FirstCaribbean International Bank Logo

Board of Directors

David Ritch

Independent Chairman

Colette Delaney

Executive Director

Blair Cowan

Majority Shareholder Director

Christopher de Caires

Independent Director

Robert Frentzel

Majority Shareholder Director

Lynne Kilpatrick

Majority Shareholder Director

Brian McDonough

Majority Shareholder Director

Paula Rajkumarsingh

Independent Director

Mark St. Hill

Executive Director

David Ritch

Independent Chairman, CIBC FirstCaribbean International Bank and Senior Partner - Ritch and Connolly

David E. Ritch, is Senior Partner in the law firm of Ritch & Conolly, Attorneys-at-Law. He was admitted in 1976, England as Barrister-at-Law and Cayman Islands as Attorney-at-Law. Education: graduate of the University of the West Indies, (LL.B) (with honours); Inns of Court School of Laws, Inner Temple, London, England, he served as a Former Clerk of Courts, Crown Counsel and Senior Crown Counsel with the Cayman Islands Government, January 1977 - November 1979.

David is a Former Chairman, Planning Appeals Tribunal, 1987 - 1989, Member, Cayman Islands Currency Board, July 1987 - 1997, Former Chairman, Labour Law Appeals Tribunal 1988 - 1991. Former Chairman, Immigration Board, January 1989 - December 1990. Former Chairman, Port Authority of the Cayman Islands, January 1992 - December 1992. Former Chairman Trade & Business Licensing Board - November 2000 to May 2002, Current Chairman, Immigration Board Member, Cayman Islands Law Society (Past President).

Colette Delaney

Colette Delaney was appointed Chief Executive Officer of CIBC FirstCaribbean with effect from 1st November 2018.

Ms. Delaney joined CIBC FirstCaribbean in 2013, and amongst other roles she served as the Bank’s Chief Risk and Administrative Officer. She was appointed Chief Operating Officer with effect from 8th December 2017 and is a member of the board of CIBC FirstCaribbean International Bank.

As Chief Operating Officer, Ms. Delaney had responsibility for the performance of the bank’s functional regional business lines – Retail & Business Banking, Cards & Customer Relationship Management, Corporate & Investment Banking, and Wealth Management.

She was also responsible for the bank’s Regional Country Management including local regulatory and client relationships. Additionally, Ms. Delaney led the Marketing & Communications and Strategy functions, for which she assumed responsibility in May of 2017.

Ms. Delaney is a banking professional of over thirty years' experience, having begun her career with CIBC in 1987, and previously with National Westminster Bank plc. She holds a Master of Arts degree from St. Anne's College, University of Oxford in the United Kingdom, an MBA from Cass Business School in London, and received the designation of Associate of the Chartered Institute of Bankers in the United Kingdom in 1989.

Prior to joining CIBC FirstCaribbean, Ms. Delaney held the position of an Executive Vice President within Retail Banking at CIBC. She is a former Director of the Canadian Payments Association and Acxsys Corporation. She was also a Director of Skills for Change, a non-profit organization helping newcomers to Canada.

Blair Cowan

Senior Vice-President, Head of Corporate Finance

A business leader and corporate finance professional with more than 21 years experience operating in the Canadian corporate and commercial markets. Blair joined CIBC in 2004 as the head of CIBC’s Mezzanine Finance Group. After three years, Blair was appointed to lead the Leveraged Finance Group, a newly-created, Enterprise Value-focused lending team mandated to structure and implement structured capital solutions (including both senior and mezzanine debt) on behalf of CIBC clients and prospects as well as the Private Equity community. In April 2010, Blair was appointed Vice President of Corporate Finance, and his role was augmented further to include responsibility for CIBC’s Asset Based Lending team - an asset-focused specialty lender whose structures provide greater flexibility than typical credit models for collateral rich companies. In 2015 Blair worked directly with CIBC’s CEO and EVP Brand, Corporate and Client Relationships on strategic client-focused initiatives. In late 2015 Blair was appointed SVP and resumed his role as Head of a further expanded Corporate Finance Division which now includes the Mid-Market Investment Banking, National Accounts, Technology Innovation Banking and Franchising Teams.

Prior to joining CIBC, Blair served as Director and Team Lead in the proprietary mezzanine finance group of a competing Schedule I Canadian Bank. Blair holds a Master of Business Administration degree from Dalhousie University, an Honours Bachelor of Business Administration degree from Wilfrid Laurier University, and is a Fellow of the Institute of Canadian Bankers.

Christopher de Caires

Business Executive

Chris de Caires has been Chairman and Managing Director of the Fednav group of companies in Barbados since July 2006. Fednav is a private shipping group that operates a fleet of over 100 bulk cargo vessels worldwide. Mr. de Caires has been the principal of de Caires & Co. Inc., a consulting firm providing corporate finance and management advisory services, from 2002. He was the senior vice president of the Interamericana Trading Corporation, a regional Caribbean automotive group, with responsibility for all group operations, from 2000 to 2002. He was a partner in the East Caribbean firm of PricewaterhouseCoopers, with responsibility for corporate finance and management

consulting, from 1994 to 1999. Mr. de Caires was the finance manager of The Barbados Light & Power Company, an electric utility, from 1982 to 1994, with responsibility for financial and accounting matters. Between 1970 and 1982, he worked with the accounting firms of Coopers & Lybrand in Barbados and Reeves and Neylan in the U.K. Mr. de Caires is a director of Banks Holdings Limited, a regional beverage manufacturer owned by AB InBev. He is the chairman of the Barbados Entrepreneurship Foundation, a charitable organisation charged with enhancing entrepreneurship on the island. He has also served as a director for a number of companies, including Sagicor

Financial Corporation, Trinidad Cement Limited and Scotia Insurance (Barbados) Ltd. Mr. de Caires was chairman of the Barbados Private Sector Association and has served the Government of Barbados as chairman to the local organising committee for the ICC Cricket

World Cup 2007 and the Barbados Tourism Investment Inc. He holds a masters degree in business administration from the Henely Management College in the U.K. and qualified as a chartered accountant with the Institute of Chartered Accountants in England and Wales.

Robert Frentzel

Majority Shareholder Director

Bob Frentzel is Managing Director and President of Specialized Industries for CIBC’s U.S. Region. He is responsible for several industry sectors including asset-based lending, construction and engineering, insurance & securities, non-bank financial institutions, security industry, surface transportation, innovation & technology banking, and he oversees US treasury management services. Frentzel serves on the CIBC U.S. Region Executive Committee.

Frentzel also held the same role at The PrivateBank, which was acquired by CIBC in June 2017. Prior to joining The PrivateBank, he served as Group Senior Vice President at LaSalle Bank for 11 years. At LaSalle Bank, he was responsible for building and managing many of its specialty commercial lending divisions, including construction & engineering, for-profit education, environmental, food & agribusiness, insurance, power & energy, security industry, and surface transportation. Frentzel began his career at Harris Trust & Savings Bank (now BMO Harris Bank) where he worked for nine years in business development and commercial lending.

Frentzel received his Bachelor of Science in Business Administration from Miami University and a Master's of Business Administration in Finance and Marketing from Northwestern University – Kellogg School of Management. He serves on the Board for The Boys & Girls Clubs of Chicago and is a trustee for The Chicago Academy of Science and its Peggy Notebaert Nature Museum. He also is a member of the Illinois Road and Transportation Builders Association, Leadership Greater Chicago, The Bankers Club of Chicago, Chicago Club, Economic Club of Chicago, Union League Club and Executive’s Club of Chicago.

Lynne Kilpatrick

Executive Vice President, Client Experience and Marketing

Ms. Kilpatrick is an Executive Vice-President at CIBC. She is accountable for leading the bank’s focus on client experience and building a strong CIBC brand.

Ms. Kilpatrick was previously Senior Vice President, Distribution Strategy & Planning, responsible for the development and implementation of CIBC’s integrated omni-channel strategic roadmap.

Prior to joining CIBC in 2013, she was Senior Vice President, Retail Banking at another Canadian bank. She has a deep background in financial services with extensive experience in retail banking, marketing, communications, brand strategy, client segmentation strategy, data management, digital banking, channel strategy and sales effectiveness.

Ms. Kilpatrick began her career in journalism with reporting assignments at The Wall Street Journal and The Financial Times of Canada.

She holds an MA from University of Western Ontario and a BBA from Acadia University.

Brian McDonough

Executive Vice-President, Wholesale Credit and Investment Risk Management

Mr. McDonough is currently Executive Vice-President, Wholesale Credit and Investment Risk Management, at the bank’s parent company, CIBC. He leads CIBC’s Corporate and Commercial Adjudication globally and is responsible for assessment, adjudication and monitoring of credit risk in Wholesale Banking and Commercial Banking for CIBC.

Mr. McDonough joined CIBC in 1983, has held various senior positions in Risk Management, and was appointed to his current position in July 2008. CIBC FirstCaribbean was formed in 2002 as a merger of the Caribbean operations of CIBC and Barclays Bank.

Paula Rajkumarsingh

Citizen of Trinidad & Tobago

Paula Rajkumarsingh is the Senior Vice President, Shared Services of Massy Holdings Ltd. She is a Corporate Financial Executive, with over 15 years of experience at a senior management level. She is a Director of the Trinidad & Tobago Chamber of Industry and Commerce and also serves as a director for the St Joseph Convent Cluny Board of Management. She previously served on the boards of the Sugar Manufacturing Company as well as a private Equity Fund.

Mark St. Hill

Managing Director, Retail and Business Banking

Mark St. Hill was appointed Managing Director, Retail & Business Banking in May 2013.

Mark has responsibility for the development and growth of CIBC FirstCaribbean’s Retail & Business Banking operations across 17 countries. Previous to his current appointment, Mark was the Barbados Country Manager and 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 centers in Bahamas, Barbados, British Virgin Islands, Cayman, Curacao and Turks and Caicos Islands.

In addition to his executive portfolio, Mark serves as Chairman of the Barbados, Jamaica and Trinidad operating companies – FirstCaribbean International Bank (Barbados) Limited, FirstCaribbean International Bank (Jamaica) Limited and FirstCaribbean International Bank (Trinidad & Tobago) Limited. He is also Chairman of FirstCaribbean International Wealth Management Bank (Barbados) Limited, FirstCaribbean International Finance Corporation (Leeward & Windward) and the Vice Chairman of the CIBC Reinsurance Company Limited. He is also a Director of the FirstCaribbean International ComTrust Foundation Ltd, a registered charitable foundation which manages the Bank’s corporate giving program.

An experienced banker with over 28 years in various positions spanning Insurance Brokerage, Retail Banking, Corporate Banking, Credit Risk, International Banking and Wealth Management, Mark has also held senior management positions in several countries in the Caribbean such as Grenada, British Virgin Islands and Barbados.

Mark is a Fellow of the British Institute of Chartered Secretaries and Administrators, a graduate of the FirstCaribbean Executive Leadership Program with Wharton Business School and has recently completed the Masters Certificate Program in Financial Services Leadership in conjunction with Schulich School of Business and CIBC. He is also the President of the Barbados Hockey Federation.