Apr 2008 Financial News

Republic Director Rahaman Retires

Apr 11, 2008

Republic Bank Limited today announced the retirement of Razai A. Rahaman after 20 years of service as a Director of the Bank.
Mr. Rahaman, Chairman of the Rahamut Group of Companies and Honourary Consul General for Bangladesh, joined the Bank on June 22, 1988 under the chairmanship of then chairman, Mr. Frank A. Barsotti.

During Mr. Rahaman’s tenure as a Republic Bank director, he participated in the transformation of the Bank from a leading local player to a Caribbean Bank with subsidiaries in Barbados, Grenada, Guyana, Cayman Islands and St. Lucia, growing from a $2.7 billion asset base in 1988 to $37 billion today.

In thanking Mr. Rahaman, Republic Bank’s Chairman, Ronald Harford noted Mr. Rahaman’s significant contribution over the years, lauding the depth of his experience from which Republic Bank was able to benefit.

Replacing Mr. Rahaman on the Republic Bank Board from April 30, 2008, will be Dr. Terrence Farrell, a former Deputy Governor of the Central Bank of Trinidad and Tobago. Dr. Farrell is President of Business Insight Limited, Chairman of Advanced Oil, a land-based oil exploration company and was recently appointed CEO of One Caribbean Media Limited. An executive with over 30 years of business experience Dr. Farrell studied economics at the University of the West Indies and obtained his PhD at the University of Toronto. He brings a wealth of knowledge and expertise to Republic Bank.


Source:
The Trinidad and Tobago Stock Exchange
Friday April 11, 2008