Cayman National

Cayman National Announces New General Manager of its Subsidiary, International Banking Group (TCI) Ltd.

12 April 2011

Cayman National Corporation Ltd. announces that the President and Chief Executive of its subsidiary in the Turks & Caicos Islands, International Banking Group (TCI) Ltd. (IBG), Ivan Browne, has left the Bank having completed his 3-year contract to set up and open the operation.

At a recent meeting with the IBG staff, Stuart Dack, Chairman of IBG, advised that Mr. Browne had decided to seek a fresh challenge elsewhere and he thanked him for his hard work and efforts in getting the Bank to this stage. Mr. Dack also announced that Mr. Kenwyn Bovell, the Senior Vice President of Credit for IBG, will take over as the General Manager of IBG subject to the normal regulatory approvals.