obtained its Banking License from the Eastern Caribbean Central Bank (ECCB) to operate the banking business, an achievement, it says, will pave the way for new growth opportunities as it expands its footprint within the region. Rebranding of RBTT Bank Caribbean Limited was the first step after the acquisition. Preparations are now underway for integration of…

1st National (St Lucia) Finalises Acquisition of RBTT Saint Vincent & the Grenadines 🇻🇨

The Eastern Caribbean Central Bank (ECCB) has advised that effective 1 August 2022, the operations of RBTT Bank Caribbean Limited in Saint Vincent and the Grenadines (RBTT SVG) will cease, following 1st National Bank St. Lucia Limited’s (1st National) acquisition of RBTT SVG. As a result, RBTT Bank Caribbean Limited will become a branch of 1st National Bank St. Lucia Limited as of Monday, 1 August. The ECCB, in consultation with the ECCB Monetary Council, approved the application for the…