RF Group has appointed Michael Anderson, president and chief executive officer, as executive chairman of the group.
The board of directors noted that Anderson’s appointment represents a natural progression, ensuring both continuity and strength in leadership as the company enters its next phase of growth.
A seasoned financial executive with over three decades of leadership in banking, investments, and pension services, Anderson brings not only deep institutional knowledge of RF but also connectivity within the wider financial industry.
He serves on the boards of the Bahamas International Securities Exchange and the Bahamas Central Securities Depository Limited and is chairman of the Bahamas Property Fund.
Since joining Fidelity in 1987, Anderson has played a pivotal role in some of the company’s most transformative milestones, including leading the 2019 management buyout of Royal Fidelity’s Bahamas- and Barbados-based banking operations from RBC Royal Bank and Fidelity Bank, along with the acquisition of Fidelity’s pension business in the Cayman Islands.
Over his career, he has overseen operations in The Bahamas, Barbados, the Cayman Islands and Turks and Caicos, bringing expertise in investment and retail banking, capital markets, and pension administration.
Anderson succeeds Ross McDonald, who has served in the role since 2019, guiding the group through a period of transition and market expansion. McDonald’s resignation as chairman was effective as of 19 Aug. 2025.
“Ross has been a tremendous steward of RF Group’s vision, and on behalf of the entire team, I extend my thanks for his leadership and dedication over the past six years,” said Anderson. “I look forward to building on this momentum and ensuring that RF has a strong Board and executive team to help us reach our most ambitious targets.”
As the company continues its rapid growth trajectory, Anderson’s appointment as executive chairman reflects RF’s long-term succession planning, ensuring the gradual handover of responsibilities and knowledge to the next generation of leadership. Anderson maintains his roles as president and CEO where his commitment to the company and clients remains as strong as ever.
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