members round-up

ANGUILLA and corporate banking, investment, wealth management, insurance, corporate and trust services, brokerage services, property develop- Caribbean Commercial (Anguilla) Ltd. ment and resort management. Professionalism and customer serv- Managing Director: Mrs. Starry Benjamin ice, the bedrock of solid partnerships, are priorities for the group. The PO Box 23, 1 St. Mary’s Street, The Valley, ANGUILLA Bank aims to maximise benefits and opportunities accruing to our Tel: (264) 497 2571/3, Fax: (264) 497 3570 stakeholders by providing innovative and competitive products and E-Mail: [email protected]/[email protected] services and strategically leveraging our relationships with local, Website: www.ccb.ai regional and international affiliates. It operates from (3) branches, on Redcliffe Street in the capital of St. John’s, at the Woods Mall and in Caribbean Commercial Bank (Anguilla) Ltd. is a private corporation Jolly Harbour, has (6) ATMs and a staff complement of (134). A house- which is entirely locally owned. It was incorporated in Anguilla in hold name in Antigua & Barbuda, ABI continues to expand by deepen- November 1976 and began operations in July 1977. The Bank's goals ing its roots within home markets while exploring opportunities abroad. were to meet the financial needs of the community that were not, in The registered Principals in its investment department were the first the opinion of the founders, being adequately addressed by the two in the OECS region to be licensed to trade on the ECSE. ABI was also international competitors. It operates from two branches, having the first OECS institution to venture into the US financial market with opened the second one in the West End in October 2008 and (2) the establishment of its Florida-based subsidiary, ASD Brokerage and ATMs. Staffed by (58) employees, it aims “to be the most customer Investment Inc., which provides investment advice and broker/dealer satisfying bank, providing high quality financial services, through well services. The Bank’s five ECCB awards for Best Corporate Citizen and trained and motivated staff, while contributing meaningfully to the com- Good Corporate Citizen among commercial in the OECS over munity we serve.” The Bank's audited asset base as at October 2007 the last three years gives recognition to its commitment to the com- was US$273.90 million. munities of Antigua & Barbuda and to nation-building. ABIB’s audited asset base as at September 2007 was US$353.33 million. National Bank of Anguilla Ltd. Chief Executive Officer: Mr. Ernest Valentine Banks Antigua Commercial Bank PO Box 44, The Valley, ANGUILLA General Manager: Mr. Gladston S. Joseph Tel: (264) 497 2101/4, Fax: (264) 497 3310 E-Mail: [email protected], Website: www.nba.ai CAIB Rep: Mrs. Denise Armstrong Assistant General Manager – Credit and Control Established in 1985, with the purchase of the Anguilla operations of Thames & St. Mary's Streets, PO Box 95 Bank of America, National Bank of Anguilla (NBA) is a publicly owned St. John's, ANTIGUA company offering residents a variety of personal and commercial bank- Tel: (268) 481 4200/3, Fax: (268) 481 4229 ing products and services. It has one office staffed by (120) employ- E-Mail: [email protected]/ ees with a second branch due to open November 2008. Currently, [email protected] there are (8) ATM’s, the largest network on the island, and for the near Website: www.acbonline.com future there are plans for (2) more at the new branch along with (1) mobile ATM. In terms of market share NBA is the largest commercial Antigua Commercial Bank (ACB) was incorporated in 1955 with a bank operating in Anguilla. Its wholly owned subsidiary NBA (Private share capital of EC$100,000. It is the country's first indigenous bank Banking & Trust) Ltd., incorporated to provide Offshore Financial Ser- and public company. ACB is well known for its role in assisting local vices on Anguilla to non-resident clients, became fully operational in entrepreneurs and small business people. Its subsidiary, ACB Mort- April 2005. NBA is "Committed to excellence in financial services gage and Trust Company Ltd., is the largest indigenous provider of through skilled and dedicated management and staff for the benefit mortgage finance in the island. ACB, aims "to be the best financial of customers, shareholders and the community." Its audited asset base services provider, creating wealth for our customers, investors, staff was US$328.52 million as at March 2007. and communities both regionally and beyond ". The Bank operates (2) branches and (2) agencies and has the largest network of Automated Teller Machines on the island (8). ACB has a staff complement of (112) ANTIGUA & BARBUDA and is one of the largest indigenous commercial banks in Antigua & Barbuda with an audited asset base of US$255.8 million as at Sep- ABI Bank Ltd. tember 30, 2006. Managing Director: Mr. McAlister Abbott Redcliffe Street, PO Box 1679, St. John's, ANTIGUA Bank of Antigua Ltd. Tel: (268) 480 2700/1, (268) 480 2725, President: Mr. Harry van Bergen Fax: (268) 480 2750 CAIB Rep: Mr. William E. McDavid E-Mail: [email protected] Senior Vice President Website: www.abifinancial.com PO Box 315, St. John's, ANTIGUA ABI Bank Ltd. (ABIB), headquartered in Antigua & Barbuda, celebrat- Tel: (268) 480 5300, Fax: (268) 480 5433 ed its 18th anniversary in March 2008. ABIB is a member of the ABI E-Mail: [email protected] Financial Group, a network of affiliated companies providing private Website: www.bankofantigua.com

67 members round-up

Bank of Antigua was incorporated in February 1981 and began opera- was named “International Investment Partner of the Year 2008” by tions in November 1981. The bank was acquired by the Stanford Finan- Business Britain Magazine. It had an audited asset base of US$191.60 cial Group in December of 1990, and operates (3) strategically locat- million, shareholder equity of US$86.2 million and net income of ed branches, a mobile unit, and (6) ATMs. The bank is currently staffed US$19.90 million as at December 2007. by a complement of (90) employees, and its mission statement is “To provide the most friendly and efficient banking services to customers, and to achieve continued growth and profitability”. Its audited asset BARBADOS base was US$207 million as at December 31, 2007. Barbados National Bank Inc. Caribbean Union Bank Ltd. Managing Director & CEO: Mr. Robert L. Le Hunte Chief Executive Officer: Mr. Vere Hill Independence Square, PO Box 1002, Bridgetown, PO Box W2010, Friars Hill Road, St. John’s, ANTIGUA BARBADOS Tel: (268) 481 8271, Fax: (268) 481 8291 Tel: (246) 431 5905; Fax: (246) 429 2606 E-Mail: [email protected], E-Mail: [email protected] Website: www.caribbeanunionbank.com Website: www.bnbbarbados.com Caribbean Union Bank Ltd. was incorporated in August 2004 and grant- Barbados National Bank Inc. (BNB) was established in March 1978 ed a Banking license in September 2005. The Bank operates from (2) following an amalgamation of three government-owned financial insti- branches, one at its Friars Hill address where it also has (2) ATMs on tutions, namely Barbados Savings Bank which dates back to 1852, site and the other at Jolly Harbour. CUB has (30) staff and its mission Sugar Industry Agricultural Bank and the National Housing Corpora- is to “Embrace the vision of a unified Caribbean economy and strive for tion (Public Officers Housing Loan Fund). In April 1978, the bank excellence in financial services to support regional development and acquired the assets of Bank of America in Barbados. BNB was partial- create Caribbean wealth. We will be renowned for our passionate pur- ly privatised following a public offering in 2000. In 2003, the Govern- suit of service levels that consistently exceed our customers' expecta- ment of Barbados sold 57% of its shareholding in BNB to Republic tions through a combination of our indigenous skills and the innovative Bank Ltd. (RBL) of Trinidad and Tobago. RBL subsequently increased use of modern technology. We will enhance shareholder value and the its shareholding to 65.13%. BNB operates (9) branches strategically well being of our employees and community.” The Bank offers finan- positioned across the island with (2) branches in the island’s capital cial services to both personal and corporate entities and as at Septem- Bridgetown. Its headquarters are located at Independence Square, ber 2007 had an audited asset base of US$42.42 million. Bridgetown. BNB boasts the largest ATM network in the country with (22) locations island-wide. The BNB Group includes two subsidiaries Global Bank of Commerce Ltd. – Barbados Mortgage Finance Company Ltd. (BMFC) and BNB Finance Chairman and CEO: Mr. Brian Stuart-Young & Trust Corporation (BFTC), and has a current staff complement of Global Commerce Centre, (550). BNB’s vision is to be the financial institution of choice in Bar- Old Parham Road, PO Box W1803 bados for its customers, shareholders and staff. Its mission is, “To pro- St. John's, ANTIGUA vide personalised, efficient and competitively priced financial services Tel: (268) 480 2329, Fax: (268) 480 3321 and to implement sound policies which redound to the benefit of our E-Mail: [email protected] customers, staff and shareholders.” BNB’s core values are Customer Website: www.globalbank.ag Focus, Respect for the Individual, Integrity, Professionalism and Results Orientation. BNB is now one of the largest banks in Barbados Global Bank of Commerce Ltd. is a locally owned and operated insti- and as at June 2008 had an audited asset base of US$1.31 billion. tution licensed since 1983, and is considered the “grandfather” of international financial services in Antigua. It offers wealth manage- Butterfield Bank (Barbados) Ltd. ment and private banking services and provides clients with 24/7 Managing Director: Mr Lloyd Wiggan online access to their accounts in USD, EURO and GBP. Its manage- 2nd Floor Carlisle House, Hincks St., 1 Beckwith Place, ment and staff are committed to delivering the most pleasurable bank- Broad Street, Bridgetown, BARBADOS ing experience to clients, and place customer satisfaction as their high- est priority. It securely hosts strong technology driven services within Tel: (246) 431 4500; Fax: (246) 430 0221 its own data centre, including internet banking, asset management, E-Mail: [email protected] electronic commerce facilities and card services to support its Visa Website: www.butterfieldbank.bb and MasterCard membership. It offers a fully integrated multi-curren- Butterfield Bank (Barbados) Ltd. is a subsidiary of The Bank of N.T. cy, automated rules based branded debit card system as a global pay- Butterfield and Son Ltd., established in in 1858, with other ment platform with Internet-enabled client programmes. The Bank branches in Bahamas, Canada, , , Hong Kong, embraces the vision that it can provide globally competitive financial Malta, Switzerland and . Barbados comprises a domes- services and products, regardless of its size and geographic location. tic commercial bank offering banking services to the local community It has its corporate headquarters and wealth management company and an offshore entity, Butterfield Asset Management catering to the at its Global Financial Centre on Friar’s Hill Road and a Branch office investment needs of high net worth clients. Butterfield Bank’s mission and Data Centre at Global Commerce Centre on Old Parham Road, is “To provide consistent and superior returns to our shareholders, staffed by (36) employees. The Bank’s CEO was named “Banker of offer security and opportunities to our employees, and be recognised the Year, 2008” by World Commerce Review publication and the Bank as making a valuable contribution to the communities in which we

68 members round-up operate by a customer focused, efficient and ethical delivery of bank- Caribbean Financial Services Corporation (CFSC), a regional private ing and other selected financial services.” The bank has a staff com- sector company, commenced operations in 1984 as a collaborative plement of (137) employees and operates (4) branches and (7) ATMs. enterprise between regional companies, international development In 2003, Standard and Poor’s awarded the group 1st place in the world agencies, and multinational financial institutions. CFSC provides a for the 5-year performances of the overall group of Butterfield Funds range of services to the CARICOM business community by making and the Butterfield Capital Appreciation Bond Fund. In 2003, 2004 medium and long term loans and equity investments to commercially and 2005, The Banker magazine awarded The Bank of the Year to the viable projects for which funding is often unavailable. Emphasis is Cayman and Bermuda offices for their excellence in customer service placed on projects which create employment and generate foreign and in 2005 Global Finance Magazine awarded “Best Developed Mar- exchange. CFSC has a staff complement of (16) and had an audited ket Bank in Bermuda.” Butterfield Group has been named Best Bank asset base of US$32.04 million as at March 2008. in Bermuda by Euromoney for the third year running, Best Developed Market Bank in 2008 by Global Finance for the 4th consecutive year, CMMB (Barbados) Ltd. received the MasterCard Award for Operational Excellence and won Regional Manager: Mr. Sean Spiers the Best of Bermuda Gold Award for Best Corporate Citizen. As at Branch Manager: Ms. Elizabeth Morgan March 2008, Butterfield Group had $12.8 billion in total assets and 1 White Park Road, St. Michael, BARBADOS $143.3 billion of assets under administration. Tel: (246) 426 2020, Fax: (246) 426 2058 E-Mail: [email protected] Caribbean Development Bank Website: www.mycmmb.com (Honorary Member) (Please refer to CMMB Ltd. Trinidad & Tobago for full profile) President: Professor Compton Bourne CAIB Rep: Mr. C.J. Alfred Helm Consolidated Finance Co. Ltd. Division Chief, Private Sector Development Division President: Mr. John R.S. MacKenzie PO Box 408, Wildey, St. Michael, BARBADOS CAIB Rep: Mrs. Frances Parravicino, Vice President Tel. (246) 431 1600, Fax : (246) 426 7269 Tamarind, Collymore Rock, St. Michael, BARBADOS E-Mail: [email protected]/[email protected] Tel: (246) 467-2350, Fax: (246) 426 8626 Website: www.caribank.org E-Mail: [email protected] The Caribbean Development Bank (CDB), is a regional financial insti- Consolidated Finance Co. Ltd. was incorporated in 1983. It is a mem- tution which was established by an Agreement signed on October 18, ber of Ansa McAl (Barbados) Group of Companies, backed by the Ansa 1969, in Kingston, Jamaica, and entered into force on January 26, McAl Group of Trinidad and Tobago. It has established itself as the 1970. The Bank came into existence for the purpose of contributing to most successful finance company in Barbados, enjoying the confi- the harmonious economic growth and development of the member dence of a wide cross section of investors, ranging from smaller depos- countries in the Caribbean and promoting economic cooperation and itors who use their deposit interest as an increment to their pensions, integration among them, having special and urgent regard to the needs to larger institutional investors, such as businesses, financial institu- of the less developed members of the region. CDB’s core functions tions and professionals. It is licensed to carry on business as a Finance include: helping the borrowing member countries optimise the use of Company and Merchant Bank and is an authorised foreign exchange their resources, develop their economies and expand production and trade; promoting private and public investment; encouraging the devel- dealer. Principal activities are the provision of hire-purchase financing opment of the financial upturn in the region and facilitating business and leasing of motor vehicles and equipment, investment banking and activity and expansion; mobilising financial resources from both within foreign exchange trading. Consolidated Finance Co. Ltd. has a staff of and outside the region for development; providing technical assistance (35) employees and had an audited asset base of US$132 million as to its regional borrowing members; and supporting regional and local at December 2007. financial institutions and a regional market for credit and savings and supporting and stimulating the development of capital markets in the Signia Financial Group Inc. region. Its Mission states “CDB intends to be the leading catalyst for Chief Executive Officer: Mr. Anthony Shaw development resources in the region, working in an efficient, respon- 1st Floor Carlisle House, Hincks Street sive and collaborative manner with our BMC's and other development Bridgetown, BARBADOS partners towards the systematic reduction of poverty in their coun- Tel: (246) 434 2360, Fax: (246) 434 0057 tries through social and economic development.” The Bank had Total E-Mail: [email protected] Ordinary Capital Resources Assets of US$1,016 million as at Decem- Website: www.signiafinancial.com ber 2007. Signia Financial Group Inc. is a Banking and Stock Brokerage compa- ny owned by Cave Shepherd, Grace Kennedy and United Insurance. It Caribbean Financial Services Corporation provides a full range of retail and commercial banking services as well President: Mr. Anthony Maughn as stock brokerage and capital market services. The company is an Radley Court, Collymore Road, St. Michael, authorised foreign exchange trader. The company has managed three BARBADOS take-over bids and two oversubscribed rights issues. Signia Financial Tel: (246) 431 6400, Fax: (246) 426 1869 is licensed under the Financial Institution Act and the Securities Act, E-Mail: [email protected], Website: www.cfsc.com.bb 2001, and is regulated by the Central Bank of Barbados and the Secu-

69

members round-up rities Act, 2001. Signia Financial Group Inc. has a staff of (22) employ- CAYMAN ISLANDS ees and an audited asset base of US$51 million as at September 2007. Cayman Islands Development Bank BELIZE General Manager: Mr. Ralph Lewis PO Box 2576, 36B Dr. Roy's Drive, Grand Cayman KYI-llO3, CAYMAN ISLANDS The Belize Bank Ltd. Tel: (345) 949 7511, Fax: (345) 949 6168 Chairman and CEO: Mr. Philip C. Johnson E-Mail: [email protected] CAIB Rep: Michael . Coye, Chief Financial Officer 60 Market Square, PO Box 364, Belize City, BELIZE Cayman Islands Development Bank (CIDB), a statutory authority whol- Tel: (501) 227 7132/5, Fax: (501) 227 2712 ly owned by the Cayman Islands Government, was established in E-Mail: [email protected] March 2002. The primary function of the Bank is to mobilise and pro- Website: www.belizebank.com vide financing for, as well as to promote and facilitate, the expansion and strengthening of the economic development of the Islands. As the The Belize Bank Ltd. commenced banking operations in Belize by pur- islands' only development bank, CIDB’s role is to complement and sup- chasing the Royal Bank of Canada in April 1987. Registered under the plement the activities of the local commercial banks. Lending is pri- Banks and Financial Institutions Act, the Belize Bank Ltd. is the largest marily focused on three key areas: small businesses, the housing sec- full service commercial banking operation in Belize, providing a com- tor and human resource development. The branch is staffed by (13) plete range of banking and financial services to both domestic and members. As at the end of the fiscal year, June 2006, the total audit- international customers. The Belize Bank is well placed to provide high ed assets of the Bank stood at US$22.8 million quality professional service through its countrywide network of (12) branches and (21) ATMs and a staff complement of (271) employees. Cayman National Bank Ltd. In 2000, the Bank extended its services to the Turks and Caicos President: Mr. Ormond A. Williams Islands through its wholly owned subsidiary, The Belize Bank (Turks 200 Elgin Avenue, PO Box 1097 GT, and Caicos) Ltd. Subsequently in 2006, another wholly owned sub- Grand Cayman KY1-1102 CAYMAN ISLANDS sidiary, Belize Bank International Ltd., was established to better serve Tel: (345) 949 4655, Fax: (345) 949 7506 the Bank’s international customers. The Bank’s audited asset base as E-Mail: [email protected] at year end March 2007 was US$767.7 million. Website: www.caymannational.com Cayman National Bank (CNB) Ltd. is headquartered in one of the BRITISH VIRGIN ISLANDS largest financial centres in the world, the Cayman Islands (CI). CNB is the largest of (6) other wholly-owned subsidiaries of Cayman National TORTOLA Corporation Ltd., a publicly owned and traded Cayman company. The Bank’s mission is “Our business is satisfying our clients’ financial National Bank of the Virgin Islands Ltd. needs. We aspire to be known and preferred for our client focus, inno- Ag. Managing Director: Mrs. Doris P. Smith-Scatliffe vative products and services, passion for consistent high levels of serv- PO Box 275, Wickham’s Cay ice, being the best place to work and our ability to create economic Road Town, Tortola, BRITISH VIRGIN ISLANDS value for our shareholders.” CNB, with its (8) Customer Service Cen- Tel: (284) 494 3737/8, Fax: (284) 494 3119 tres and largest fleet of (17) ATMs, is the only bank with a presence E-Mail: [email protected] on all three islands comprising the Cayman Islands. For more than 34 years, the Cayman National Group of Companies has provided its cus- National Bank of The Virgin Islands Ltd., formerly Development Bank tomers with a full range of domestic and international financial servic- of the Virgin Islands Ltd., was incorporated on February 1, 2005 under es to meet their personal or business financial objectives - full service the Companies Act, Cap 285 and was subsequently registered in the retail and corporate banking, online banking, investment services, BVI Business Companies Act with an authorised share capital of US$15 insurance brokerage, trust services, company formation, administra- million. However, the bank opened its doors in 1980 as a Statutory tion and management, fund management and wealth management. Corporation under the British Virgin Islands Development Bank Act The Group has also established itself as an integral part of the Cay- 1974. Effective April 1, 2005, the Development Bank of the Virgin man Islands, both in the community as well as in the financial arena. Islands (Transfer of Assets & Liabilities) Act, 2004, and the Develop- Cayman National also has operations in Panama and the Isle of Man. ment Bank of the Virgin Islands (Transfer of Assets & Liabilities) Vest- Cayman National Bank was voted 'Bank of the Year 2005 in the Cay- ing Order 2005 came into force to facilitate the new direction of the man Islands' by the Banker Magazine. CNB has a staff of (236) and bank. The bank now operates under a general banking license in its audited asset base at September 2007 was US$987 million. accordance with the Banks and Trust Companies Act, 1990. Wholly owned by the Government of the British Virgin Islands, DBVIL is tran- National Building Society (Cayman) sitioning from a purely developmental type institution into a commer- General Manager: Mr. Dunbar McFarlane cial banking entity. In addition to taking deposits, the Bank offers mort- 71 Eastern Avenue, Trinity Square, PO Box 504 G.T gages (commercial and residential), personal and consumer loans. Grand Cayman, CAYMAN ISLANDS Currently the bank operates from (1) branch, is staffed by (30) employ- Tel: (345) 945 2014, Fax: (345) 945 2015 ees and had an asset base of US$75.9 million as at December 2006. E-Mail: [email protected], Website: www.jnnbsc.com

71 members round-up

The National Building Society of Cayman (NBSC), “The Society”, was sistently realised a return on capital of at least 20% and manages established in the Cayman Islands in 1992 with its parent company assets in excess of 40% of the local banking industry. As one of the fully established in Jamaica. The Society provides home loans, mobilis- leading emerging financial institutions in the OECS, NBD had an asset es and maintains savings accounts, trades in foreign currencies and audited base of US$245 million as at June 2007. facilitates international money transfers. The Society has one branch location and has a staff complement of (14). NBSC’s mission states, “We are a Caymanian financial institution delighting local and interna- GRENADA tional customers with a range of superior savings, loans and other financial products and services.” Grenada Co-operative Bank Ltd. Managing Director: Mr. Richard W. Duncan NCB (Cayman) Ltd. # 8 Church Street, PO Box 135, St. George's, Managing Director: Mr. Phillip Harrison GRENADA Elgin Avenue, PO Box 31120 Tel: (473) 440 2111 EXT 222, Fax: (473) 440 6600 Grand Cayman, CAYMAN ISLANDS, KY1-1205 E-mail: [email protected] Tel: (345) 949 8002, Fax: (345) 949 4006 Website: www.grenadaco-opbank.com E-Mail: [email protected] Website: www.ncbcayman.com Grenada Co-operative Bank Ltd., often referred to as “Co-op Bank”, was established in 1932 out of a dire need for a bank that could pro- NCB (Cayman) Ltd. was incorporated in the Cayman Islands in Sep- vide service to the working class and small business owners. Seizing tember 1992. The company is a wholly-owned subsidiary of National the opportunity, the Bank began operations from a single branch in Commercial Bank Jamaica Ltd. The Bank's principal activities are the St. George's. Today, the bank has (135) staff offering a full range of provision of offshore private banking and financial services. The Com- commercial services at (5) branches and (10) ATMs. Grenada Co-oper- pany recently expanded into the money services business for the ative Bank Ltd. aims “To be the leading Grenadian provider of high Jamaican population in the Cayman Islands. The branch has a staff quality financial and related services to individuals and organisations complement of (9) employees. As of September 2007 the Bank had in local and international markets, maximising benefits for all stake- an audited asset base of US$62 million and realised a profit of US$1.2 million. holders." The bank recognises that when it comes to finances, a car- ing and understanding relationship is everything. As at September 2007 the audited asset base was US$140 million. DOMINICA Republic Bank (Grenada) Ltd. National Bank of Dominica Managing Director - Mr. Daniel A. Roberts Managing Director: Mr. Gregory de Gannes Republic House, Grand Anse, PO Box 857, CAIB Rep: Mr. Michel Williams, Assistant General St. George’s, GRENADA Manager Tel: (473) 444 2265, Fax: (473) 444 5501 64 Hillsborough Street, PO Box 271, Roseau, E-Mail: [email protected] DOMINICA Website: www.republicgrenada.com Tel: (767) 255 2300, Fax: (767) 448 3982 Republic Bank (Grenada) Ltd., formerly The National Commercial Bank E-Mail: [email protected] of Grenada Ltd., was established in October 1979 with its first branch Website: www.nbdominica.com in Grenville, St. Andrew. During the ensuing decade the Bank expand- National Bank of Dominica (NBD) traces its origins to March 1978 when ed its network to eight (8) branches across the tri-island State of Grena- it started its operations as National Commercial & Development Bank. da, which includes Carriacou and Petite Martinique. A subsidiary of In December 2003, the Bank privatised its holdings and became Trinidad based parent company Republic Bank Ltd. since 1992, the National Bank of Dominica. NBD earned a reputation of being innova- Bank changed its name and re-branded in April 2006 when it adopt- tive and product savvy, delivering a wide portfolio of loan and deposit ed the Republic Bank Brand. On June 25th 2008, the Bank became instruments to its customers, and was among the first in the region to the first Grenadian corporation to list its shares on the Eastern offer an International Debit Card on a Visa platform. The bank has (5) Caribbean Securities Exchange (ECSE) The Bank is committed to pro- branches with a staff complement of (133) employees and (8) ATMs viding personalised, efficient and competitively priced financial servic- at (7) locations across the island. It offers loan syndication through a es and implementing sound policies that redound to the benefit of related company, Caribbean Financial Services Corporation, a Mer- customers, staff and shareholders. It has a wide distribution channel chant Bank based in Barbados, and offers investment management which includes telephone banking and (10) ATMs. The Bank has services through a wholly owned subsidiary, National Mortgage received several Good Corporate Citizen Awards annually including Finance Company Ltd., a licensed Broker/Dealer on the ECSE. NBD’s the Best Corporate Citizen Award among commercial banks in the mission “To maximise shareholders’ value, provide excellent customer OECS by the ECCB in 2001, 2003, 2004 and 2006. Staffed by (249) service, and improve the quality of life in the communities we serve employees, the Bank had an audited asset base of US$252.5 million and to be the employer of choice” epitomises the Bank’s continued awareness of the changing environment within which it operates, as at September 2007. including the opening of markets through CSME. The Bank has con-

72 members round-up GUYANA branches located at Camp Street and Thirst Park, Georgetown, Pari- ka, East Bank of Essequibo and Bartica, Essequibo River. The Bank Caribbean Community Secretariat (CARICOM) had total audited assets of US$91.6 million as at September 30, 2007 (Honorary Member) accounting for a 12.0% market share of the banking sector. Secretary General: Mr. Edwin Carrington CAIB Rep: Mrs. Enid Bissember Guyana Bank for Trade and Industry Ltd. Senior Project Officer, Economic Policy Chief Executive Officer: Mr. Radhakrishna Sharma P.O. Box 10827, Turkeyen, CAIB Rep: Mr. John Tracey, Director-Credit Greater Georgetown, GUYANA 47-48 Water Street, P. O. Box 10280, Tel: (592) 222 0001/75, Fax: (592) 222 0171 Georgetown, GUYANA E-Mail: [email protected] Tel: (592) 226 8430/9, Fax: (592) 227-1612 Website: www.caricom.org E-Mail: [email protected] In 1972, Commonwealth Caribbean leaders at the 7th Heads of Gov- Website: www.gbtibank.com ernment Conference decided to transform the Caribbean Free Trade Guyana Bank for Trade and Industry Ltd. has a rich and successful his- Association (CARIFTA) into a Common Market and establish the tory that dates back to the establishment of the first commercial bank Caribbean Community, of which the Common Market would be an inte- in British Guiana in 1836, and was part of the Bank network gral part. The signing of the Treaty establishing the Caribbean Com- up to 1987 when Barclays sold their local operations to the Govern- munity, Chaguaramas, 4th July 1973, was a defining moment in the ment of Guyana, and the Bank was renamed Guyana Bank for Trade history of the Commonwealth Caribbean. Although a free-trade area and Industry Ltd. In 1991, GBTI became a public company and now had been established, CARIFTA did not provide for the free movement has over 1,800 shareholders, including a majority shareholder. GBTI of labour and capital, or the coordination of agricultural, industrial and provides an extensive range of services to its corporate and individual foreign policies. The Community has the following objectives: (a) clients through its (9) countrywide branches staffed by (259) employ- improved standards of living and work; (b) full employment of labour and other factors of production; (c) accelerated, coordinated and sus- ees. A range of business and investment accounts cater to individuals tained economic development and convergence; (d) expansion of and the business community, and financing is offered under the GBTI trade and economic relations with third States; (e) enhanced levels of Quality Lifestyle and Commercial Loan Plans. The Bank also provides international competitiveness; (f) organisation for increased produc- international business services such as money transfer, bills for col- tion and productivity; (g) the achievement of a greater measure of eco- lection, bills discounting, and pre-export financing, as well as technol- nomic leverage and effectiveness of Member States in dealing with ogy-based services such as Visa Prepaid & Credit Cards, Telephone 3rd States, groups of States and entities of any description; (h) Banking and Debit Cards for its network of (14) ATMs and POS Termi- enhanced co-ordination of Member States' foreign economic policies; nals located throughout the country. The Bank has built up a reputa- and (i) enhanced functional co-operation. tion for innovative, efficient and quality service to its customers and embraces its responsibility as a good corporate citizen through its var- Citizens Bank Guyana Inc. ied and sustained nation building contributions. The Bank has market Managing Director: Mr. Eton Chester share of 21% in assets, 21% in deposits, and 22% in lending. GBTI is 201 Camp & Charlotte Streets, Lacytown, the second-largest commercial bank in Guyana, with an audited asset Georgetown, GUYANA base of US$214 million at December 2007. Tel: (592) 226 1708/9, Fax: (592) 227 8251 E-Mail: [email protected] Hand-in-Hand Trust Corporation Inc. Citizens Bank Guyana Inc. was incorporated in November 1993 and General Manager: Mr. Hewley Nelson commenced business in November 1994 as a wholly owned subsidiary 62-63 Middle Street, PO Box 10569, North of Citizens Bank Jamaica Ltd. The administrative office and main Cummingsburg, branch of Citizens Bank Guyana Inc. is situated at lot 201 Camp and Georgetown, GUYANA Charlotte Streets, Lacytown, Georgetown. In September of 1996, Citi- Tel: (592) 227 1772, Fax: (592) 226 9971 zens Bank Jamaica Ltd. reduced its ownership of Citizens Bank E-Mail: [email protected] Guyana Inc. to 70% and in November of 1998, existing Guyanese Website: www.gncbtrust.com shareholders acquired the remaining 70% shareholding in Citizens Bank Guyana Inc. held by Citizens Bank Jamaica Ltd. Banks DIH Ltd., Hand-in-Hand Trust Corporation Inc., formerly GNCB Trust Corporation a company incorporated in Guyana, acquired sufficient additional Inc., was incorporated in 1971 as a wholly owned subsidiary of the shares to enable it to own 51% of the share capital of the Bank. Other Guyana National Cooperative Bank Ltd. In 1977, it was incorporated major shareholders of the Bank are the Continental Agencies Ltd. as a public company but later privatised and is now owned 90% by 16.7% and the Hand-in-Hand Insurance Group with 16.5%. 68 share- Hand-in-Hand Group of Companies and 10% by the Government of holders, including 11 employees, hold the remaining 15.8%. The bank’s Guyana. Staffed by (46) employees, it is the largest fund manager in mission is “To attain Distinguished Leadership through a team of Pro- Guyana. Its mission is "To complement the services provided by other fessionals delivering Innovative, Superior Service to our Customers.” institutions the sum of which is the improvement of the quality of life It is staffed by (79) employees and has (8) ATMs, located at conven- of the people of our community." Its audited asset base stood at ient points around the capital, Georgetown and at each of its (4) US$35.5 million as at June 2007.

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members round-up Republic Bank (Guyana) Ltd. au-Prince, the capital, and (16) in 14 provincial cities. With more than Managing Director: Mr. Edwin H. Gooding 700,000 depositors, it has the largest number of clients in the bank- P.O. Box 10440, Promenade Court ing sector. UNIBANK and its affiliates employ (1,874) people, of which 155-156 New Market Street, South Cummingsburg, 73 are in the USA and Canada. Its subsidiary in the United States, Georgetown, GUYANA UNITRANSFER, is licensed by the Banking Departments of various Tel: (592) 223 7938/49, Fax: (592) 227 4523 states and presently does business in Florida, New York, Massachu- E-Mail: [email protected] setts, New Jersey, Connecticut, Georgia, Illinois, Maryland, Louisiana, Website: www.republicguyana.com Pennsylvania and Rhode Island. UNITRANSFER also operates, direct- Republic Bank (Guyana) Ltd. formerly National Bank of Industry and ly or through agents, in Canada, , Turks and Caicos, Commerce Ltd. (NBIC) has been part of Guyana's landscape for more Jamaica, Aruba, Curaçao, Dominica, the French Antilles and the than 17 decades. It is the successor to the British Guiana Bank which Dominican Republic. Founded in July 1993, UNIBANK has transformed commenced operations in 1837. In 1914, British Guiana Bank's opera- itself, without mergers or acquisitions, into one of Haiti’s leading finan- tions were sold to the Royal Bank of Canada, which was later acquired cial institutions, ranking 1st or 2nd in all important areas of the bank- by the Government of Guyana in 1984, and vested in the National Bank ing business, with August 2008 assets of US$744 million (unaudited) of Industry and Commerce Ltd. In October 1997, 47.5% of the shares and a 30% market share. Its audited assets on September 30, 2007 held by the Government and the National Insurance Scheme was sold were US$682 million. to Republic Bank Ltd. of Trinidad and Tobago, which today holds 51% of the stockholdings of the bank. Republic Bank (Guyana) Ltd. oper- ates from (10) locations with a staff of (571) as at September 2008. It JAMAICA has a total of (27) ABMs at (13) locations. The Bank’s mission is “To provide Personalised, Efficient and Competitively priced Financial Ser- Capital & Credit Merchant Bank Ltd. vices and to Implement Sound Policies which will redound to the ben- President & Chief Executive Officer: Mr. Curtis A. Martin efits of our Customers, Staff and Shareholders.” It aims to realise its 6 - 8 Grenada Way, Kingston 5, JAMAICA commitment to the economic development of Guyana through contin- Tel: (876) 960 5320, Fax: (876) 960 1381 uous innovation and the use of modern technology driven by its sound E-Mail: [email protected] leadership and corporate social responsibility. Its asset base as at Sep- Website: www.capital-credit.com tember 2008 was approximately US$412.6 million. Capital & Credit Merchant Bank Ltd. (CCMB), now in its 15th year of operation, remains the flagship company of an expanded group of com- HAITI panies - the Capital & Credit Financial Group. Primarily engaged in the business of Merchant and Investment Banking, Capital & Credit Mer- UNIBANK S.A. chant Bank since its genesis in 1994, has moved from being the small- Chairman & Chief Executive Officer: Mr. F. Carl Braun est merchant bank operating in Jamaica, to becoming the leader CAIB Representatives: Mr. Franck Helmcke, Senior EVP among its peers in the industry. The Capital & Credit Financial Group & General Manager; is committed to providing superior value-added financial services of Mr. Lyonel Dartiguenave, EVP & Deputy General internationally competitive standards that are safe, solid and secure Manager and in May this year was re-structured and expanded to a five-mem- P.O. Box 46, Port-au-Prince, HAITI HT 6110 ber group of companies: Capital & Credit Merchant Bank Ltd.; Capital Tel.: (509) 299-2080 thru 299-2086 & Credit Securities Ltd. – a member of the Jamaica Stock Exchange Fax: (509) 299-2067 and a primary dealer of Government Securities; Capital & Credit Fund E-mail: [email protected] Managers Ltd. – a fund management company; Capital & Credit Remit- Website: www.unibankhaiti.com tance Ltd., - a money transfer services company and the latest addi- UNIBANK is a commercial bank incorporated under the laws of Haiti. tion, Capital & Credit International Inc., a US NASD registered broker Privately-owned, it belongs to 370 Haitian shareholders, who are well- dealer based in Florida, USA. In intensifying its financial focus, Capital known industrialists, merchants, professionals and investors. UNI- & Credit Merchant Bank continues its commitment to the people and BANK is the parent company of a diversified financial services group, future of the Caribbean and the Diaspora through the provision of supe- the “Groupe Financier National” (GFN), which operates in the follow- rior products and services and by playing its role as a good corporate ing areas: Commercial banking (UNIBANK); Investment and merchant citizen. Its branches are strategically located in the major business banking (UNIFINANCE); Remittances from Haitians living abroad (UNI- districts of Jamaica - Montego Bay, Ocho Rios and Kingston. Capital & TRANSFER); Micro-credit (MICRO CREDIT NATIONAL); Consumer Credit Merchant Bank is the first Jamaican Merchant to record over credit (UNICREDIT); Credit cards (UNICARTE); Real estate investments US$36M in Shareholders’ Equity and the first to be listed on the (IMMOBILIER S.A.-IMSA); Management consulting (CAPITAL CON- Jamaica and Trinidad &Tobago Stock exchanges. As at December 31, SULT); and Investment company management (SOCIETE NATIONALE 2007, the Merchant Bank recorded total Audited Assets Under Man- D’INVESTISSEMENT – SNI), with interests in industry and distribution. agement of US$452.27 million and a consolidated group achievement UNIBANK and its group of companies are authorised to operate (CCMB and its former two subsidiaries Capital & Credit Securities Ltd. throughout Haiti, and are present in all of the major cities. With (45) and Capital & Credit Fund Managers Ltd.- (both licensed by the Finan- branches, UNIBANK has Haiti’s largest branch network (29) in Port- cial Services Commission) of US$772.02 million.

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members round-up First Global Bank Ltd. money market broker and dealer in Jamaica. The vision was to pro- President: Mr. Wayne Wray vide investment services to a wider cross section of Jamaican people. Sagicor Centre, 28-48 Barbados Avenue Since then JMMB has established (2) subsidiaries. JMMB has (350) Kingston 5, JAMAICA team members across (8) branches and (6) electronic transaction Tel: (876) 929 3383/6, Fax: (876) 929 3654 machines island-wide to ensure convenient access to more than E-Mail: [email protected] 120,000 clients. The JMMB Group began its expansion to other Website: www.firstglobal-bank.com Caribbean Markets in 2002, through joint ventures, and has become First Global Bank Ltd. (FGB), a wholly-owned subsidiary of Grace a successful active player in Trinidad and Tobago with Caribbean Kennedy, began operations under its current name in January 2001. Money Market Brokers (CMMB) Ltd. and its equities arm CMMB Secu- It has (3) branches in Kingston, (1) in Montego Bay and (1) in Mandev- rities Ltd. (CMMBSL). Similar ventures have also been established in ille. FGB continues to distinguish itself by providing value-added com- Barbados and Saint Lucia. In 2005 JMMB also established a joint ven- mercial banking products and services to Caribbean people world- ture with Intercommercial Bank Ltd. in Trinidad and Tobago. In keep- wide, through its debit card services; online banking facilities; certifi- ing with its Vision 2025, JMMB’s strategic expansion continued in cates of deposit; chequing and savings accounts; foreign exchange October 2007 with the official opening of JMMB BDI America in the trading and corporate and retail lending, including loans and credit Dominican Republic, thus proving once again that the formula, Vision cards. The bank’s mission is “To consistently create value for our cus- + Values + Expertise = Phenomenal Success. JMMB’s audited asset tomers, through innovative products and services that satisfy their base as at March 2008 was $US1.4 billion. banking needs.” With its head office located in the heart of Jamaica’s business capital, FGB is currently staffed with just over (200) employ- Jamaica National Building Society ees and had an asset base of approximately US$370 million, as at General Manager: Mr. Earl W. Jarrett December 2007. 2-4 Constant Spring Road. Kingston 10, JAMAICA Intertrade Finance Corporation Ltd. Tel: (876) 926 1344-9/926 1600/3 Executive Chairman: Mrs. Joan Powell Fax: (876) 968 6596/926 7661 Vice President: Mr. Leroy Paul E-Mail: [email protected] 23 Barbados Ave., PO Box 533, Kingston 5, JAMAICA Website: www.jnbs.com Tel: (876) 920 0402/4, Fax: (876) 920 0105 The Jamaica National Building Society, “The Society”, was established E-Mail: [email protected] in 1874 under the name of Westmoreland Building Society. The Soci- Intertrade Finance Corporation Ltd. is a privately owned financial inter- ety is licensed in Jamaica under the Building Societies Act and the mediary which was incorporated in Jamaica in April 1995 and com- Bank of Jamaica (Building Societies) Regulations 1995 and is a mutu- menced operations in June 1995. It is regulated and supervised by al organisation which is owned by its members and is run for the ben- the Central Bank of Jamaica and the Financial Services Commission efit of its members with all holders of shares (savings accounts) hav- and ranked in the top five non-bank financial institutions. Known for ing one vote. JNBS’ mission states, “We are a mutual organisation sat- its innovativeness, it was the first financial institution in Jamaica to isfying our members and customers with a competitive range of sav- develop a corporate bond. Its principal activities include funds man- ings, mortgage loans, financial and other services, directly and through agement in all the major currencies, international trade, trading in our subsidiaries.” JNBS is the leading building society in Jamaica and securities and foreign currency trading. The company is a Securities the Caribbean and remains the third largest financial institution in Dealer and acts as a broker in Government instruments such as Trea- Jamaica in terms of its assets, capital base and savings among local sury Notes/Bills and Bonds. Since the start of its operations in 1995, commercial banks, building societies and licensees under the Finan- the company has grown and as at June 2007 had over US$806.30 cial Institutions Act, for the financial year ended March 2008. The million funds under management and assets of US$11.2 million. Society provides home loans, savings accounts, trades in foreign cur- rencies and facilitates international money transfers. The Society has Jamaica Money Market Brokers Ltd. (JMMB) an extensive distribution network with (873) staff members, (36) Group Chief Executive Officer: Mr. Keith Duncan ATMs, (24) branches, and (5) money shops in Jamaica as well as Over- Group Executive Director: Mrs. Donna Duncan-Scott seas Representative Offices in the USA, Canada and the UK. The par- Group Executive Director: Mrs. Patricia Sutherland ent of a diverse group, JNBS has (9) subsidiaries including JN Fund 6 Haughton Terrace, Kingston 10, JAMAICA Managers Ltd. with funds under management of US$176.5 million. As Tel: (876) 920 5050/998-JMMB (5662) at March 2008, JNBS’ audited asset base was US$933 million and Fax: (876) 926-3685 JNBS Group’ audited asset base was US$1.28 billion. E-Mail: [email protected] Website: www.jmmb.com National Commercial Bank Jamaica Ltd. Jamaica Money Market Brokers Ltd. (JMMB) has, since inception, Group Managing Director: Mr. Patrick Hylton established itself as the leading money market broker in the Caribbean. 32 Trafalgar Road, Known for its pioneering spirit, the company has consistently intro- PO Box 88, Kingston, JAMAICA duced new products and services to investors and empowered all its Tel: (876) 929 9050/89, Fax: (876) 929 8399 clients, both individual and institutional. The brainchild of the late Joan E-Mail: [email protected] Duncan, JMMB opened for business in November 1992 as the first Website: www.jncb.com

77 members round-up National Commercial Bank Jamaica Ltd.’s (NCB) tagline, “Building a ST KITTS & NEVIS better Jamaica” is especially apt as the organisation’s roots have been in Jamaica for 170 years. Beginning in 1837, when the Colonial Bank St. Kitts-Nevis-Anguilla National Bank Ltd. of London, England, commenced operations in Jamaica and through Managing Director: Mr. Edmund W. Lawrence a series of mergers and acquisitions, it became National Commercial CAIB Rep: Mr. Winston Hutchinson Bank Jamaica Ltd. in 1977. In 2002, the AIC Group, led by Jamaican- Senior Manager, Comptroller Division Canadian billionaire Michael Lee-Chin, acquired 75% of the shares. Central Street, PO Box 343, Basseterre, ST. KITTS With the backing of AIC Ltd., Canada’s largest privately held mutual Tel: (869) 465 2204 Ext 1507, Fax: (869) 465 1050 fund company, NCB has strongly positioned itself as the country’s E-Mail: [email protected] largest financial institution, employing more than (2500) individuals Website: www.sknanb.com and serving one million individuals and businesses. NCB offers a wide St. Kitts-Nevis-Anguilla National Bank Ltd. was incorporated as a public range of banking and financial services through a network of (47) limited company in February 1971 after acquiring the assets of St. Kitts branches and more than (166) island-wide ABMs, Internet Banking Industrial Bank Ltd. In February 1972, this commercial bank established and a toll-free Customer Care Centre. It has a representative office in National Trust Company (St. Kitts-Nevis-Anguilla) Ltd. and in 1973, the UK and a subsidiary in Cayman and the UK. Among its milestones: National Caribbean Insurance Company Ltd. became a wholly-owned In 1983, NCB became the first Jamaican bank to have deposits in subsidiary of the Trust Company. To meet the needs of the market, the excess of J$1.0 billion. We are also the first bank in Jamaica to access bank in 2001 established St. Kitts and Nevis Mortgage and Investment a Caribbean Information and Credit Rating Services Ltd.’s (CariCRIS) Company Ltd. The Bank, Trust Insurance and Mortgage Companies credit rating which indicates NCBJ’s commitment to openness and comprise the National Bank Group of Companies. The Bank operates transparency in its operations across the Caribbean. It also launched from (5) branches and (1) sub-office and has (16) ATMs. Its (153) employees pursue the group's mission "To be the efficient, profitable the first Jamaican credit card, “Keycard” in 1981 and is the leader in and growth-oriented financial group, promoting social and economic the card acquiring business, serving more than 65,000 credit card development in the national and regional community by providing high holders. NCB is the first bank to offer Internet Banking and Mobile quality financial services and products at competitive prices." The Bank Point of Sale machines for cardholders in Jamaica. In keeping with had an asset base of US$598 million as at June 2006. technology and being innovators in the financial sector NCBJ is also the first bank to launch On-line loan and Credit Card Application sys- The Bank of Nevis Ltd. tem for customers. The core subsidiary companies comprise NCB Cap- General Manager: Mr. Everette Martin ital Markets Ltd., which offer securities, stock brokerage, fund and Address: PO Box 450, Main Street Charlestown, NEVIS investment management services; NCB Insurance Company— banc- Tel: (869) 469 5564/469 1318 assurance and pension fund management; NCB (Jamaica) Nominees— Fax: (869) 469 5798/ 469 1039 registrar services; NCB (Cayman) Ltd.—off-shore banking services; E-Mail: [email protected] and NCB Remittance Services (UK) Ltd. and NCB Remittance Services Website: www.thebankofnevis.com (Cayman) Ltd—remittances. The company is one of the largest finan- The Bank of Nevis Ltd. is a public company incorporated on August cial institutions in Jamaica with audited total assets at September 29, 1985 under the laws of the Federation of Saint Christopher and 2007 of US$3.5 billion, total equity of US$396.58 million, and Profits Nevis. It is licensed to conduct banking activities under the Banking of US$94.28 million, a 20% increase over the prior year. Act of Saint Christopher and Nevis of 1991. The Bank of Nevis oper- ates from (1) branch with (1) ATM and a staff complement of (62). Its mission is “to be a profitable and compliant financial institution, proac- MONTSERRAT tive in exceeding our stakeholders’ expectations with a committed and empowered team”. The vision of The Bank of Nevis is “To be the pre- Bank of Montserrat Ltd. ferred financial institution in the markets we serve”. In July 1998, the Manager: Mr. Anton Doldron Bank’s offshore activities and operations were transferred into a newly PO Box 10, Brades, formed subsidiary company, Bank of Nevis International Ltd. which is MONTSERRAT licensed to carry on the business of Offshore Banking as contemplat- Tel: (664) 491 3843, Fax: (664) 491 3163 ed by the Nevis Offshore Banking Ordinance No. 1 of 1996. The audit- ed consolidated asset base of the bank was US$112.6 million as at E-Mail: [email protected] June 30, 2007 Bank of Montserrat Ltd. began its operations in 1988 as a government -owned institution. Its vision is “To become the leading commercial Caribbean Credit Card Corporation Ltd. bank in Montserrat and a major regional bank in the Eastern Caribbean (Associate Member) serving a diverse customer base locally, regionally and international- General Manager: Mr. Jessel Gadsby ly.” The bank has (1) ATM and a staff compliment of (24). The audited PO Box 993, Bladen Commercial Development, assets of the bank totaled US$68.7 million as at September 2007. Basseterre, ST. KITTS Tel: (869) 466 6517, Fax: (869) 465 0890 E-Mail: [email protected] Website: www.4csonline.com

78 members round-up Caribbean Credit Card Corporation Ltd. (4C’s) was incorporated in of serving the country, in response to the fierce competition in the Antigua in September 1992 and re-registered in St. Kitts & Nevis in commercial banking sector, and the in-roads being made by non-tradi- January 1994. Commencing commercial activities in July 1994, it con- tional finance companies, the Bank developed a comprehensive re- ducts credit card operations under Visa and MasterCard licensing imaging strategy that incorporated a new corporate signature consist- arrangements. 4C’s operates from (1) branch, is staffed by (26) ing of a logo and tagline; new external signage for its buildings; repack- employees and strives “to be a leading provider of competitive, high- aged collateral material; and a launch jingle and video commercial. quality, value-added, financial and related services using state of the The ‘new’ bank was re-launched in December 2005, and has stead- art technology.” Owned by the indigenous banks in the OECS sub- fastly maintained its core values of Integrity, Professionalism and Con- region, 4C’s had an asset base of US$16.4 million as at September 2007. fidentiality. Its mission is “To contribute to national development by creating value for shareholders through the provision of financial serv- ices to local, regional and international individuals and corporate SAINT LUCIA clients. This will be achieved by creating value and satisfaction for our customers through excellent service driven by a highly skilled, empow- Bank of Saint Lucia Ltd. ered, visionary and inspired team using appropriate technology sup- Group Managing Director: Mr. Robert Norstrom ported by good corporate governance”. In January 2007, 1st National Bridge Street, P.O. Box 1860, Castries, SAINT LUCIA Bank St. Lucia Ltd. was voted “Banking Institution of the Year, 2006” Tel: (758) 456 6000, Fax: (758) 456 6702 by the St. Lucia Chamber of Commerce Industry and Agriculture, E-Mail: [email protected] underscoring its commitment to contributing to the improvement of Website: www.bankofsaintlucia.com the economic and social standards in Saint Lucia as well as its accel- Bank of Saint Lucia Ltd. (BOSL) started its operations in July 2001 fol- erated growth and expansion. This year the Bank celebrates 70 years lowing the merger of the National Commercial Bank of Saint Lucia Ltd. of service to the people of Saint Lucia. The Bank currently operates and the Saint Lucia Development Bank. The Bank along with Bank of (4) branches around the island, (6) ATMs and (2) Bureaux de Change Saint Lucia International Ltd. and EC Global Insurance Company Ltd., strategically located at the air and sea ports providing much needed Mortgage & Finance Company St. Lucia, ECFH Global Investment Solu- service to the traveling public. The Bank has a staff complement of tions Ltd. and Property Holding & Development Company Ltd. are sub- (94) and had an audited asset base of US$130 million as at Decem- sidiaries of the East Caribbean Financial Holding Company Ltd. The ber 2007. Bank’s Vision is: “Global Growth from Local Roots”; its Mission State- ment is: “To be customer-focused, innovative and efficient - to be the preferred provider of superior financial products and services through ST VINCENT & caring, professional staff and appropriate technology - to exceed share- holder expectations and be a catalyst for development.” BOSL current- THE GRENADINES ly operates a total of (5) branches with a staff complement of (318) employees providing a wide range of financial and related services National Commercial Bank (SVG) Ltd. including corporate, retail, development and wealth & asset manage- Chief Executive Officer: Mr. Phillip Hernandez ment. It has (9) full service ATMs and (11) Cash Dispensers. The Bank CAIB Rep: Ms. Nandi Williams, Corporate Secretary enjoyed a 54% market share and had an audited asset base of Bedford & Grenville Streets, US$590 million as at December 2007. PO Box 880, Kingstown, ST. VINCENT CMMB Ltd. (St Lucia/OECS) Tel: (784) 457 1844, Fax: (784) 456 2612 Regional Manager: Mr. Sean Spiers E-Mail: [email protected] Ms. Carole Eleuthere-JnMarie, Country Manager /[email protected] 9 Brazil Street, Castries, SAINT LUCIA National Commercial Bank (SVG) Ltd. which was established in 1977 Tel: (758) 450 2662; Fax: (758) 451 7984 and has a staff complement of (206) operates from its main branch E-Mail: [email protected] at Bedford Street, Kingstown and (5) branches throughout St. Vincent Website: www.mycmmb.com and the Grenadines. The mission statement of this wholly Government (Please refer to CMMB Ltd. Trinidad & Tobago for full profile) owned bank is "To build a financial institution that meets the highest standard of Customer Service, Integrity and Financial Strength, while 1st National Bank St. Lucia Ltd. maximising Shareholders’ Value. We shall achieve our aim by focus- Managing Director: Mr. G. Carlton Glasgow ing on providing quality service to our customers, rewarding careers # 21 Bridge Street, PO Box 168, Castries, SAINT LUCIA for our staff and building deeply rooted alliances in the communities Tel: 1 758 455 7000, Fax 1758 453 1630 we serve." The Bank has (11) ATMs and offers internet banking to its E-mail: [email protected] customers. Its audited asset base as at June 2007 was US$243.5 mil- Website: www.1stnationalbankonline.com lion. 1st National Bank St. Lucia Ltd. is the first indigenous Bank in Saint Lucia. Having been incorporated in 1937, it commenced operations in 1938 under the name St. Lucia Co-operative Bank Ltd. After 67 years

79

members round-up SURINAME Surichange Bank N.V. Managing Director: Mr. Stanley P. Mathura MSc. QT De Surinaamsche Bank N.V (Also commercially Dr. Sophie Redmondstraat 71 known as DSB Bank) Paramaribo, SURINAME Tel: 011 (597) 471261/Fax: 011 (597) 520740 President: Mr. Sigmund L.J. Proeve Email: [email protected] Henck Arron Street NR 26, Website: www.surichangebank.sr PO Box 1806, Paramaribo, SURINAME Tel: (597) 471100/(597) 425720, Fax: (597) 411750 Surichange Bank N.V. was established in May 1996 and opened its E-Mail: [email protected] doors to the public on 9th September, 2005. The Bank’s mission is Website: www.dsbbank.sr “To strive to offer customised financial products as much as possible. In addition, it offers a coherent package of banking, investment and De Surinaamsche Bank N.V. was founded in 1865 by the Nederland- insurance products; a package that is tuned to the requirements of sche Handel-Maatschappij which later merged with the Twentse Bank today and tomorrow”. The Bank’s strategic underpinning is linked with to become Algemene Bank Nederland. In 1976 the Government of Suri- it staying in tune with the signals from the market, interpreting the name bought 10% of the shares while 41% was taken up by private wishes of its clients clearly and rapidly translating these into satisfy- investors and 49% remained with Algemene Bank Nederland; ABN ing customer-friendly products; aiming always to succeed in applying later merged with AMRO Bank to form ABN AMRO Bank N.V. De Suri- greater differentiation within each group of product offering. It serves naamsche bank functioned as the circulation bank for the Government its clients from its (1) branch staffed with (48) employees, through its of Suriname until 1957. In July 2001 ABN AMRO Bank N.V. sold its payment offices, the independent intermediary, the internet and the 49% participation in De Surinaamsche Bank to ASSURIA N.V, an insur- telephone. As at December 2007, it had an audited asset base of ance company in Suriname. The Bank operates from its head office US$18 million. and (7) branches, has (44) ATMs and is staffed by (344) employees. The Bank's mission is "To offer a wide diversity of top-quality products through the services of enthusiastic and expert staff. Our leadership TRINIDAD & TOBAGO position and professional knowledge of the banking industry, our exten- sive domestic branch network and participation in international strate- Caribbean Centre for Money and Finance gic alliances provide a solid basis for realising this vision. Our constant (Honorary Member) aspiration in this connection is to create a win-win situation both for Executive Director: Dr. Delisle Worrell the bank and for the customer, resulting in a sustained increase in The University of the West Indies profitability. The win-win situation entails among other things: creating St Augustine Campus, TRINIDAD & TOBAGO the most favourable possible benefits for our customers, sharehold- Tel: (868) 645 1174, 1610, Fax: (868) 645 6017 ers and society in general.” Its audited asset base exceeded US$549,4 E-Mail: [email protected] million as at June 30 2008. Website: www.ccmf-uwi.org Handels-Krediet-en Industriebank N.V. In May 2008 the Governors of Caribbean Central Banks that contribute (Hakrinbank NV) to the funding of the Caribbean Centre for Monetary Studies expand- ed the Centre’s mandate to include issues in finance, banking and Chief Executive Officer: Mr. Jimmy D. Bousaid investments. The Centre was renamed and this 40-year old institution De Sophie Redmondstraat 11-13 is now called the Caribbean Centre for Money and Finance (CCMF) in PO Box 1813, Paramaribo, SURINAME recognition of it expanded mandate and the inclusion of new funding Tel: (597) 477722, Fax: (597) 472066 principals from private financial institutions in the Caribbean. The Cen- E-Mail: [email protected] tre had evolved out of the previous Regional Programme of Monetary Website: www.hakrinbank.com Studies (RPMS), a programme which was established in 1968 as a Hakrinbank N.V. is a commercial bank established in Suriname in 1936 partnership between the Central Banks of CARICOM and the Universi- and had as its predecessor Vervuurt's Bank L.L.C. In 1973 the Bank ties of the West Indies and Guyana. In 1995, the activities of this insti- was reorganised and its name was changed to Handels-Krediet-en tution were consolidated and centralised as the Caribbean Centre for Industriebank, fondly called Hakrinbank. The Mission statement of this Monetary Studies. The CCMS built on the solid research foundation institution is "A dynamic, innovative Bank that provides its clients with of the old RPMS, while enhancing efforts in the area of Central Bank a comprehensive range of high quality, customised financial services. training. The new Caribbean Centre for Money and Finance (CCMF) Our highly skilled employees work together as a team to maximise is currently staffed by (10) employees and aims to facilitate high quali- client satisfaction.” During the second half of the eighties, two foreign ty research in monetary, financial and other issues relevant to the Cen- banks viz. Bank of America and Rabobank (Holland) divested their tral Banks and private enterprises in the regional financial sector. The shares, which were taken up by the state (51%) and private investors new Centre builds on the solid research foundation of its past while (49%). The Bank has as its subsidiary De Nationale Trust & Financier- enhancing efforts in the area of specialist financial training, the cre- ings Maatschappij N V. Current staffing at the Bank’s head office and ation of an adequate and specialist regional repository of financial (7) branches amounts to (256). The Bank has (25) ATMs and its audit- information and improving the region's research and forecasting capa- ed assets totaled approximately US$315 million as at June 30th 2008. bilities.

81 members round-up

Clico Investment Bank Ltd. CMMB Ltd. President: Mr. Richard Trotman Managing Director: Mr. Robert Mayers CAIB Rep: Mr. Andre Powder CAIB Rep: Ms. Carolyn John, Financial Consultant 1 Rust Street, St. Clair, Port of Spain, #1 Richmond Street, Ground Floor, Furness Court, TRINIDAD & TOBAGO Independence Square, Port of Spain, TRINIDAD & TOBAGO Tel: (868) 628 3628, Fax: (868) 628 3639 Tel: (868) 623 7815, Fax# (868) 627 2930 E-Mail: [email protected] E-Mail: [email protected] Website: www.cibtt.com Website: www.mycmmb.com CMMB Ltd. manages investments in debt and equity, government securities Clico Investment Bank Ltd. (CIB) was incorporated in Trinidad and Tobago in and corporate paper, underwrites Government Bonds and offers same-day June 1988 and is licensed to carry on business of a financial nature and to settlements for all fixed income transactions. CMMB provides a full range of operate the business of a merchant bank, finance house, confirming house, Fixed Income Products such as Fixed Income Paper, Caribbean & Latin Amer- trust company, mortgage institution and leasing corporation. The Bank oper- ican Bonds, Money Market Accounts, Derivatives and Portfolio Management ates from (3) branches, located in Port of Spain, Chaguanas and Tobago and Services. As a member of the Trinidad and Tobago, Barbados and Eastern has a staff complement of (72). The Bank's aim is "To provide a range of inno- Caribbean Stock Exchanges, CMMB also actively trades in equities thereby vative financial services of the highest quality to national and international ensuring that they provide a complete range of services that caters to all their financial markets, thereby contributing to the sustainable economic growth clients’ investing needs. CMMB Ltd.’s Mission Statement is “To create, devel- and development of the region, and in the process, creating maximum value op, educate and nurture the Capital Markets of the Caribbean”. It has for our stockholders." It is a wholly owned subsidiary of CL Financial Ltd., a emerged as a pioneer in the regional financial services sector and has raised leading Caribbean-based international conglomerate. The Bank has shown the level of awareness and sophistication of the capital markets in the region phenomenal growth and had an asset base of US$1.9 billion as at December through its numerous publications such as the Emerging Markets Weekly, 2006. the Stock Market Weekly, the Bond Guide and the IQ (Investment Quarterly). CMMB operates from (4) branches and has (138) staff and looks forward to expanding its services across the region and emerging markets. As at March 2008 CMMB Ltd. had just under US$1.3 billion in assets under management. members round-up First Citizens Bank Ltd. the Bank’s portfolio and profits earned First Citizens ‘First in Soundness’ in Chief Executive Officer: Mr. Larry Howai Trinidad & Tobago (2003), ‘Bank of The Year 2005’ from The Banker Maga- CAIB Rep: Mr. Dirk Smith zine and ‘Bank of the Year 2002’ from Latin Finance. First Citizens remains Corporate Manager - Treasury/International Trade Centre the only indigenous bank to float two US$100 million Bonds (February 2004 # 9 Queen's Park East, Port of Spain, TRINIDAD & TOBAGO & February 2005) and be admitted to the International Finance Corporation’s Tel: (868) 624 3178, Fax: (868) 627 4548/(868) 623 3393 (IFC) B-Loan Programme. In November 2005, First Citizens re-branded the E-Mail: [email protected] /[email protected] Group with the unveiling of its new symbol, representative of the coming Website: www.simplyfirst.net together of its customers’ needs and the organisation’s strengths, moving upwards towards success with the new logo receiving international commen- First Citizens Bank Ltd. was established in 1993 and over the course of 15 dation. Since then, First Citizens has been implementing processes to years, has evolved into one of the region’s leading and most dynamic improve its customer service and its range of products and services offered, providers of financial products and services. The Bank’s mission is “To build as well as re-structuring and re-designing its retail network. Overall, First Citi- a highly profitable financial services franchise renowned for innovativeness, zens continues to live its tag line "We Put You First." The First Citizens Group service excellence and sound corporate governance. We shall achieve our consists of First Citizens Bank Ltd., First Citizens Asset Management Ltd., aim by focusing on continuous improvement of systems and products, build- First Citizens (St. Lucia) Ltd., First Citizens Trustee Services Ltd., First Citi- ing a strong base of knowledge workers and creating strategic partnerships zens Securities Trading Ltd. and the First Citizens Sports Foundation. As at in key sectors that add value to our customers.” The Bank operates from its September 2007 the bank had an audited asset base of over US$2.4 billion, (23) branches and is staffed by (1,379) employees. It offers a full range of an increase of 19% over the previous year. retail, commercial and corporate banking services, in addition to merchant and trustee services, and has (67) ATMs strategically located throughout Trinidad and Tobago. First Citizens has the highest rating, (BBB+/A-2) from Intercommercial Bank Ltd. (IBL) Standard and Poor’s for an indigenous bank in the English-speaking (Associate Member) Caribbean and (Baa1/Prime-2) from Moody’s Investors Service, Inc. In deliv- Group CEO & Managing Director: Mr. Hugh Duncan ering service excellence, the First Citizens Group has developed a strong DSM Plaza, Old Southern Main Road, Chaguanas technology platform, winning accolades such as the Tyrone Samlalsingh Pin- TRINIDAD & TOBAGO nacle Award (2001, 2003 and 2005) for excellence in innovation, communi- Tel: (868) 665 4IBL (4425), Fax: (868) 665-6663 cations technology and e-commerce. The consistent incremental growth of E-Mail: [email protected] Website: www.ibltt.com members round-up

Intercommercial Bank Ltd. (IBL) celebrated ten years of growth and develop- Republic Bank Ltd. ment on June 8th 2008. Since opening its doors to serve the Trinidad & Managing Director: Mr. David Dulal-Whiteway Tobago community from the site of its first Branch in Chaguanas, IBL estab- CAIB Rep: Mr. Roopnarine Oumadesingh lished a second branch in the busy commercial centre of Marabella in 2000 General Manager- Treasury and incorporated Intercommercial Trust and Merchant Bank Ltd. (ITMBL), a 9-17 Park Street, Port of Spain, TRINIDAD & TOBAGO wholly owned subsidiary of IBL, in 2001. IBL has (2) ABMs, one each at both Tel: (868) 623 1056, Fax: (868) 624 1282 its commercial banking locations. The IBL Group is a product of the strategic E-Mail: [email protected]/[email protected] alliance of Jamaica Money Market Brokers Ltd. (JMMB), Jamaica's leading Website: www.republictt.com brokerage house and three companies promoted by Steel Magnate Lakshmi Republic Bank’s history is the evolution of a story of continual financial N. Mittal. IBL offers a wide range of banking services through its Retail and growth, professional and personal development, and successful collabora- Commercial Banking Division, Group Treasury and Corporate & Investment tion with communities to bring about positive change. Starting 170 years ago Banking Unit including Debt and Equity Arranging and Underwriting; Project with the formation of the Colonial Bank in 1837, the Bank would later become Financing; Commercial Paper and Business and Financial Advisory Services. Barclays Bank of Trinidad and Tobago Ltd. in 1972 and eventually make the The IBL Group’s intellectual capital base comprises highly qualified team transition to a Bank of the nation, by becoming Republic Bank Ltd. in 1981. members with in-depth working experience in retail and commercial bank- One of the largest and most successful indigenous banks in the Caribbean, ing, corporate finance, investment banking and capital markets, trade servic- Republic Bank has a diverse portfolio of products and services designed to es and finance, securities trading and other highly specialised financial instru- satisfy the growing needs of its retail banking customers, corporate clients ments. The Group resonates with its commitment to be a customer-centric, and Governments throughout the Caribbean. Building on a strong relation- service oriented financial institution. It does this by ensuring that business is ship with the communities in which it operates, Republic Bank has also cham- conducted with trust, openness, integrity and love – core values which are at pioned the cause of young, elderly and indigent all the while promoting and the very foundation of its corporate identity and which have been integrated safeguarding the rights of the socially disenfranchised under its innovative into its strategic initiatives, policies, procedures and team members’ orienta- flagship programme, The Power To Make A Difference, which has invested tion activities. Clients can be confident that they will receive sound financial US$7 million over 5 years to this end. In fulfilling its mission," To provide Per- solutions and mutually beneficial business relationships. For the Financial sonalised, Efficient and Competitively Priced Financial Services and to Imple- year ended March 31st 2008, the IBL Group reported a capital base of ment Sound Policies which will redound to the benefit of our Customers, Staff US$13.0 million and audited assets in excess of US$172.2 million. and Shareholders," Republic Bank enjoys prominent status as the financial members round-up institution of choice in the Caribbean for all its Stakeholders. With a 42% the TCI. It has the distinction of being the only commercial bank ever to oper- market share in Trinidad and Tobago and an audited asset base of over ate on the sister island of North Caicos. TCI Bank competes on the basis of US$5.968 billion as at the end of September 2007, Republic Bank proudly service differentiation, with most services offered through private banking offers an extensive range of banking services, including credit and debit card suites. The Bank posted its first profit (circa US$500,000) at the end of its issuance and processing, leasing, trustee services, mutual fund and invest- second financial year and has its sights set on becoming the pre-eminent ment management and merchant banking. The bank has a staff complement financial services provider in the TCI by June 2011, the end of its fifth finan- of (2,920), (40) branches and (104) ABMs and is made up of (11) subsidiaries cial year. TCI Bank is a member of the ECIC Group of Banks, a predominant- and (3) associated companies. The Group maintains a strong regional pres- ly Eastern Caribbean group of independent sub-regional banks with strong ence in Barbados, Cayman Islands, Grenada and Guyana and is headquar- operational ties, a common strategic focus and equal shareholdings in ECIC tered in Trinidad and Tobago. Holdings Ltd.

TURKS & CAICOS

TCI Bank Ltd. Managing Director: Mr. John Benjamin P.O Box 643, Butterfield Square, Leeward Highway Providenciales, TURKS & CAICOS Tel: (868) 645 1174, 1610, Fax: (868) 645 6017 E-Mail: [email protected] Website: www.tcibankltd.com TCI Bank Ltd. was incorporated on August 17th 2005, and opened its doors to the general public on December 5th 2005, with total assets of US$3.0 million. It is the first and only indigenous commercial bank in the Turks & Caicos Islands (TCI). Within two and a half years of its opening, the Bank’s assets reached US$135 million, ranking it fourth in size out of six banks in service members round-up BARBADOS source global provider of fully integrated, end-to-end electronic bank- ing solutions using open system technologies. Bevertec is the first to KPMG offer the financial market the compatibility, flexibility and upward scal- ability necessary for global electronic service delivery. As an industry- Managing Partner: Ms. Carol Nicholls leading technology provider, Bevertec is well positioned to deliver finan- Hastings, Christ Church, BB15154, BARBADOS cial transaction processing solutions that help banks leverage technol- Tel: (246) 427 5230, Fax: (246) 427 7123 ogy for growth and profitability. Their results-oriented technology solu- E-Mail: [email protected], Website: www.kpmg.bb tions and financial processes help banks attract and retain profitable KPMG is a global network of professional firms whose purpose is to customers, generate new revenue streams and improve bank efficien- turn knowledge into value for the benefit of their clients, their people, cy ratios. This, coupled with their dedication to building enriching, long- and the capital markets. They operate in 148 countries and have more standing partnerships as the single-source technology provider of than 113,000 professionals working around the world. KPMG in Barba- choice, ensures their uncompromising commitment to quality service dos is a member firm of KPMG CARICOM - a regional governance enti- and customer care. Bevertec has enjoyed a long and successful rela- ty, comprising the KPMG member firms in Barbados, the Eastern tionship with Indigenous Banks in the Caribbean, providing them with Caribbean (with offices in Anguilla, Antigua and Barbuda, Saint Lucia, quality cost effective consulting services and IT product solutions over St. Vincent and the Grenadines and providing services in Dominica, the past 20 years. The main solutions under their ESP-Link™ brand Grenada, Montserrat and St. Kitts and Nevis), Jamaica and Trinidad are: Comprehensive Card Solution (CCS), Financial Transaction Solu- and Tobago. They offer clients the ability to leverage the combined tion (FTS), Business Intelligence Solution (BIS), Alert Management skills, knowledge and experience of 28 partners and over 300 profes- Solutions (AMS), Integrated Collections Management Solution (ICMS). sionals, in delivering value to clients and people across the Caribbean. KPMG’s practice is organised around their Audit, Tax and Advisory prac- tices through which they deliver a globally consistent set of multidisci- JAMAICA plinary financial and accounting skills and capabilities based on deep industry knowledge. They help regional and international organisations Fujitsu Transaction Solutions (Jamaica) Ltd. to meet their challenges and respond to the constant pressure to deliv- Managing Director: Mr. Mervyn Eyre er ever-better results while contending with a wide range of risks that 18 Belmont Road, Kingston 5, JAMAICA can threaten survival. KPMG people operate within industry groups, Tel: (876) 926 7567, Fax: (876) 920 4761 giving their clients access to advisors who understand their specific Email: [email protected] business issues and concerns and whose advice is grounded in under- Website: www.fujitsu.com/caribbean standing and appreciation of the particular needs of each client. Ser- Fujitsu Transaction Solutions (Jamaica) Ltd. (“Fujitsu”) was established vice offerings span all industries, both private and public sector, and in March 1992 and is a wholly-owned subsidiary of Fujitsu Transac- cover the following areas: Audit - Financial Statement Audit, Statutory tions Solution Inc., incorporated in Dallas, Texas USA. with the ultimate Audit, SOX 404 Compliance; Tax - Corporate Tax, Domestic and Inter- parent company being Fujitsu Ltd. in Japan, a US$50-Billion Group. national, Indirect and Personal Tax; Advisory - Accounting Advisory Fujitsu’s principal activities are development and marketing of com- Services, Business Performance Services, Corporate Finance, Finan- puter systems, computer services and allied products. It integrates cial Risk Management, Forensic, Internal Audit Services, Information the core expertise of its skilled resources and business partners to Technology Advisory, Restructuring and Transaction Services. deliver IT infrastructure solutions and services that position its cus- tomers for growth. It offers strategic managed services that change CANADA and evolve in step with the most pressing business and technology issues, to reduce cost and complexity in its customers’ IT environment. Bervertec CST Inc. Fujitsu has been operating in the Caribbean for over 50 years and offer services to the entire region through offices in the Bahamas, Barba- CEO/Managing Director: Mr. Barry Walsh dos, Jamaica and Trinidad and Tobago, as well as business agents in 5935 Airport Road, Suite 400, Ont., L4V 1W5, CANADA Anguilla, Antigua, Dominican Republic, Haiti, Grenada, and St. Vincent. Tel: (416) 695 7525, Fax: (416) 695 7526 Fujitsu, with its business partners, offers a wide variety of products E-Mail: [email protected], Website: and services including but not limited to: Servers - Entry-level servers, www.bevertec.com mid-frame and midrange servers, high-level servers, PRIMEPOWER Founded in 1981, Bevertec is a supplier of IT consulting services and servers, rack servers, tower servers, and Web servers; Storage Sys- solutions to financial institutions globally. They are primarily involved tems - Network-attached storage, storage area networks, clustering; in: Information Technology Consulting Services - within the past two Notebooks - Laptop computers for a wide range of needs at an attrac- decades, they have nurtured an inherent ability and professional infra- tive price; Networking & Communications - Fujitsu's networking and structure to search, select, train and place candidates from various communications business has expanded greatly to respond to the chal- technological backgrounds and specialties. They pride themselves on lenges of doing business in the Internet age. In an effort to meet this their capability to seamlessly deliver highly skilled resources effective- response for their customers, it has expanded its portfolio of commu- ly and efficiently. Information Technology Solutions - empowering their nications technology from leaders Nortel Networks and Wave Wire- clients with the solutions to thrive in this flourishing market place has less Inc. As at March, 2007 it had net assets of US$3.73 million. been Bevertec’s vision from the outset. Their solutions enable their customers to access an “anytime, anywhere” global service delivery model that maximises their ROI on all IT projects. They are a single-

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service members round-up

Growth Facilitators ness School Worldwide. The ICA International Certificate and Diploma Founding Partners: Ms. Marguerite Orane; in Compliance: In partnership with the International Compliance Asso- Mr. Robert Wynter ciation (ICA), the JIOB offers the ICA International Certificate and Diplo- Suite 27, 2 Kingsway, Kingston 10, JAMAICA ma in Compliance in order to provide an additional professional quali- Tel: (876) 929 1351, Fax: (876) 960 0652 fication to members of the financial services sector. E-Mail: [email protected]; [email protected] Growth Facilitators is one of Jamaica's leading facilitation and busi- NETHERLANDS ANTILLES ness consulting firms specialising in the transformation to sustained international competitiveness of organisations and individuals. They IBIS Management Associates Inc. are guided by their vision - The Caribbean is transformed to a great Chief Executive Officer: Mr. Clark Russel place to live for all. The partners, Marguerite Orane, MBA (Harvard PO Box 4793, POS Cabai Unit 2, Schouwbergweg, Business School) and Robert Wynter, MBA (West Virginia College of Willemstad, CURAÇAO Netherlands Antilles Graduate Studies) are both internationally Certified Professional Facili- Tel: + 5999 737 2065 (Curaçao)/1-305 767 2875 (USA) tators (CPF's) and have experience in industry, research and educa- Fax: + 5999 737 2048 tion in the private and public sectors. The partners share a common E-Mail: [email protected] vision of improved quality of life for all Caribbean people, achieved through growing companies operating within enabling economic and Website: www.ibis-management.com social infrastructures within the region. By engaging stakeholders IBIS Management Associates Inc. is an advisor to Central and Com- through a participative, interactive and developmental approach, mercial Banks and a leading provider of multi-currency payment pro- Growth Facilitators ensures Alignment around the key issues, Buy-in cessing and SWIFT connectivity solutions. IBIS Management helps on the way forward and Commitment to implementation (ABC). Always financial institutions to become ‘Profitably Efficient’ by applying end- beginning with a Vision, they add value to their clients in the areas of to-end business rule automation and straight-through-processing (STP) Strategic and Corporate Planning, Organisational Development, Per- to all payment types. Banks that use IBIS's flagship system ALCHEMY formance Improvement, Entrepreneurship, Leadership Development, Payment Processing Suite to automate their back offices see their effi- Transformational Coaching, Action Planning and Implementation. Plan- ciency rate increase by 600% and payment profitability by 200%. IBIS ning and Implementation are done using the Balanced Scorecard Management’s clients range in size from regional group-wide opera- approach, which is a powerful tool for linking performance manage- tions to independent private banks. IBIS Management serves Banks ment with vision and strategy. throughout the Caribbean and Central America.

Jamaica Institute of Bankers PSOJ Building, 39 Hope Road, Kingston 10, JAMAICA SAINT LUCIA Director: Ms. Darlene Jones Tel: (876) 978 6212, Fax: (876) 927 9405 PricewaterhouseCoopers E-Mail: [email protected], Website: www.jiob.org.jm Managing Partner: Mr. Anthony D. Atkinson PO Box 195, Castries, SAINT LUCIA The Jamaica Institute of Bankers (JIOB) was formed in 1977 by the Tel: (758) 456 2600/Fax: (758 452 1061 Bank of Jamaica (BOJ) and a group of commercial banks to “satisfy E-Mail: [email protected], Website: www.pwc.com/lc the training and educational needs of the financial industry”. Respon- sibility for the operation of the JIOB was transferred to the Jamaica PricewaterhouseCoopers (PwC) is the world's largest accounting firm. Bankers Association (JBA) in 1999. The JIOB is registered by the Uni- Its Mission is, “To build public trust and enhance value to stakehold- versity Council of Jamaica as a tertiary educational institution and has ers in order to set a standard for business and lead the profession”. remained focused on its main objective of educating the financial serv- The Saint Lucia office is a part of the Eastern Caribbean practice oper- ices sector. Its mission is, “The Jamaica Institute of Bankers is com- ating in Antigua, Barbados, Grenada, St. Kitts and Saint Lucia, with 20 mitted to the continuous development of knowledgeable, responsive partners and 200 professional staff. It is the largest professional finan- and customer-driven professionals. The Institute strives to promote cial services firm in the Eastern Caribbean and the largest firm in each and facilitate excellent education, training and information services individual island. The firm provides industry financial assurance, tax, that ensure a superior return on investment in human capital for the advisory and corporate services for public and private sector clients. financial services sector and the wider business community”. JIOB short courses: The Institute responds to the needs of the finance and business sectors by hosting a number of training courses and semi- UNITED STATES OF AMERICA nars each year. In addition, the Institute plans and coordinates in- house training programmes tailored specifically to the needs of indi- Goldleaf Financial Solutions vidual organisations. Manchester Business School: The JIOB is the Chief Executive Officer: G. Lynn Boggs Caribbean Centre for the Manchester Business School Master of Busi- 9020 Overlook Blvd, Suite 300 ness Administration (MBA) degree programmes. These programmes - Brentwood, TN 37027, USA MBA for Financial Managers and Finance Professionals and MBA for Tel: (615) 221 8400, Fax: (615) 565 7300 Engineering Business Managers - are offered within the Caribbean via Website: www.goldleaf.com a unique blended-learning programme through the Manchester Busi- E-mail: [email protected]

89 service members round-up

Goldleaf Financial Solutions offers a strategic suite of integrated tech- ee productivity, bank revenue, and shareholder value through better nology and payment processing solutions to financial institutions. selection, implementation, and utilisation of technology. Typical Goldleaf's products and services enable financial institutions to suc- engagements consist of workflow and process reengineering, core ceed in today's competitive market, solidify their trusted financial rela- decision and contract negotiation assistance, strategic technology tionships, expand their community presence and improve profitability planning, and project management engagements. Their professionals through the efficient use of technology. are individuals who have demonstrated leadership and a sustained level of success throughout their careers, earning their reputations for GRAVITAS Capital Inc. being experts in their field of practice. Vitex’s professionals lead and Chief Investment Officer: Mr. Eric-Vincent Guichard assist their clients in developing practical strategies focused on help- 601 Pennsylvania Avenue, NW ing them achieve their strategic business objectives. Randy Roth, a Suite 900 South, Washington D.C. 20004, USA former IBM executive, founded Vitex in 1995 to build a team of highly Tel: (202) 434 8341, Fax: (203) 318 2509 experienced individuals dedicated to assisting executives in meeting E-Mail: [email protected] the challenges of today’s fast-paced, competitive world. The compa- Website: www.gravitascaoital.com ny is a sought after intellectual resource for national and state bank- ing associations and often provides speakers or facilitators for various GRAVITAS Capital Inc. (GRAVITAS) was founded in 1996 by Eric -Vin- banking forums, including national conventions, conferences, semi- cent Guichard. A US Securities Exchange Commission (SEC) Regis- nars, and banking schools. Vitex does not represent any hardware or tered Investment Advisor with offices in London and Washington, DC., software vendors, nor do they receive any compensation or remuner- the firm provides financial solutions for Private and Sovereign Institu- ation, directly or indirectly, from any vendor for referrals, recommen- tional Investors. GRAVITAS creates innovative products for retail and dations, etc. In addition, they do not sell any hardware or software. institutional investors and is uniquely positioned in that it advises Cen- This allows them to maintain uncompromising objectivity when pro- tral Banks, National Insurance Boards and Private Banks in the region. viding recommendations to their clients. It has been instrumental in structuring a number of regional solutions such as the Caribbean Court of Justice Trust Fund and the CDB Micro- VSoft Corporation Finance Guarantee Fund, among others. To date, the firm has struc- Regional Sales Manager: Ms. Mari Herrera tured over US$2 billion in institutional investment solutions. including, among others: The Pension Support Fund Ltd - a pension liability hedg- 15795 Southwest 50 Terrace ing solution; The Global Opportunity Fund Ltd – a global private equi- Miami, Florida 33185, USA ty investment platform with principal insurance and interim yield; The Tel: (770) 840 0097 Ext (132), Fax: (678) 840 3822 Tactical Allocation Fund, LLC - a global fund of mutual funds providing Email: [email protected] a range of liquidity features ( High, Moderate and Low); and The Glob- Website: www.vsoftcorp.com al Education Savings Fund - a retail savings product that generates VSoft Corporation, (“VSoft”) a private corporation, established in 1996, proceeds to finance foreign education at term. In addition, GRAVITAS is a global provider of financial technology solutions that improve serv- designs tailored solutions for corporate treasuries, credit unions mem- ice, reduce cost and maximise efficiency. VSoft operates offices in bers, and commercial banks’ high net worth clients. The firm also cre- both the USA and India. Its growth and success is partly due to its ates innovative domestic, regional and global financial products for strong business partner alliances which include Diebold, Oracle, NCR, the purpose of re-branding and distribution (white labeling). GRAVI- and Unisys among many others. VSoft is entering the Caribbean mar- TAS has been assigned several financial innovation related “patents ket through its strategic partner, McEnearney Business Machines Ltd, pending” by the US Patent & Trade Office. The firm has clients who a member of the Ansa McAl Group out of Trinidad and Tobago. VSoft’s are members of CAIB and its principal Eric-Vincent Guichard has products and services are built to ensure versatile and rapid delivery actively participated in CAIB, CDB, CCMS and Euromoney conferences of solutions to mission-critical needs. Its broad image-based solutions in the region. include distributed deposit and payment capture across all points of presentment, back office cheque processing, image exchange, docu- Vitex Inc. ment management, remittances and lockbox operations. Its solutions Chief Executive Officer: Mr. Randall A. Roth are used by more than 1,700 financial institutions worldwide including 630 Williamson Road, Mooresville NC 28117, USA large multinational banks, smaller community banks, credit unions and Tel: (704) 663 2544/Fax: (704) 663 2772 savings institutions. Other customers include transaction processors, Email: [email protected] Governments, utilities, telecommunications and retail organisations. Website: www.vitex.com VSoft was rated by Celent (an international strategy consultancy) as "the overall performance leader in advanced technology and breadth Vitex Inc. is a professional services firm dedicated to assisting senior of features" and was selected by Bank Technology News as one of executives achieve their strategic business objectives through vision, “The Innovators 200..” In 2007 VSoft was also included in Deloitte & leadership, and the creative use of technology. Vitex specialises in a Touche's Technology Fast 50 and the Inc 5000. wide array of consulting and project management services for its clients throughout the United States and the Caribbean. Its mission is “To become recognised as the leading Bank Management & Technol- ogy Consulting Company in the markets we serve. Vitex is a fun place to be a client and a great place to work!” Their Indigenous Bank Prac- tice in the Caribbean is focused on assisting banks increase employ-

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