Fri | Dec 9, 2016

Clarke heads to Sagicor

Published:Tuesday | September 16, 2014 | 12:00 AM
Bill Clarke

Daraine Luton, Senior Staff Reporter

Bill Clarke, former head of the Bank of Nova Scotia Jamaica, yesterday joined Sagicor Bank as a sales and marketing consultant.

"Bill comes to us with a tremendous amount of experience, relationships, and I think we will benefit from it richly," Richard Byles, president and CEO of Sagicor Group Jamaica Limited, told The Gleaner yesterday.

Byles said Clarke's principal role was to assist the bank in its sales and marketing efforts, noting that "he has a lot of good relationships built up over many, many years in the business".

Said Byles: "He also has other banking experience and expertise that he will offer to us from time to time."

Early retirement

Clarke left Scotiabank on early retirement in November 2008 after serving 40 years with the bank, 13 of which were spent as president and chief executive officer. He was not due for retirement until December 15, 2015 when he turns 65.

The decision for him to go on early retirement followed a meeting in July 2008 at the bank's headquarters in Canada. Clarke subsequently sued Scotiabank and later settled on an retirement package, having contended that under the terms of his contract, he was not due to retire until he was 65.

He said to the best of his knowledge, he was in good health and had every intention to continue his service with the bank.

Byles yesterday said Clarke has had "an outstanding career in banking and he has a lot to offer a bank that is trying to grow, that wants to do things good for its customers, do things differently".

He added: "Bill has good relationships; there are customers that he used to deal with, that he still has excellent relationships with ... . He has the experience of marketing generally, and I think those things will assist us a lot."

Sagicor Group acquired the RBC Royal Bank (Jamaica) Limited and RBTT Securities Jamaica Limited in June this year, a deal which placed the Sagicor Bank among the top three commercial banks in the island.

daraine.luton@gleanerjm.com