FirstCaribbean International Bank Jamaica (FCIBJ) has announced that Clovis Metcalfe will be “retiring shortly” as managing director of the company.

The bank made the disclosure to the Jamaica Stock Exchange on Friday.

Metcalfe, who has been with the bank for 36 years, has been serving as head of its Jamaican operations since January 1, 2009, when he replaced Milton Brady.

Metcalfe has served FirstCaribbean in several leadership capacities throughout his banking career. These have included areas of branch management and Corporate Credit.

FCIBJ recorded $202 million in net income for the first quarter ending January 31, 2010, a 43 per cent decline from the $356 million reported for the prior year. Total revenues for the quarter amounted to $1.1 billion compared to $1.2 billion in 2009. Net interest income for the quarter was $830 million, representing a marginal increase of $19 million, or two per cent, over the prior year, resulting from lower interest expense due to the repayment of the issued debt securities last year and lower deposit interest cost.