KINGSTON, Jamaica— Stacy Belnavis has been named the president and chief executive officer (CEO) of PROVEN Bank.

The announcement was made in a statement on Monday by the bank, which disclosed that Belnavis will lead the company’s banking operations in the Cayman Islands and St Lucia.

The bank said that with over 20 years of experience in strategic business development, treasury management, agile project management and marketing throughout the Caribbean, Belnavis is expected to drive the company’s strategic vision for growth and transformation in the region.

“Stacy’s leadership and experience in transforming businesses through technology, collaboration, and a customer-focused approach, make her the ideal fit for PROVEN Bank at this exciting stage of our journey,” said Johann Heaven, deputy CEO at PROVEN Group.

Belnavis holds an MBA in Global Leadership from the University of Liverpool and a BSc in Economics and Finance from the University of the West Indies.

Prior to joining PROVEN Bank, Belnavis spent 17 years at Citibank where she held various positions. She also spent seven year at CIBC Caribbean where she pioneered digital banking initiatives that merged technology with retail banking, significantly enhancing client acquisition, product development, and brand visibility.

With a strong background in finance, leadership, business development, and communication, combined with her deep knowledge of the Caribbean landscape, the bank believes that Belnavis will be instrumental in driving the continued success of PROVEN Bank.

“Stacy’s pan-Caribbean experience and training, perfectly positions her to continue the work of developing innovative financial solutions for both our individual and corporate clients,” said Garfield Sinclair, PROVEN Bank chairman.

In being named the new CEO of PROVEN Bank, Belnavis expressed excitement over the appointment.

“I am excited to lead the talented team here at PROVEN Bank and look forward to building on the bank’s strong foundation and ambitious goals. Additionally, there will be intentional focus on group-wide collaboration to deliver returns to our shareholders,” said Belnavis.

The bank said that Belnavis’ appointment will facilitate a refocus on its core financial competencies of banking and wealth management.

“The strategy is to consolidate wealth management (including financial advisory) into PROVEN Bank (Cayman) Limited, subject to regulatory approval. Additionally, we have taken the decision to exit our small financial advisory businesses in Bermuda and the British Virgin Islands, which never fully recovered from the impact of COVID, and instead concentrate on territories where we have significant operational presence, namely Cayman, St Lucia, Jamaica, and Barbados. We have also commenced the process of consolidating all financial services onto one technology platform, and this should be completed in the first half of 2025,” PROVEN Bank said.