Businessuite 2018 #1 CEO Trinidad and Tobago – Nigel M. Baptiste, President and Chief Executive Officer, Republic Financial Holdings Limited
NIGEL M. BAPTISTE
President and Chief Executive Officer, Republic Financial Holdings Limited Managing Director, Republic Bank Limited
Nigel M. Baptiste, Managing Director, Republic Bank Limited and President and Chief Executive Officer, Republic Financial Holdings Limited since 2016, is a career banker with more than two decades of experience. Prior to his current position, he has served as Deputy Managing Director and Executive Director of Republic Bank Limited, General Manager Human Resources as well as Managing Director of the Group’s subsidiary in Guyana. Mr. Baptiste currently serves on the Boards of Republic Bank Limited, Republic Bank (Guyana) Limited, Republic Bank (Barbados) Limited, Republic Bank (Ghana) Limited, and other subsidiaries within the Republic Group. He holds a BSc (Hons.) and an MSc in Economics from the University of the West Indies, is a graduate of the Harvard Business School’s Advanced Management Programme, holds a diploma with distinction from the ABA Stonier Graduate School of Banking (USA), and is a member of the Chartered Institute of Bankers (England).
Republic Financial Holdings Limited (RFHL) is the registered owner of all of the banks in The Republic Group – Republic Bank Limited, Republic Bank (Guyana) Limited, Republic Bank (Barbados) Limited, Republic Bank (Grenada) Limited, Republic Bank (Suriname) N.V., Republic Bank (Ghana) Limited, Republic Bank (Cayman) Limited, Republic Securities Limited, and other subsidiaries. In keeping with international best practice, this holding company was formed with the aim of offering increased operational efficiencies and optimum management of the Group; ultimately leading to greater value for our shareholders and clients while enabling greater strategic focus and diversification.
Republic Financial Holdings Limited (RFHL) recorded profit attributable to equity holders of the parent of $1.32 billion for the year ended September 30, 2018, an increase of $70.7 million or 5.6% over the profit of $1.25 billion reported in the prior year. This increase was driven mainly by growth of $187 million in net interest income and by $75 million in other income. The Group’s operations in Cayman Islands and the Eastern Caribbean were the major contributors to the increase in profitability, generating an increase of $55 million, followed by a $21 million increase in Trinidad and Tobago, and increases of $15 million and $10 million in Suriname and in Ghana respectively. In Barbados, increased provisions resulting from the impact of the Government of Barbados default and subsequent restructuring of its local debt have resulted in a $22 million decrease in its profits after tax.
To view Republic Financial Holdings Limited 2018 Annual Report click HERE