New Office
Caribbean-Focused Private Bank Spreads Presence In Bahamas
A Caribbean-orientated bank has opened an office in Nassau as part of a drive to build services in the region.
CIBC FirstCaribbean Private Wealth Management has opened an office in Nassau, the Bahamas, at the Goodman’s Bay Corporate Centre, which already houses the bank’s Bahamas-based trust company.
The West Bay Street office is the second one to open regionally, according to Bahamas Island Info, a local news service.
This publication is in contact with the bank seeking confirmation and details about its strategy in the region.
The official opening was hosted by Marie Rodland-Allen, managing director for CIBC FirstCaribbean (Bahamas) and Daniel Wright, managing director of CIBC FirstCaribbean Private Wealth Management. It was attended by clients and members of the public and private sectors, including Michael Halkitis, Minister of State for Finance, and Christina Rolle, executive director of the Securities Commission.
FirstCaribbean was formed in 2002 with the merger of CIBC West Indies Holdings and Barclays' Caribbean operations. In December 2006, CIBC acquired Barclays' stake and became the majority shareholder in FirstCaribbean.
