CIBC FirstCaribbean appoints new CEO

The Board of FirstCaribbean International Bank Limited (CIBC FirstCaribbean) has announced the appointment of Mark St. Hill as the next Chief Executive Officer, subject to regulatory approval. St. Hill assumes the post on 1st November 2022, with the retirement of the bank’s current CEO, Colette Delaney, a release from the bank’s head office in Barbados states.

In making the announcement, Chair of the Board of Directors, David Ritch, said: “We are proud to appoint the first Caribbean national to hold the post of CIBC FirstCaribbean’s Chief Executive Officer.

With Mark taking the CEO’s chair it marks the 4th consecutive appointment of a regional person to an executive role, which is a reflection of our focus on recognizing and developing regional talent.”

He added, “Mark brings to the post 32 years of practical and technical experience in banking having worked his way through the bank from the post of “teller”. Most recently he has driven the execution of our bank’s digitalization strategy. He is perfectly positioned to lead the bank at this time of transformation within the financial services industry. Like his predecessor, Colette Delaney, he is an expert in one of the key pillars of our strategy – developing relationships, whether it be with our clients, our employees, or our suppliers.”

St. Hill has served the bank in various positions spanning Insurance Brokerage, Retail Banking, Corporate Banking, Credit Risk, International Banking and Wealth Management. He has also held senior management positions in several countries in the Caribbean such as Grenada, British Virgin Islands and Barbados. In addition, St Hill sits on a number of the boards of the bank’s operating companies and is a trustee of the FirstCaribbean International ComTrust Foundation, the bank’s charitable foundation.

St Hill 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.

His appointment comes as the bank prepares to say farewell to its CEO of the past four years, Colette Delaney, who assumed the role on 1st November 2018.