Deposit| Press Releases |
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| Caribbean Association Of Indigenous Banks INC Elects New Board |
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Caribbean Association of Indigenous Banks Inc. (CAIB) has elected a new Board of Directors to continue its mandate over the coming two years (2008 – 2010). The election took place two weeks ago during the Association’s 35th Annual General Meeting, held at the Lloyd Erskine Sandiford Centre in Barbados. The new Chairman, First Global Bank Ltd. of Jamaica, represented by Mr. Wayne Wray is joined by incoming Vice Chairman, Barbados National Bank Inc. represented by Mr. Robert Le Hunte
As guided by the Association’s Constitution, the 10-member Board of Directors strategically comprises banks and other financial institutions representing the Eastern, Northern and Southern Caribbean. The following is the full list of newly elected Board Members:
Chairman – First Global Bank Ltd. (Mr. Wayne Wray);
Vice Chairman – Barbados National Bank Inc. (Mr. Robert Le Hunte);
Immediate Past Chairman – Republic Bank (Guyana) Ltd. (Mr. Edwin Gooding);
Other Directors:
Bank of Saint Lucia Ltd. (Ms. Joanna Charles);
National Bank of Dominica (Mr. Michel Williams);
Global Bank of Commerce Ltd. (Mr. Brian Stuart-Young);
Cayman National Bank Ltd. (Mr. Ormond Williams);
National Commercial Bank Jamaica Ltd. (Ms. Anne McMorris);
CMMB Ltd. (Mrs. Carole Jn. Marie); and
First Citizens Bank Ltd. (Mr.Dirk Smith).
CAIB was founded in 1973 following a recommendation coming out of the inaugural meeting of the Standing Committee of Ministers Responsible for Finance, and the subsequent, ratifying decision of the Eighth Meeting of the Conference of Heads of Government. Formed chiefly to promote regional cooperation in personnel training among national commercial banks, the Association now boasts over 50 honorary, general and service members representing almost every Caribbean nation. Its mission, too, has evolved, and today encompasses facilitating the continued growth and development of indigenous financial institutions through diverse forums of advocacy, training, and networking. The new Board will undoubtedly be charged with leading the Association’s initiatives in such areas as continued capacity building, the pursuit of common regional banking legislation - soliciting for example, review of the BASEL Capital Accord as is currently being undertaken in global financial markets, the articulation of a “Caribbean (AML) Principles” document to guide banking practices re Anti-Money Laundering (AML) and Counter-Terrorism Financing, and the response of the region’s banking and financial institutions to the ongoing global liquidity crisis. |
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