New CEO takes office November, 1st
BRIDGETOWN, BARBADOS — The Board of Directors of FirstCaribbean International Bank Limited (CIBC FirstCaribbean) has announced the appointment of Mark St Hill as Chief Executive Officer, subject to regulatory approval.
St Hill takes office on November 1, 2022, with the retirement of the bank’s current CEO, Colette Delaney.
In making the announcement, Chairman of the Board, David Ritch, said, “We are proud to appoint the first Caribbean national to serve as Chief Executive Officer of CIBC FirstCaribbean. With Mark taking over as CEO, this marks the 4e consecutive appointment of a regional person to a management position, which reflects our concern to recognize and develop regional talent.
He said: “Mark brings 32 years of hands-on and technical banking experience to the role having worked his way into the bank from a ‘cashier’ role. Most recently he led the execution of the strategy of digitization of our bank.
“He is perfectly placed to lead the bank in this period of transformation within the financial services sector. Like his predecessor, Colette Delaney, he masters one of the pillars of our strategy: developing relationships, whether with our customers, our employees or our suppliers.
St Hill has served the bank in various positions spanning insurance brokerage, retail banking, corporate banking, credit risk, international banking and wealth management.
He has also held leadership positions in several Caribbean countries such as Grenada, the British Virgin Islands and Barbados. In addition, he sits on several boards of the bank’s operating companies and is a trustee of the FirstCaribbean International ComTrust Foundation, the bank’s charitable foundation.
St Hill is a Fellow of the British Institute of Chartered Secretaries and Administrators, a graduate of Wharton Business School’s FirstCaribbean Executive Leadership Program and recently completed the Masters in Financial Services Leadership program in conjunction with the Schulich School of Business and CIBC. He is also the president of the Barbados Hockey Federation. Mark is married to Simone and is the proud father of three children.
St Hill’s appointment comes as the bank prepares to say goodbye to its CEO of the past four years, Colette Delaney.
Delaney joined CIBC FirstCaribbean in 2013 and, among other roles, she served as the Bank’s Chief Risk and Administration Officer. She was appointed Chief Operating Officer effective December 8, 2017 and is a member of the Board of Directors of CIBC FirstCaribbean International Bank.
She also served as chair of the bank’s charity, FirstCaribbean International ComTrust Foundation.
“The appointment of Colette as Chief Executive Officer, the first woman appointed to this position, marked a turning point in the history of the bank. She has brought to her tenure as CEO the steady hand the bank has needed over the past two years as we battle the COVID-19 pandemic and its effects on our region. His ability to reassure both employees and customers of the bank’s stability and support helped ease the concerns of our various stakeholders during a testing period.
The Bank also announced today the retirement of Dan Wright, Managing Director, Wealth Management, effective February 28, 2023.
Wright joined CIBC FirstCaribbean in December 2012 as Director, Private Wealth Management. In October 2013, he assumed the role of Managing Director, Wealth Management to reflect his additional regional responsibilities for our international corporate banking business and our two trust companies, FirstCaribbean International Bank & Trust Company (Cayman) Limited and FirstCaribbean International. Trust Company (Bahamas) Limited.
Pim van der Burg, managing director of FCIB, Corporate and Investment Banking, will assume responsibility for the Wealth portfolio effective September 5, 2022. The two executives will work together on transition activities until Wright retires, the statement said.
The Bank’s subsidiary, FirstCaribbean International Bank (Barbados) Limited, has also stated that it will cease its operations in Dominica on January 31, 2023. The Bank will begin contacting its customers in Dominica in the coming days, to inform them of the deadlines for its removal from Dominica and what customers should do before the closing date.
Delaney thanked the staff and customers of the Bank in Dominica for their years of loyalty to the Bank.