New Wealth Management Centre in Trinidad & Tobago

| May 30, 2012

Staff writer Eunice Nisbett

Port of Spain, TRINIDAD, May 25th 2012.  CIBC FirstCaribbean International Bank has opened a new office in Trinidad and Tobago, catering to its Wealth Management clients.

The bank hosted government officials, clients, regulators and other key stakeholders at the Bank’s Long Circular offices, where it commemorated the launch of the new unit and the strengthening of CIBC FirstCaribbean’s operations in Trinidad and Tobago, which is considered a significant market for the financial institution.

The Wealth Management facility is a tangible step towards the bank achieving its stated mission of being the leading financial services provider in the region while building enduring client relationships through trusted advice and superior service.

The launch of the Wealth Management facility is the first step in a long-term commitment by CIBC FirstCaribbean to offer a comprehensive range of Wealth Management services to its clients in Trinidad & Tobago. The bank sees Wealth Management and electronic banking initiatives as among its engines of growth and competitive differentiation as it charts its course for the future.

Key to this is the development of its customer relationship management function with enhancements that will strengthen its client service and position the bank as a trusted partner in financial management.

Left to right: Ian Chinapoo, Managing Director for CIBC FirstCaribbean’s Corporate Banking & Trinidad business, Executive Chairman, Michael Mansoor, Trinidad & Tobago’s Minister of Trade and Industry, Hon. Stephen Cadiz, and CIBC FirstCaribbean’s Chief Executive Officer, Rik Parkhill, prepare to cut the ribbon to officially open the bank’s new Wealth Management office in Port of Spain, Trinidad

In his address at the opening ceremony the Chief Executive Officer of CIBC FirstCaribbean, Mr. Rik Parkhill reinforced the Bank’s commitment to customer service and corporate social responsibility when he assured clients “one commitment that we can give to you this evening, is that we will continue to invest in the development of our people, technology and products.”

The event was attended by a number of the bank’s other senior executives, including Executive Chairman, Michael Mansoor, Managing Director for Wealth Management, Mark Young, Chief Administrative Officer, Minish Parikh, Managing Director for Retail Banking Rolf Phillips, and Managing Director for Corporate & Investment Banking and Trinidad & Tobago, Ian Chinapoo.

CIBC FirstCaribbean also operates a number of other Wealth management Centres in Barbados, The Cayman Islands, Curacao, The Turks and Caicos Islands, Jamaica, The Bahamas and The British Virgin Islands.

CIBC FirstCaribbean also took the opportunity to present donations to two charitable organizations represented by 2011 Unsung Hero finalists. The Bank presented TT$25,000 each to Peter Knaggs on behalf of the Princess Elizabeth Home for the Handicapped and Johnann Jerry-Lovell on behalf of the Manta Ray Swim Club.

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Category: Business, Culture & Society, Trinidad News

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