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FOR IMMEDIATE RELEASE 18 October 2022
PROVEN Bank Strengthens Cayman Operations
Three New Executives to enhance customer experience and position the company for new growth opportunities
George Town, Cayman Islands – PROVEN Bank (Cayman) Limited (PBCL) today announced that three new Executives have joined the organisation, to support the execution of the Bank’s operational strategy for enhancing client experience and fuelling long-term growth goals. The appointed officers are Nikita Kissoon, Colin MacDonald and Elvis Coward.
“We are keen on providing clients with a highly personalized customer experience, and world-class banking products. Backed by the PROVEN Group, focus will remain on maintaining strong regulatory compliant standards while growing profitability to ensure our continued financial strength. The addition of these three highly experienced and dedicated members to the team will provide the instrumental leadership needed to achieve these objectives.” stated Benjamin Freeman, President and CEO of PROVEN Bank.
Nikita Kissoon has been appointed as a Senior Officer of the Finance team. For the past nine years, she has held the position of Financial Controller at Republic Bank (Cayman) Limited. Nikita led the Finance division of the Bank and was responsible for all financial, treasury and regulatory matters. In addition to her roles at Republic Bank, Nikita is also a former Auditor at PricewaterhouseCoopers, where she served as a Senior Associate and garnered extensive auditing experience across many industries in the Americas and Caribbean.
Nikita is a Chartered Accountant (FCCA) and Certified Anti-Money Laundering Specialist (CAMS) and will be responsible for driving business performance to maximise profitability and growth, increase efficiencies to position the business for success and assist in driving the organisation’s strategic and operational transformation into the future.
She is a former President of the Grand Cayman Toastmasters Club, and is passionate about public speaking, coaching and the mentorship of young professionals. With an impressive track record, Nikita brings a wealth of financial knowledge and experience at this important juncture in the organization.
As the company seeks to broaden its customer base and enhance customer experience, Colin MacDonald will join the team as the Head of Corporate and Private Banking. Colin will drive the bottom line for corporate clients, as well as growth opportunities. With over 25 years of experience as a Sales Operations and Engagement Expert, managing operations in Central America and the Caribbean, he has with great success, led on strategies that saw an improved customer service capability and support model to the benefit of all his clients. Colin is a beach and environmentalist enthusiast, with qualifications in scuba diving and the passion in supporting beach clean ups and the 4Ocean charity group.
As the new Head of Compliance, Elvis Coward will lead on all compliance issues, including Anti Money Laundering and Know Your Customer programmes. Elvis is a career banker with over 40 years’ experience in the financial sector, where most recently, he held a similar position at First Caribbean International Bank as their Regional Head of Compliance and was responsible for developing and implementing their compliance strategy. He is a Certified Anti Money Laundering Specialist (CAMS), with a BSc. in International Finance from the International College of Cayman Islands.
Mr. Coward was previously an Executive Member of the Cayman Islands Compliance Association as well as a member of the Cayman Islands Banker’s Association policy committee. Elvis is a motor sport and martial arts enthusiast; he currently holds a black belt in Judo and is a founding member and current President of the Cayman Islands Judo Association.
“Over the past year, we have seen several exciting and strategic new developments in our Banking and Wealth segment at PROVEN Group, primarily a deliberate effort to build resilience and a sound framework. The addition of our new team members will contribute greatly to the execution of our innovative strategy to enhance our customer experience and improve operational efficiencies as we look to serve and grow throughout the region” stated Johann Heaven, PROVEN’s Head of Banking and Wealth Division.
PROVEN Group Limited (PROVEN/PGL), through its subsidiary PROVEN Bank Holdings Limited, completed the acquisition of 100% of the outstanding shares in Fidelity Bank (Cayman) Limited (FBC) from Fidelity Bank & Trust International Limited effective February 1, 2022. The move to acquire FBC which started in 2021 supports PROVEN’s vision of being the premier Caribbean and Latin American Private Equity Firm with acquisitions that fits into its Core Banking and Wealth Division business model.
About PROVEN GROUP
PROVEN Group Limited (“PROVEN”) is the Caribbean’s premier “Income & Growth Strategy” Investment Company, built on the solid reputation of providing investors with safe and consistent returns on their investments. The PROVEN philosophy was conceptualized and is executed by one of the most experienced and professional teams in the finance and business sector throughout the region. The company’s main objective is to provide shareholders with consistent returns, through a diversified portfolio of regional and international investments. PROVEN’s vision to be the Caribbean’s premium Private Equity firm is pursued through a diversified portfolio of regional and international investments via a foothold in desirable business pools with three discrete pillars of operation:
Banking & Wealth (International Banking)
PROVEN Bank Limited –Cayman & Boslil Bank Limited
PROVEN Wealth Limited – Jamaica, Cayman and Heritage Education Funds International Inc.
PROVEN Properties Limited
Roberts Manufacturing Company Limited, Access Financial Services Limited & JMMB Group Limited