Bahamas - FirstCaribbean International Bank

Group Chief Executive Officer’s Report• Opportunities for All: All jobs inFirstCaribbean are posted openly andpreference is given to Caribbeannationals reflecting our status as aCaribbean bank. We are also focused onensuring opportunities for women andnotwithstanding the 34% of womenamongst the top two tiers ofmanagement have set ourselvesambitious targets to further increase thisproportion.The quality of people is a critical success factorin future performance and the opportunitypresented by the merger has been taken tosignificantly strengthen the senior managementin our selection processes. To that end it is mypleasure to welcome Stuart Gunn, Chief RiskOfficer, Bryan Gaunt, Executive Director,Internal Audit, Peter Hall, Executive Director,Human Resources, Francis Lewis, ExecutiveDirector, Marketing and Communications andJackie Beaurivage, Senior Vice President,Integration, all of whom have joined theExecutive Management Committee over the lastyear. A ‘best of both’ philosophy is beingapplied in selecting for jobs throughout our newbank and I am very pleased with the excellentquality of people which our bank starts its lifewith.CommunityWe believe in operating in partnership with thecommunities of which we are a part. We believein giving something back.is a very substantial commitment to ourregion’s future, but one which we aredelighted to make.• A commitment to produce an annualCommunity Partnership report, detailingthe spending of the 1%, and made widelyavailable, effectively offering externalauditing of our activities in this area.• Some 30% of the 1% is made available toour local Country Management teams fordistribution. The other 70 % is beingfocused on a number of central progammes,which are currently being developed.I see Community Partnership as a key facet of anyresponsible business and I will continue to updateyou on our performance in this area in subsequentreports.Our FutureOur name, FirstCaribbean International Bank, is avery literal name. It describes us as a bank withinternational reach, standards and heritage butsecurely grounded in our home of the Caribbean.But above all it describes our goal of being first ineverything we do.Our vision is to be the bank of first choice in theCaribbean and The Bahamas, first for customers,first for employees, first for service and first forinnovation in the eyes of all. We are committedto being the Caribbean’s number one financialservices organisation.To this background, FirstCaribbean hasintroduced a new Community PartnershipScheme for 2003. The key elements are:• A commitment to spend 1% on post taxprofits of our Community Partnershipactivities each year. For 2003, based on2002’s pro-forma profits, this is expectedto be a sum in excess of $1 million. ThisCharles PinkGroup Chief Executive Officer24