Business

CIBC First Caribbean officially opens Private Wealth Management office in Cayman

Saturday, June 07, 2014    

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CIBC FirstCaribbean officially opened its Private Wealth Management Cayman office recently at an exclusive event where attendees had the opportunity to both meet the private wealth management advisors and indulge their culinary appetites.

Hosted by Mark McIntyre, managing director and country head for CIBC FirstCaribbean (Cayman) Limited, and Daniel Wright, managing director, CIBC FirstCaribbean Private Wealth Management, the event was held at Osetra Bay under the theme of a "Eurobbean" culinary experience. The 110-plus guests, who included the Cayman Island's Governor General Helen Kilpatrick and members of the public and private sectors, enjoyed several dishes prepared in front of them by the chefs of Osetra Bay.

The Cayman office is the first of what will eventually be six CIBC FirstCaribbean Private Wealth Management offices throughout the region, according to McIntyre, and Cayman will be the regional base for this particular area of CIBC FirstCaribbean's business.

"It makes sense that Cayman would boast the flagship office as our jurisdiction's reputation for excellence in both service and quality of financial products and offerings is both well documented and well earned," said McIntyre. "This, coupled with the strong, established backing of the CIBC name, guarantees that we are more than capable of meeting the complex financial requirements of our clients with professional, sophisticated attention and sound wealth management expertise."

Wright introduced the Cayman Private Wealth Management team, and talked briefly about the services that CIBC FirstCaribbean offers.

"Our team provides clients with customised solutions in five key areas of wealth management -- investment planning and asset management; credit planning and management; wealth protection and structuring; cash management; and business planning. We understand that their lifestyles, finances and investments are complex and our team here at CIBC FirstCaribbean has the skills and means by which to give them the level of service they expect."

CIBC Bank and Trust Company (Cayman) Limited has been a leader in private wealth offerings for many years. The business in Cayman was led by CEO, Ben Gillooly, who recently retired but has stayed on as chairman. Dan Wright will take on dual roles of managing director of CIBC Bank & Trust (Cayman) Limited and managing director of CIBC FirstCaribbean Private Wealth Management.

CIBC FirstCaribbean Private Wealth Management offices will eventually operate in The Bahamas, Barbados, Jamaica, Trinidad & Tobago and Curacao.

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