Wednesday, February 21, 2018

Retiring Mansoor challenges govts to stimulate growth


Mark Fraser

Chairman of CIBC FirstCaribbean Bank Michael Mansoor has challenged Caribbean governments to do the things necessary to put the region’s economies back on a growth path.

He made the statement in Barbados earlier this week hours after announcing his retirement which takes effect October 1.

The regional banking executive gave words of advice for renewed regional growth and competitiveness as he was being honoured for his distinguished service to the Caribbean’s largest banking institution with the naming of the CIBC FirstCaribbean Headquarters at Warrens, St Michael, Barbados, after him.

The Michael Mansoor Building, carved in coral stone over the main door, was unveiled by Barbadian Prime Minister Freundel Stuart, assisted by president and CEO of CIBC Gerald McCaughey, chief executive of CIBC FirstCaribbean Rik Parkhill, and Mansoor’s wife Maureen.

Addressing an audience that included prominent Caribbean business leaders such as Gordon Butch Stewart, Sir Charles Williams and Sir Kyffin Simpson, Mansoor said never before had the need for enlightened leadership from both the public and private sectors been more critical. 

“I leave the executive of the bank at a time of challenge and regional adversity, but I am comfortable and confident that I leave it in the hands of the best management team in the industry,”  he said.