CIBC Caribbean has introduced a strategic shift in its nation administration construction, geared toward enhancing relationships with key stakeholders, together with workers, shoppers, and the broader neighborhood.
The restructuring aligns with the financial institution’s transformation efforts following a discount in its geographical footprint from 17 to 10 international locations over the previous three years.
As a part of the management transition, Nigel Holness, Managing Director for Jamaica, will assume the position of Chairman of CIBC Caribbean’s Jamaica operations whereas taking early retirement from his day by day government tasks.
Stepping right into a extra senior management position, Annique Dawkins has been appointed as Head of Nation for Jamaica, reflecting the financial institution’s renewed emphasis on market-specific management.
Dawkins has been serving as head of company banking for CIBC in Jamaica for the previous 5 years.
Annique Dawkins at present serves as head of company banking for CIBC in Jamaica. she’s going to transition to the position of nation head efficient March 1.
CIBC Caribbean’s restructuring will see the introduction of a Chief Nation Administration Officer (CCMO), Donna Wellington, previously Managing Director for Barbados and the OECS.
She is going to lead the regional Nation Administration group, overseeing all country-related actions and guaranteeing alignment with the financial institution’s strategic imaginative and prescient. All Heads of Nation, together with Dawkins, will report back to Wellington.
“We’re shifting to a extra country-focused efficiency mannequin, optimizing our operations to higher serve our shoppers. By prioritising enterprise improvement, shopper engagement, and folks management on the nation degree, we’re reinforcing our dedication to sturdy market relationships and neighborhood affect”, stated Mark St Hill, CEO of CIBC Caribbean.
He added that the transfer can be designed to empower workers with the correct instruments and surroundings to higher serve shoppers, guaranteeing CIBC Caribbean stays a number one monetary establishment within the area.
Nigel Holness is the present managing director of CIBC in Jamaica and can transition to the position of chairman as he retires from the enterprise.
Additional management transitions embody the appointment of Mark McIntyre and Nigel Holness as Chairmen of CIBC Caribbean’s companies within the Cayman Islands and Jamaica, respectively, each taking early retirement from day by day operational roles. Moreover, Dr Jacqui Bend, Managing Director for The Bahamas, will transition right into a governance and transformation position, whereas Anthony Seeraj, Managing Director for Trinidad, will stay with the financial institution till the tip of the fiscal 12 months.
With these modifications, CIBC Caribbean continues to reshape its company construction, streamlining operations whereas reinforcing its dedication to delivering top-tier monetary companies within the area.
All management appointments are topic to regulatory approval and can take impact on March 1, 2025.
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