Bridgetown, Barbados, February 12, 2007 – FirstCaribbean International Bank is pleased to announce that it has named Rolf Phillips as Executive Director, Retail Banking.

Phillips, whose appointment took effect from January 15, has more than 25 years of diverse banking experience. He previously served as General Manager of FirstCaribbean’s Mortgage business within Retail Banking. During his career with the Bank, he also held senior roles as Sales & Performance Director of Wealth Management and as Managing Director of the Cayman Wealth Centre.

The newly appointed Executive Director, born in Grenada, began his career with Barclays Bank PLC in 1980 and served in a number of retail roles with that Bank in Antigua, Grenada and The Grenadines. He also held senior positions in Barclays’ retail and international banking units.

In addition, Phillips was a key player in the core team, which launched FirstCaribbean’s International Banking business in the region. He is credited for building an established track record of outstanding financial results, particularly in the Residential Business segment of FirstCaribbean’s Retail business.

Charles Pink, Chief Executive Officer at FirstCaribbean, welcomed Phillips to the Bank’s Executive Leadership Team.

“It is a pleasure to welcome Rolf to his new position. We are confident that with his expertise and customer- and employee-focused approach to leadership, the Retail Banking business at FirstCaribbean International Bank will grow strongly,” he said.

Phillips is an Associate of the Chartered Institute of Bankers (UK), with professional qualifications in leadership, recruitment, retail credit management and adjudication and sales management.