Mr Fabian S. Devonish was appointed Country Head of CIBC Caribbean in the Virgin Islands (VI) from December 1, 2024. Photo: CIBC

As Country Head of CIBC Caribbean in the Virgin Islands, Mr Fabian S. Devonish will lead operations under the Cayman Operating Company. Photo: CIBC

Under the leadership of Mr Fabian S. Devonish, CIBC Caribbean in the Virgin Islands achieved one of the most significant milestones in the VI’s financial history by securing a historic $100 million loan facility with the Government of the Virgin Islands. Photo: Facebook

This was announced in a press release from the financial institution on Monday, December 2, 2024.

Mr Devonish has almost 3 decades of experience

According to the press, in his new role, Mr Devonish will lead operations in the VI under the Cayman Operating Company, leveraging his extensive experience to drive continued success and growth for the bank in the Territory.

He brings nearly thirty years of expertise in the financial services industry, including an impressive 24-year tenure at CIBC Caribbean.

“His deep understanding of the bank's operations stems from a diverse range of leadership roles in sales and business support, special projects, operations, and credit risk management, gained across Barbados, the Cayman Islands, and the BVI,” the release added.

Focused on exceptional service delivery- Mr Devonish

The new Country Head of CIBC Caribbean in the Territory, Mr Devonish said while the bank continues to expand its presence, the focus remains on exceptional service delivery and innovative financial solutions tailored to the needs of the community.

“I am excited to lead this dedicated team into a new chapter of growth and development,” he stated.

Meanwhile, the Managing Director of Cayman Operating Company Mr Mark McIntyre said the company is pleased to appoint Mr Devonish as Country Head for the VI.

“His unparalleled expertise, leadership, and dedication to both the bank and the community will be instrumental in continuing our commitment to excellence in service and social responsibility in the BVI,” he stated.

A reputation for excellence

Mr Devonish the press release explained earned a “reputation for excellence” while serving as Branch Manager for the VI while guiding the personal and business banking teams with “distinction”.

Under his leadership the bank achieved one of its most significant milestones in the VI’s financial history by securing a historic $100 million loan facility with the Government of the Virgin Islands, which has been described as the “largest ever in the Territory”.

Mr Devonish is also a passionate advocate for community development and has played a key role in enhancing the bank’s philanthropic efforts.