The board of directors of Fidelity Bank Cayman has appointed of Benjamin Freeman as president and CEO.
The bank was acquired by Jamaica-based private equity firm Proven Investments Limited through a newly formed subsidiary, Proven Bank Holdings Limited, four months ago.
At the time Proven said the transaction aligns well with its core banking banking and wealth division business model.
Fidelity said in a press release that Freeman was appointed following a board review of the bank’s structure and the search for a chief executive who would complement and enhance the skills of the bank’s existing management.
“Our search considered the Group’s desire for growth, along with leadership that was familiar with both the local and regional landscape; we also required a decisive leader with the commercial acumen, passion for empowering people and commitment to investing in the technology required to deliver a best-in-class customer experience,” said Garfield Sinclair, chairman of the bank’s board of directors.
Freeman has 34 years of professional experience, and 20 years in the banking industry.
He has previously worked in senior roles at UBS AG, Manufacturers Hanover/Chemical Bank and First Caribbean International Bank (CIBC).
In addition to his experience in banking, Freeman spent thirteen years at Cable and Wireless Communications, recently leading The Bahamas Communication Company consumer division, covering 67 retail stores on 17 islands across the Bahamas. He was responsible for product management, retail and direct sales and the newly created customer center of excellence.
During his tenure, Freeman led the disaster recovery efforts for his division during and after the devastating impact of Hurricane Dorian on Grand Bahama and Abaco.
“I am very excited to have been selected as Fidelity Bank’s President & CEO, and to join in building on the bank’s legacy as we work to accelerate growth and to deepen our support for customers and the community,” said Freeman.
Freeman currently lives in the Cayman Islands and has lived and worked in the Caribbean including Barbados and The Bahamas for 15 years.
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