Tue | Sep 26, 2017

Movements

Published:Friday | January 15, 2016 | 1:00 AM
Gary Brown
Alwayne Cousins
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Movements

CIBC FirstCaribbean appoints new CEO

The Canadian owners of regional bank FirstCaribbean International have appointed Gary Brown as chief executive officer as replacement for Rik Parkhill, who held the position for four years.

Brown was previously the global head of corporate banking with Canada's CIBC, and served on the bank's wholesale banking management committee and investment committee, and CIBC's operating committee.

CIBC says he will continue to serve on the operating committee in his role as FirstCaribbean's CEO. His regional appointment to the Barbados-based bank took effect January 1, 2016. He will lead a bank that spans 17 markets that are served by 2,900 staff, across 100 branches and offices.

For close to a decade, from 2004 to 2013, Brown was president and CEO of CIBC World Markets Corp, which is the bank's US broker-dealer, as well as a regional head of US operations.

He has been a banker for three decades since 1976. His career began at Chase Manhattan Bank, but he has also worked with UBS. He later became president and director of an Internet professional services company called K2 Digital Inc, before joining CIBC in 2001.

New head of JMMB Corporate Solutions team

Alwayne Cousins has been tapped by JMMB Group as head of the JMMB Corporate Solutions team. He replaces Kadean Bruce-Miller, who resigned, the company said.

Cousins, who was promoted from within the organisation, has been on the new job since November 2015. He previously served as personal portfolio manager at JMMB Limited.

Cousins holds a Masters of Business Administration from Florida International University and a bachelor's degree in accounting from the University of Technology, Jamaica.

He sits on the board of the Natural Resources Conservation Authority, a state regulator of developments, and is the chairman of the board's finance committee.