Youth Business International

George Town, Cayman Islands, April 2, 2012 - CIBC Bank and Trust has won Citywealth magazine’s prestigious Offshore Award- Caribbean Private Bank of the Year for 2012.

Commenting on the award, Ben Gillooly, Chief Executive Officer (CEO), CIBC Bank and Trust, said he was immensely pleased that the organization had been recognized and rewarded for its outstanding work and the high level of service it gives to customers.

“CIBC Bank and Trust is committed to providing excellent service and sound financial planning advice to all our valued customers, especially in difficult economic times such as these.  We are proud to be the recipient of one of Citywealth’s prestigious offshore awards.  Our customers can depend on us to offer world-class, professional advice as we continue to grow our business to help them achieve their financial goals,” Mr. Gillooly stated.

In addition to this award, CIBC Bank and Trust Company (Cayman) Limited has also been nominated by Citywealth for the equally prestigious Trust Company of the Year Award.

“Every day our experienced staff ensures that our bank satisfies and indeed, exceeds, our customers’ expectations.  It is an honour to be nominated. It is always satisfying to be recognized by industry experts, and would indeed be a tribute to the professionalism and commitment of our excellent team here in Cayman,” Mr. Gilooly added.

CIBC Bank and Trust operates in the Cayman Islands and The Bahamas and is a leading international financial service provider.  The highly qualified team of seasoned professionals provides a full range of banking, trust and investment services to individuals, corporations and international financial intermediaries.

Citywealth magazine is an industry-leader in the wealth management and private investment segment.  Its aim is to assist individuals, managers and advisors navigate the global wealth industry easily to ensure a good experience for private clients and investors.

The magazine’s Offshore Awards highlight the excellence of the advisors and managers in the private wealth sector in the major offshore jurisdictions.

Two CIBC Bank and Trust Executives make the Citywealth Leaders List 2012

Andrew Needham, Director, Trust and Client Services and Michael Halsey, Director, Trust and Investment Services have been included on the Citywealth Leaders List 2012, as Leading Trustees-Prominent Figure Leaders.

This list of leading service providers is compiled from recommendations from people within the private wealth management sector as well as their clients.

Mr. Needham, who has been in the trust business for over twenty years, is responsible for marketing and client service initiatives, in addition to managing many of the bank’s Ultra High Net Worth (UHNW) clients. Mr. Needham is a member of the Society of Trust and Estate Planners (STEP) and is currently chairman of the Education Committee of the Cayman Island Bankers Association.

Mr. Halsey has been in the trust business for twenty years.  He is responsible for all investment oversight as well as the Corporate Department, in addition to managing many of the bank’s UHNW clients.  Mr. Halsey is an Associate of the Chartered Institute of Secretaries and Administrators in the United Kingdom, having qualified in 1995.