Damion Hobson Re-elected Chairman of the Bank of Nevis

Paragraph 1: Leadership Continuity and Strategic Direction at Bank of Nevis Limited

The Bank of Nevis Limited (BON) has reaffirmed its commitment to stability and strategic growth with the re-election of Mr. Damion Hobson as Chairman and Ms. Jessica Boncamper as Deputy Chairman of the Board of Directors. This decision, made during a board meeting on March 4th, 2024, underscores the bank’s confidence in their leadership and their vision for the institution’s future. Mr. Hobson emphasized the Board’s unwavering support for CEO Denrick Liburd and his management team, signaling a collaborative approach to strengthening the bank’s position in the financial market. This continuity in leadership is expected to provide a solid foundation for BON’s continued success and its ability to navigate the evolving financial landscape.

Paragraph 2: New Board Member and Shareholder Engagement

The recent Annual General Meeting (AGM) of the Bank of Nevis Limited, held on February 27th, 2024, marked a significant transition in the composition of the Board of Directors. Shareholders welcomed Mr. Christopher Louard as the newest member, replacing Ms. Clydella Hanley, who opted not to seek re-election. This change reflects the bank’s ongoing commitment to refreshing its leadership perspectives while maintaining a balance of experience and fresh insights. Mr. Louard’s addition to the board is anticipated to bring new perspectives and contribute to the bank’s strategic decision-making processes. The AGM also provided an opportunity for shareholders to engage with the bank’s leadership and express their views on the institution’s performance and future direction.

Paragraph 3: Composition of the Board of Directors – A Blend of Experience and Expertise

The Bank of Nevis Limited’s Board of Directors now comprises a diverse group of individuals with a wealth of experience and expertise in various fields. Leading the board are Mr. Damion Hobson as Chairman and Ms. Jessica Boncamper as Deputy Chairman, providing a strong foundation of leadership and strategic direction. The remaining board members include Laurie Lawrence, Adrian Daniel, Rawlinson Isaac, Sonia Williams, Joseph Herbert, Leon Charles, Jessica Ferdinand-Phipps, and Christopher Louard. This collective expertise spans various areas, including finance, law, business management, and community development, ensuring a well-rounded approach to the bank’s governance and strategic planning.

Paragraph 4: Focus on Strengthening the Institution and Delivering Value

The re-election of Mr. Hobson and Ms. Boncamper as Chairman and Deputy Chairman, respectively, signals the bank’s focus on maintaining stability and continuing its trajectory of growth. Their leadership is expected to provide continuity in the bank’s strategic initiatives and ensure a smooth transition as Mr. Louard integrates into the board. The board’s support for CEO Denrick Liburd and his team underscores the collaborative approach being taken to strengthen the institution, enhance customer service, and deliver value to shareholders. This shared vision will be crucial in navigating the challenges and opportunities that lie ahead in the financial sector.

Paragraph 5: Embracing Change and Adapting to the Evolving Financial Landscape

The addition of Mr. Christopher Louard to the Board of Directors signifies the bank’s commitment to embracing change and adapting to the evolving financial landscape. New perspectives and fresh insights are crucial for any organization to remain competitive and relevant in today’s dynamic market. The departure of Ms. Clydella Hanley, while marking the end of her tenure, also opens the door for new ideas and approaches. This transition underscores the bank’s commitment to continuous improvement and its willingness to embrace fresh perspectives in its pursuit of excellence.

Paragraph 6: Looking Ahead – A Future of Growth and Stability for Bank of Nevis Limited

With its renewed leadership and a diverse board of directors, the Bank of Nevis Limited is well-positioned for a future of growth and stability. The combined experience and expertise of the board members, coupled with the support for CEO Denrick Liburd and his team, create a strong foundation for navigating the challenges and capitalizing on the opportunities that lie ahead. The bank’s commitment to shareholder engagement and its willingness to adapt to the changing financial environment are essential for its continued success. As the Bank of Nevis Limited moves forward, its focus will remain on strengthening the institution, delivering value to its stakeholders, and contributing to the economic prosperity of Nevis.