CO­LETTE DE­LANEY AP­POINTED CHAIR OF THE FIRSTCARIBBEAN COMTRUST FOUN­DA­TION

The Star (St. Lucia) - - LOCAL -

In its 16 year his­tory, CIBC FirstCaribbean, through its char­i­ta­ble arm the FirstCaribbean ComTrust Foun­da­tion, has do­nated more than US$20mil­lion to wor­thy causes in the Caribbean.

This was re­vealed as the foun­da­tion wel­comed on board a new Chair.

Chief Ex­ec­u­tive Of­fi­cer Des­ig­nate, Co­lette De­laney, was unan­i­mously elected to chair the foun­da­tion’s board of trustees, at a re­cent meet­ing of the group in Bar­ba­dos. That meet­ing also saw the res­ig­na­tion of cur­rent Chair, Gary Brown. Mr. Brown re­tires from the bank on Oc­to­ber 31, 2018.

The out­go­ing chair noted that the work of the bank’s foun­da­tion was one of the more re­ward­ing and en­joy­able as­pects of his ten­ure with CIBC FirstCaribbean and added that he rel­ished tak­ing part in the types of projects man­aged by the foun­da­tion, that en­riched the com­mu­ni­ties in which the bank op­er­ates.

The FirstCaribbean In­ter­na­tional ComTrust Foun­da­tion was es­tab­lished by the bank in 2003, shortly af­ter the merger that cre­ated CIBC FirstCaribbean out of the Caribbean op­er­a­tions of Bar­clays Bank and CIBC. Es­tab­lished as a reg­is­tered char­ity in Bar­ba­dos, the foun­da­tion sup­ports projects in the 17 coun­tries where the bank has a pres­ence, do­nat­ing not less than US$1mil­lion an­nu­ally.

50% of the funds do­nated by the foun­da­tion goes to pan-Caribbean projects and to sup­port ac­tiv­i­ties un­der Mem­o­randa of Un­der­stand­ing with var­i­ous re­gional in­sti­tu­tions, and the re­main­ing 50% is di­vided among the bank’s var­i­ous busi­ness units for char­i­ta­ble giv­ing in their re­spec­tive mar­kets.

Among the main re­gional projects for the foun­da­tion are: the Hos­pi­tal for Sick Chil­dren Caribbean Ini­tia­tive which seeks to im­prove the di­ag­no­sis and care of chil­dren in the Caribbean af­fected by can­cer and blood diseases such as Sickle Cell Anaemia; sup­port for young en­trepreneurs through the Caribbean As­so­ci­a­tion of Youth Busi­ness Pro­grammes; and a long­stand­ing re­la­tion­ship with the Univer­sity of the West Indies to fa­cil­i­tate re­search, cur­ricu­lum devel­op­ment, and schol­ar­ships.

The foun­da­tion’s flag­ship pro­gramme is its an­nual Walk for the Cure which over seven years has con­trib­uted over $2mil­lion in funds raised, in ad­di­tion to the foun­da­tion’s an­nual bud­geted amount, and is specif­i­cally for the sup­port of can­cer pa­tients around the re­gion.

Of her ap­point­ment, Ms. De­laney noted: “To many, char­i­ta­ble giv­ing is an af­ter-thought. To CIBC FirstCaribbean, we con­sider it to be a key ac­tiv­ity on our agenda. Our prom­ise to the re­gion’s gov­ern­ments to give back some of what we earn to help the Caribbean’s peo­ple is un­wa­ver­ing. I look for­ward with great en­thu­si­asm to be­ing able to play my part in shap­ing the work of the foun­da­tion.”

Ms. De­laney’s ap­point­ment as chair of the foun­da­tion’s Board of Trustees took ef­fect on Oc­to­ber 4; she as­sumes the role of Chief Ex­ec­u­tive Of­fi­cer of CIBC FirstCaribbean on Novem­ber 1.

Right to left: Out­go­ing Chief Ex­ec­u­tive Of­fi­cer Gary Brown; Co­lette De­laney, CEO Des­ig­nate and new Chair of the FirstCaribbean ComTrust Foun­da­tion; Mark St. Hill, Trustee and Manag­ing Di­rec­tor, Re­tail and Busi­ness Bank­ing; De­bra King, Trustee and Di­rec­tor of Cor­po­rate Com­mu­ni­ca­tions; Clenell Good­man, Trustee.

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