Damion Hobson Secures Second Term as Chairman of the Bank of Nevis

Paragraph 1: Leadership Renewal and Strategic Direction

The Bank of Nevis Limited embarked on a new chapter in its governance with the re-election of Mr. Damion Hobson as Chairman of the Board of Directors. This decision, ratified during a board meeting held on March 4, 2025, at the bank’s headquarters in Charlestown, Nevis, signals a continuation of the strategic vision and leadership that has guided the institution’s growth and success. Mr. Hobson, in his address following the re-election, emphasized the board’s commitment to expanding the bank’s footprint within St. Kitts and the broader Caribbean region, while simultaneously solidifying its dominant position within Nevis. This dual focus underscores the bank’s ambition to become a major regional player while remaining deeply rooted in its local community.

Paragraph 2: Empowering Communities through Financial Solutions

Central to The Bank of Nevis’s mission is the empowerment of its citizens and clients through tailored financial solutions. Mr. Hobson reiterated the board’s dedication to supporting CEO Denrick Liburd and the management team in realizing this objective. The bank aims to be a catalyst for individual and collective progress by providing financial instruments and services that facilitate homeownership, educational pursuits, entrepreneurial ventures, and overall improvement in the quality of life for the people it serves. This commitment reflects a deep understanding of the bank’s role in fostering economic development and social well-being within its operational sphere.

Paragraph 3: Board Composition and New Appointments

The board meeting also saw the re-election of Ms. Jessica Boncamper as Deputy Chairman, reinforcing the stability and continuity of the bank’s leadership structure. Furthermore, the recent Annual General Meeting, held on February 27, 2025, welcomed Mr. Christopher Louard as a new member of the Board of Directors. Mr. Louard’s appointment, replacing Ms. Clydella Hanley who opted not to seek re-election, brings fresh perspectives and expertise to the board’s deliberations. The complete composition of the Board of Directors now includes Damion Hobson (Chairman), Jessica Boncamper (Deputy Chairman), Laurie Lawrence, Adrian Daniel, Rawlinson Isaac, Sonia Williams, Joseph Herbert, Leon Charles, Jessica Ferdinand-Phipps, and Christopher Louard. This diverse group of individuals brings a wide range of skills and experiences to guide the bank’s strategic direction.

Paragraph 4: From Humble Beginnings to a Billion-Dollar Institution

Reflecting on the bank’s impressive trajectory, Mr. Hobson highlighted its remarkable growth over the nearly four decades since its inception. Starting with a modest capital base of a quarter-million dollars, The Bank of Nevis has blossomed into a robust financial institution with a current valuation exceeding one billion dollars. This exponential growth is a testament to the bank’s sound financial management, strategic decision-making, and unwavering commitment to serving its customers and communities. Mr. Hobson’s declaration that The Bank of Nevis is "no longer a small bank" signifies its arrival as a significant player in the financial landscape, poised for further expansion and development.

Paragraph 5: Commitment to Economic Growth and Community Prosperity

The Board of Directors reaffirmed its dedication to enriching the lives of the people of St. Kitts & Nevis, promoting economic growth, and ensuring widespread prosperity. This commitment goes beyond simply providing financial services; it reflects a deep-seated understanding of the bank’s role as a vital engine for economic and social development within the nation. By fostering financial inclusion, supporting entrepreneurship, and investing in community development initiatives, The Bank of Nevis aims to create a more vibrant and prosperous future for all its stakeholders.

Paragraph 6: Celebrating 40 Years of Service and Looking Ahead

As The Bank of Nevis approaches its 40th anniversary in 2025, preparations are underway to commemorate this significant milestone. Chairman Hobson revealed the imminent formation of a special committee tasked with planning a series of celebratory events to mark the occasion. These events will not only celebrate the bank’s past achievements but also serve as a platform to articulate its vision for the future. Established in 1985, The Bank of Nevis remains steadfast in its mission to drive financial empowerment and economic progress for the nation, and the upcoming anniversary provides an opportunity to reflect on its journey and reaffirm its commitment to its core values and long-term objectives.