CIBC Launches Advisory Centre at Governors Square

By Stuart Wilson

Banking institution CIBC opened its new advisory centre in Governors Square on the West Bay Road on Thursday, 28th November.

Chief Executive Officer for the bank, Mr. Mark St. Hill made the journey all the way from Barbados for the occasion and told the audience in attendance for the launch that it was, “…a very proud moment.”

“We are a very modern, relationship oriented bank and we specialise in making our client’s ambitions real,” he said adding that the new location was a clear signal of the institution’s confidence in Cayman’s vibrant marketplace.

Mr. Hill, who has been in the role of CEO for the bank for two years and worked with the organisation for over 34 years, said relationships are the cornerstone of the CIBC and customers can rest assured that their relationship is not only with the bank’s Caribbean operations but also that of the bank’s global parent company.

Regarding Cayman’s profile as a top financial destination, he said “Real-estate in Cayman keeps growing and we are excited to support the real-estate boom.

“There has been a surge in economic activity in Cayman which demonstrates the resilience of the Islands’ economy post Covid-19, confirming the territory’s great potential.”

Representatives of the bank said they were thrilled to deepen ties in Cayman’s growing and highly competitive marketplace and the new advisory center is a clear indication of confidence in the jurisdiction, adding that the addition of the advisory centre is a, “…new era in banking excellence”.

The new advisory centre is meant to be a hub for the bank’s premium clients and their unique goals, which the bank’s Executive Director of Personal Finance and Banking, Mrs. Deepa Boucaud said were intertwined with the bank’s vision for success in the Cayman Islands.

CIBC is currently in 10 countries around the world. They are the number 1 bank in five of those destinations.

Mr. Hill said the goal is always to be number 1 or at the very least number 2 in all of the markets they operate in.

CIBC Managing Director, Cayman, BVI, Mr. Mark McIntyre noted:

“The platinum advisory centre is an exciting milestone for CIBC Caribbean and represents our commitment to providing exceptional services and tailored financial solutions to our platinum, private wealth and corporate banking clients.

“Our vision has always been to meet the evolving needs of our clients and today marks another significant step forward in achieving that goal. The new facility embodies this commitment and  features modern amenities and cutting-edge technology to make banking simpler, faster and more convenient.

“We are truly proud to offer a space where our clients can access expert advice, personalised guidance and comprehensive resources all under one roof.”

Other officials representing the bank added that the platinum banking experience being offered at the new facility will be tailor made and the institution’s experienced team are dedicated to client success.

Landlord of Governor’s Square, Mr. Bobby Bodden sent his remarks via his son Justin Bodden, noting that he was happy to see the introduction of the CIBC’s new advisory centre, explaining that the complex was meant to be a commercial centre where a family relationship is fostered with tenants. Mr. Bodden also rated the bank as ‘first class’.