Board of Directors
Majority Shareholder Director
Majority Shareholder Director
Majority Shareholder Director
Majority Shareholder Director
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).Gary Brown
Gary Brown was appointed Chief Executive Officer of CIBC FirstCaribbean with effect from 1st January 2016.
Prior to this, he was Global Head of Corporate Banking with CIBC. In that role, Mr. Brown had responsibility for corporate and institutional banking activities at CIBC, including lending to large corporates, real estate finance, global banking, international lending and certain non-core portfolio activities. Additionally, he served as a member of the Wholesale Banking Management Committee and the Investment Committee, and CIBC’s Operating Committee. Mr. Brown remains a member of the Operating Committee in his role as Chief Executive Officer of CIBC FirstCaribbean.
Immediately prior to assuming that position, from 2004 to 2013 Mr. Brown was President and CEO of CIBC World Markets Corp., the bank's U.S. broker-dealer and responsible as U.S. Region Head for all business and governance functions under a U.S. regional management structure.
Mr. Brown began his banking career in 1976 with The Chase Manhattan Bank as a lending officer in the Commodity Finance division. From 1980 to 1999, he held a number of senior business and risk management positions with UBS AG, including New York Branch Manager and Head of the Structured Finance division, one of six operating divisions of UBS in the Americas. In 1998, Mr. Brown was appointed Chief Credit Officer — Americas. Immediately prior to joining CIBC in 2001, he served as President and Director for K2 Digital, Inc., an Internet professional services company.
Mr. Brown received a BSc in Business Administration from Oral Roberts University and has attended executive programs at the Salzburg Institute and Harvard Business School. He served as Chairman of the Board of Trustees of Mercy College, and is on the Executive Committee of the Board of Mercy Ships International, and the Board of Directors of the Foreign Policy Association in New York.Rik Parkhill
Mr. Parkhill was Chief Executive Officer, CIBC FirstCaribbean until December 31, 2015. He was appointed CEO in 2011.
Mr. Parkhill has over 30 years of experience in the financial services industry, including managing banks, brokerage firms and exchanges.
He was Chief Executive Officer, CIBC FirstCaribbean International Bank from September 2011 to December 2015. During this period, Mr. Parkhill was responsible for the development and execution of a multi-faceted plan that resulted in the turnaround of the bank’s operating and financial performance.
He joined CIBC in 2008 as Managing Director, Head of Cash Equities. Mr. Parkhill’s responsibilities included: institutional sales, trading, alternative execution services, research, equity capital markets, and prime brokerage. During his tenure, CIBC became recognized as the Canadian leader in equity trading and its equity market share tripled.
Prior to joining CIBC, Mr. Parkhill held several senior executive positions with the TMX Group (the owner of equity, energy, fixed income, and derivative marketplaces), including Interim Co-Chief Executive Officer. He was instrumental in the launch of profitable new products and services and the expansion of TSX Group’s business outside of Canada.
At present, Mr. Parkhill serves as a non-executive director on corporate boards in the Caribbean and Canada, and provides advisory services to corporations and institutional investors. He is a graduate of Queen’s University.Christina Kramer
Senior Executive Vice President and Group Head Personal and Small Business Banking, Canada
Christina Kramer is the Senior Executive Vice President and Group Head, Personal and Small Business Banking, Canada responsible for Banking Centres, CIBC Imperial Service, Small Business, Mobile Advice and CIBC Investor’s Edge teams, and all personal and small business banking products at CIBC, focused on helping families prosper and businesses grow.
Since joining CIBC in 1987, Ms. Kramer has held progressively more senior executive roles within CIBC’s Retail and Business Banking, and Human Resources.
Ms. Kramer is a director on the board of CIBC FirstCaribbean International Bank, The Princess Margaret Cancer Foundation, and formerly a director of INTRIA Items Inc. She was the Executive Sponsor of the CIBC Women’s Network, CIBC United Way Campaign Co-Chair, Co-Chair of the YWCA Women of Distinction Awards, Co-Chair and founder of the Canadian Breast Cancer Foundation, Ontario Leaders Program, and a former participant of The Judy Project at the Rotman School of Management, University of Toronto. Ms. Kramer is the CIBC Executive Sponsor of the Canadian Cancer Society CIBC Run for the Cure, which has raised $45 million over the past 20 years.
She is the recipient of the Sovereign’s Medal for Volunteers. As well, she has been named one of the “Top 100 Most Powerful Women in Canada” four times by the Women’s Executive Network (WXN) and has been inducted into the WXN Hall of Fame.
Ms. Kramer has a Bachelor of Commerce degree from Ryerson University in Toronto.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.David Arnold
Executive Vice President, Canadian Imperial Bank of Commerce
David Arnold is an Executive Vice President within the Finance Department, of the Canadian Imperial Bank of Commerce. David leads the bank’s Finance Shared Services group, and is the Global Controller for the Bank. David’s team is responsible for accounting and reporting of the CIBC Group of Companies and wholly owned subsidiaries across the globe.
In addition to his current responsibilities, David has recently been appointed the Chief Financial Officer to the Treasury function at the Bank. He has held progressively more senior roles at the Bank, and most recently he oversaw the Finance Business Support group, which is responsible for providing analytics and decision support to the Bank. He joined the Bank in 2001 as a Vice President. David has over 22 years of finance experience.
David is a Chartered Accountant (now Chartered Professional Accountant), having previously practiced public accounting in both South Africa and more recently in Canada. David articled at Arthur Andersen LLP and has worked in numerous countries servicing the assurance and advisory needs of financial services, consumer products, manufacturing and wholesale industries. David is a Board Member of CIBC Mellon and Chairs the Audit, Risk & Conduct Review Committee. He has also served on a number of not-for-profit Boards.
Sir Allan Fields
Chairman, Barbados Shipping and Trading Company Limited
On his return to Barbados in 1966 Sir Allan Fields was responsible for installation and commissioning of a new facility at Spring Garden for Barbados Light & Power Co. Ltd. During the period 1966-1978 he continued to work with Barbados Light & Power Co. Ltd. and was involved in administration of all technical areas. During 1978 - 1981, he was invited to join Lucas Industries Plc. of Great King Street, Birmingham, United Kingdom as Managing Director of their Barbados operation and subsequently their Trinidad operation.
1981 - 1988 Sir Allan negotiated the sale of Lucas interests in Barbados and Trinidad to Neal & Massy of Trinidad, continued in capacity of Managing Director and was involved in all aspects of Neal & Massy's business in the Caribbean: Banking, Insurance, Real Estate, Manufacturing and Trade.
1998 - 1999 he was invited to take up the position of CEO and Managing Director of Banks Barbados Brewery, where he created the Holding Company and expanded it by acquisition and building new businesses to create a large corporate entity with six (6) subsidiaries and three (3) associated companies.
In 1999 he joined Barbados Shipping Co. Ltd. as CEO and Managing Director.
Sir Allan Field's chairmanship of the private sector organizations include:
- Past President of The Barbados Manufacturers Association
- Past President of the Barbados Employers Association (currently Trustee)
- Past President of the Master Brewers Association of the Americas
- Board Member of the Barbados National Insurance Scheme
- Board Member of the YMCA
- Board Member of several other businesses and charitable foundations.
Sir Allan Fields is currently Chairman of Banks Holdings Ltd., Chairman of Barbados Dairy Industries Ltd., Chairman of Barbados Farms Ltd., Chairman of the Caribbean Broadcasting Corporation and Special Emissary to China.Paula Rajkumarsingh
Citizen of Trinidad & Tobago
Paula Rajkumarsingh is an Executive Director and Group Chief Financial Officer of Neal & 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.G. Diane Stewart
Attorney at-Law and Partner with McKinney, Bancroft & Hughes
Diane Stewart is an experienced litigation partner, and a member of the firm's Executive Committee, whose areas of expertise include Commercial and Civil Litigation, Liquidations, Banking, Trusts, Insurance and Family Law.
Following her education at York University in Toronto, Canada and the University of the West Indies, Mrs. Stewart entered articles of clerkship with Mr. Winston Saunders and was called to the Bahamas Bar In 1985.
Mrs. Stewart regularly advises the firm's institutional as well as individual clients in domestic and cross border disputes and on administrative and public law matter. She has frequently appeared before the Courts of first instance and the Bahamian Appellate courts in a broad range of commercial and civil matters. Mrs. Stewart also has an extensive family law practice.
Mrs. Stewart is an Associate Lecturer and Tutor at the Eugene Dupuch Law School. Further she has regularly been throughout her career the guest speaker and presenter of papers on varied public and private law issues.
She currently serves as a Director of CIBC FirstCaribbean International Bank (Bahamas) Limited and CIBC FirstCaribbean Finance Corporation and is a former member of the Judicial and Legal Services Commission of the Bahamas.
She is a recipient of many awards including the Ministry of Health & Environment Family Planning Secretariat Award and the Family Life Health Association Award.Brian H. Clarke
General Secretary & Corporate Secretary - CIBC FirstCaribbean International Bank
Mr. Clarke is the General Counsel & Corporate Secretary of CIBC FirstCaribbean.
Brian’s over 30 years legal experience has equipped him to direct and advise the board and senior management of CIBC FirstCaribbean on legal, regulatory, governance and business issues.
Brian is a graduate of the University of the West Indies and the Norman Manley Law School and is a Queens Counsel.