March 26, 2007

NEW CIB PRESIDENT

The Board of Directors has announced the appointment of Mr. Richard Trotman as President of CIB with effect from February 01, 2007.

This follows the retirement of former President, Lennox Archer, whose contract expired on January 31st 2007. Mr. Archer leaves CIB after sixteen years, having joined the Bank from its inception. He served as President for twelve years.

Newly installed President, Richard Trotman had performed in the capacity of Executive Vice President and Chief Operating Officer since joining CIB on February 09, 2005.

After graduating from UWI, Richard first worked as an Auditor in the Public Service then as a Financial Analyst in Budgeting, Planning and Treasury at an ammonia and urea fertilizer production facility in Point Lisas.

He joined Republic Bank in 1990 where he played a key role in establishing The Bond Trading Division, a pioneering secondary market bond trading function that subsequently became Republic Securities Limited (RSL). During his time at RSL he also managed the Republic Bank’s Treasury and Money Market functions. In 1995 he was transferred to Republic’s merchant bank, FINCOR, and successfully took up the challenge to establish the Eastern Caribbean Office in Grenada. In January 1998 he returned to FINCOR’s Trinidad Office where he was deputy to the Managing Director and had responsibility for the Treasury, Structured Finance, Accounting, and Regional Merchant Banking functions.

In August 2000, Richard joined the CL Financial Group where his work involved Corporate Finance, Investments, Divestments, Corporate Restructuring, Mergers and Acquisitions, and Project Evaluation & Financing. In February 2005 he took up the position of Executive Vice President and Chief Operating Officer at Clico Investment Bank Limited. He is a director of Jamaica Money Market Brokers Limited (JMMB) and Flavorite Foods Limited.

Richard holds both B.Sc. and M.Sc. Degrees in Accounting from the UWI and has served as an academic tutor in Accounting and Financial Management at that institution. He is a member of the Institute of Chartered Accountants of Trinidad and Tobago. In July 2003, he completed the Advanced Management Program at the Wharton School, University of Pennsylvania.

CIB’s Board of Directors is confident that Trotman’s leadership will lend the necessary support in continuing the development and growth of the Bank as a strong financial institution.