Bridgetown, Barbados, 21st February 2014 – CIBC FirstCaribbean has announced two changes to its Senior Executive Team. Managing Director of Retail and Business Banking, Mr. Mark St. Hill has assumed responsibility for the Bank’s regional International Banking portfolio.  Meanwhile, Director, Private Banking, Mr. Dan Wright, in addition to being Managing Director for Private Banking and the Bank’s Cayman and Bahamas Bank and Trust Companies, will also now be responsible for CIBC FirstCaribbean’s Investment Management portfolio, assuming the title Managing Director, Private Wealth Management.

Mr. St. Hill, now Managing Director, Retail, Business and International Banking, has served as the Managing Director of CIBC FirstCaribbean’s Barbados Operating Company. Previous to that he was the Director, International Banking, with responsibility for the leadership and development of the International Banking (Personal & Corporate) offering across the six Wealth Management Centers in the Bahamas, Barbados, the British Virgin Islands, the Cayman, Curacao and the Turks and Caicos Islands. An experienced banker with over 20 years in various positions spanning Insurance Broking, Retail Banking, Corporate Banking, Credit Risk, International Banking and Wealth Management, Mr. St. Hill has also held senior management positions with the Bank in several countries in the Caribbean such as Grenada, British Virgin Islands and Barbados. He is a graduate of the FirstCaribbean Executive Leadership programme at the Wharton School of Business in the United States and a Fellow of the British Institute of Chartered Secretaries and Administrators.

Mr. Wright, who joined the company in December 2012, as Director, Private Wealth Management, has since then been leading the strategic initiative in support of an enhanced offer for the bank’s high net worth clients. In October 2013, Dan assumed the position of Managing Director, Private Wealth Management to reflect his additional regional responsibilities for CIBC Trust Company (Bahamas) Limited and CIBC Bank and Trust Company (Cayman) Limited.

Mr. Wright is an experienced wealth management and private banking leader. Prior to joining CIBC FirstCaribbean, Mr. Wright worked as Senior Vice President & Head, International Wealth Management for Bank of Nova Scotia in Toronto with specific responsibility for their private banking business in the Caribbean, Latin America and Asia. He was also Chair of the BNS Trust company in the Bahamas and a Director of a number of Caribbean-based businesses in the Cayman Islands and Jamaica. Mr. Wright will be leveraging his strength in strategy planning and execution, as well as the management of teams of experts in a wide range of markets to further build CIBC Firstcaribbean’s Wealth Management capability.

About CIBC FirstCaribbean

CIBC FirstCaribbean is the largest, regionally-listed bank in the English and Dutch speaking Caribbean serving over 500,000 accounts in 17 markets, through 3,400 staff, across 100 branches and offices.

The bank offers a full range of market-leading financial services in: Corporate and Investment Banking, Treasury Sales and Trading, Retail Banking, Wealth Management, Small Business and Credit Cards.

CIBC FirstCaribbean is a member of the CIBC Group. CIBC (TSX, NYSE: CM) is a leading North American financial institution serving clients in Canada and around the world. Through three distinct business lines, Retail and Business Banking, Wealth Management and Wholesale Banking, CIBC provides a full range of products and services to almost 11 million individual, small business and commercial banking clients and meets the financial needs of corporate and institutional clients. CIBC is rated A+/Stable/A-1 by Standard & Poor’s.

See also iNews Cayman story published February 20 2014 “Expanded portfolio for CIBC’s St Hill” at: http://www.ieyenews.com/wordpress/expanded-portfolio-for-cibcs-st-hill/