Jan 2007 Financial News

FirstCaribbean board welcomes new directors

Jan 04, 2007

Bridgetown—FirstCaribbean International Bank Ltd is pleased to announce the appointment of three new Directors to its Board. The change of directors follows CIBC’s acquisition of Barclays Bank PLC’s shareholding in FirstCaribbean.

Following completion of the sale, Messrs Steven McGirr, Tom Woods and John Orr have been appointed CIBC’s newest Directors on the Board. They join existing CIBC directors, Richard Venn and Ron Lalonde, and Independent Directors, Barbadians Kyffin Simpson, Sir Fred Gollop and Sir Allan Fields, Bahamian Teresa Butler, Cayman Islands-based David Ritch, along with Executive Chairman, Michael Mansoor and Chief Executive Officer, Charles Pink.

Steven McGirr is senior executive vice-president and chief risk officer of CIBC. In this role, he has responsibility for Treasury and Risk Management. McGirr joined Wood Gundy Inc in 1984. Prior to his current responsibilities, McGirr was president, CIBC World Markets Inc., with executive management responsibility for Merchant Banking, Commercial Banking and Debt Capital Markets as well as CIBC World Markets’ European and Asian Regions. Mr McGirr was appointed deputy chairman, CIBC World Markets Inc in 2002.

John Orr is Executive Vice President, Retail Markets and Corporate Development, CIBC, and Managing Director, CIBC World Markets Inc. Orr heads the Direct Banking division of CIBC, Amicus, and CIBC-branded retail businesses internationally. As Deputy Head of Corporate Development, he participates in the identification and development of strategic initiatives for CIBC. Prior to joining CIBC, Orr practiced as a Corporate Securities Lawyer.

CIBC and Barclays announced in March that the Canadian company would acquire a majority shareholding in the regional financial institution. The transaction was completed on December 22nd.


Source:

The Trinidad Guardian
Thursday 4th January, 2007

http://www.guardian.co.tt/bussguardian2.html