CIBC First Caribbean International Bank

CIBC First Caribbean International Bank is a financial services entity in Barbados, which offers services in Corporate Banking, Retail Banking, Wealth Management, Credit Cards, Treasury Sales and Trading and Investment Banking. CIBC First Caribbean International Bank is a subsidiary of the Canadian Imperial Bank of Commerce.

History

The entity was formed in 2002 as FirstCaribbean International Bank after a merger with Barclays Bank’s Caribbean operations. In 2006, Barclays Bank signalled their intention to exit the Caribbean market and this paved the way for CIBC to take full control of the operations. The announcement to rebrand the Caribbean operations as FirstCaribbean International Bank was after this new development. However, in 2011, CIBC added its brand to the name, thus creating CIBC FirstCaribbean International Bank. This was an  but was

Operations

CIBC First Caribbean International Bank is a subsidiary of the Canadian Imperial Bank of Commerce. The Caribbean based subsidiary has branches in the following Caribbean countries: Anguilla, Antigua and Barbuda, Aruba, Bahamas, Barbados, Belize, British Virgin Islands, Cayman Islands, Curaçao, Dominica, Grenada, Jamaica, Sint Maarten, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Trinidad and Tobago and the Turks and Caicos Islands.

The bank offers a varied suite of services to its customers in the Caribbean.

Personal Banking

CIBC FCIB offers a number of personal banking products and services. They are chequing and savings accounts, mortgages and loans, credit and debit cards, internet and mobile banking; fixed deposits and investments; insurance and rewards programmes.

Business Banking

Business solutions are tailored to the business’ specific needs. Products and services include business accounts; business credit and debit cards; borrowing and credit services; cash management solutions and insurance.

Corporate Investment Banking

For corporate customers, CIBC First Caribbean International Bank offers services such as business accounts, business and cash management solutions and investment banking.

Charitable Efforts

The bank has engaged in several charitable efforts in Barbados and throughout the Caribbean. The Barbados operations has donated to Haiti’s Hurricane Matthew relief effort (2016); assisted start-ups in St. Lucia; donated to the St. Michael District Hospital in Barbados, the Ann Hill School as part of the Adopt-a-Cause programme, provided scholarships at the University of the West Indies Cave Hill Campus and assisted the Queen Elizabeth Hospital in conjunction with the Broadway to Barbados Charitable Trust.

Leadership

The leadership of the bank consists of a Board of Directors, an Executive Committee and a Senior Executive team.

Board of Directors

Independent Chairman – David Ritch
Executive Director – Gary Brown
Majority Shareholder Director – Rik Parkhill
Majority Shareholder Director – Christina Kramer
Majority Shareholder Director – Brian McDonough
Majority Shareholder Director – David Arnold
Independent Director – Sir Allan Fields
Independent Director – Paula Rajkumarsingh
Independent Director – G. Diane Stewart
Executive Director – Brian H. Clarke

Executive Committee

Chief Executive Officer – Gary Brown
Managing Director, Human Resources – Neil Brennan
General Counsel & Corporate Secretary – Brian H. Clarke
Managing Director and Head of Regional Country Management, Strategy and Marketing – Colette Delaney
Chief Risk Officer – Patrick J McKenna
Managing Director, Technology & Operations – Jude Pinto
Managing Director, Retail, Business and International Banking – Mark St. Hill
Managing Director, Cards & Customer Relationship Management – Trevor Torzsas
Managing Director, Corporate & Investment Banking – Pim van der Burg
Managing Director, Private Wealth Management – Dan Wright
Regional Chief Financial Officer – Doug Williamson

Senior Executive Team

Chief Auditor – Ben Douangprachanh
Managing Director, Barbados & the OECS – Donna Wellington
Managing Director, Jamaica – Nigel Holness
Managing Director, Cayman, BVI & Platinum Banking – Mark McIntyre
Managing Director, the Bahamas & Turks & Caicos Islands – Marie Rodland-Allen
Managing Director, Trinidad Operating Company – Anthony Seeraj

Competitors

  • Barbados Public Workers Co-Operative Credit Union
  • Barbados Workers Union
  • City of Bridgetown Co-Operative Credit Union
  • First Citizens Bank Barbados
  • Republic Bank Barbados
  • ScotiaBank Barbados Limited

Barbados Locations

CIBC First Caribbean International Bank has eight (8) branches and eleven (11) instant teller machines at the following locations:

Branches in Barbados

  • Broad Street, St. Michael
  • Wildey, St. Michael
  • Oistins, Christ Church
  • Rendezvous, Christ Church
  • Sheraton Centre, Christ Church
  • Speightstown, St. Peter
  • Sunset Crest, St. James
  • Warrens, St. Michael

Instant Teller Locations in Barbados

  • Hilton – Needhams Point, Saint Michael
  • Quayside Shopping Centre – Christ Church
  • US Embassy – Wildey, Saint Michael
  • Michael Mansoor Building, Regional Head Office – Warrens, Saint Michael
  • People’s Market – Tudor Bridge, Saint Michael
  • Massy Stores (formerly SuperCentre Warrens) – Warrens, Saint Michael
  • Grantley Adams International Airport – Christ Church
  • Queen Elizabeth Hospital – Bridgetown, Saint Michael
  • Sheraton Mall, Christ Church (Olympus Theatre side)
  • The Courtyard Marriott, Hastings, Christ Church
  • Warrens Banking Centre (Drive-Thru) – Warrens, Saint Michael

Contact CIBC First Caribbean International Bank

Caribbean customers can contact the bank via telephone, email or social media.

References

  1. FirstCaribbean Donates BDS $25,000 to Haiti. The Barbados Advocate. Retrieved 11 September 2017
  2. CIBC First Caribbean Assists Start-Up Companies. The St. Lucia Times. Retrieved 11 September 2017
  3. Over $20,000 Donated to Geriatric Hospital. Loop News Barbados. Retrieved 11 September 2017
  4. Colourful Gifts. Barbados Today. Retrieved 11 September 2017
  5. QEH 25K PLUS Club & Friends. Broadway to Barbados Charitable Trust. Retrieved 11 September 2017

External Links

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