Sep 2012 Financial News

CIBC FirstCaribbean Announces Executive Changes

Sep 13, 2012

FCIB – Press Release – Executive Changes

Bridgetown, Barbados. 12 September, 2012. CIBC FirstCaribbean has announced changes to its Senior Executive Team, subject to regulatory and governmental approvals.

Managing Director of Retail Banking and Small Business, Rolf Phillips, has decided to take early retirement, and will leave CIBC FirstCaribbean, effective immediately.

Daniel Farmer, the Managing Director of the Barbados business, has been appointed as the new Managing Director of Retail Banking and Small Business, replacing Mr. Phillips.

Mark St. Hill, the Director of International Wealth, has been appointed as the new Managing Director of the bank’s Barbados business, replacing Mr. Farmer.

CEO, Rik Parkhill, noted: “Rolf was a key player in the core team that launched CIBC FirstCaribbean’s International Banking business in the region. He has also led the Residential Business segment of CIBC FirstCaribbean’s Retail business, and during his career with the bank, he also held senior roles as Sales & Performance Director of Wealth Management and as Managing Director. We’d like to thank Rolf for his more than 25 years service to CIBC FirstCaribbean and wish him the very best in the future.”

Mr. Farmer joined FirstCaribbean International Bank in February 2010 as Managing Director for the Barbados Operating Company. He started his career in Barbados with Citicorp Merchant Bank Limited (Citigroup), managing the corporate bank in Barbados. He also previously worked with the Simpson Group of Companies as the group’s Vice President of Treasury and overall Group Director. He holds a Bachelor of Science degree in International Finance.

Mr. St. Hill has 20 years banking experience in various positions, spanning Insurance Broking, Retail Banking, Corporate Banking, Credit Risk, International Banking and Wealth Management. He has held several senior management positions in a number of countries in the Caribbean, such as Grenada, BVI and Barbados. He is a graduate of the CIBC FirstCaribbean leadership programme at the Wharton School of Business, University of Pennsylvania and a fellow of the British Institute of Chartered Secretaries and administration.


Source:
The Trinidad and Tobago Stock Exchange Limited
Thursday September 13, 2012