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FIRSTCARIBBEAN TREASURY ANNOUNCES THREE NEW HIRES

Bridgetown, Barbados, October 1, 2007 – FirstCaribbean announced today the appointment of three new hires to its Treasury Sales & Trading team. Ivan Petrozzi, Renée Moore and Suzanne Seepersad are all seasoned practitioners who have worked in regional and international financial services organizations and bring varied experiences to the business unit. They join FirstCaribbean Treasury Sales & Trading team in Barbados, The Bahamas, and Trinidad & Tobago respectively.

In commenting on the recent appointments, Pradip Chhavda, Managing Director of Treasury Sales & Trading, stated “We are expanding this area of our business as a direct response to our customers’ needs. Our customers are also becoming more and more sophisticated and they expect from their banking service providers international levels of service. We intend to meet and surpass their expectations and recruiting professionals with the know-how and experience of Ivan, Renee and Suzanne is all part of FirstCaribbean’s strategy to achieve this.”

Ivan Petrozzi, Corporate Treasurer
As Corporate Treasurer, Ivan will develop and implement the corporate policies to manage the liquidity and price risk from the balance sheet for the Group. He will also be responsible for the oversight and setting of Funds Transfer Pricing Policy, maintaining adequate levels of Capital and managing the offshore treasury for hard currencies.

Ivan’s banking career began in 1997 with Citibank in Peru. He has held the positions of Regional Market Risk Manager for Central America, the Caribbean and Andean countries, based in Miami. He also served as Senior Vice President and was in charge of the liquidity and risk management of an Emerging Markets trading desk based in New York.

Ivan graduated “best of class” with a Bachelor of Science degree in Accounting from the Universidad de Lima, Peru.

Ivan is based in Barbados.

Renée Moore - Country Treasurer
Renée has an extensive background in Treasury spanning more than 10 years. Prior to joining FirstCaribbean, she worked with Citigroup in Trinidad and Tobago and in Nassau, The Bahamas. During her assignment at Citigroup, she held the position of Head of Sales and Trading for Citibank’s Corporate Bank.

Renée is a Chartered Certified Accountant (ACCA) and holds a Bachelor of Science Degree in Economics and Accounting from the University of the West Indies. She also has a Diploma and Certification in Business Administration.

As the Country Treasurer of The Bahamas, Renee is responsible for managing the Bahamas balance sheet, liquidity and foreign currency trading. Renee also has responsibility for managing the Treasury Sales and Trading business for The Turks & Caicos Islands, The Cayman Islands and The British Virgin Islands. Renée will operate from Nassau, The Bahamas


Suzanne Seepersad – Country Treasurer
Suzanne joined FirstCaribbean in July 2007 as Country Treasurer based in Trinidad. She is responsible for developing and marketing a range of banking and financial services products offered by the Bank.

Suzanne has had 17 years working experience in the financial sector of Trinidad & Tobago, having started her career in 1990 as an Economist at the Central Bank of Trinidad & Tobago. She has held senior positions ranging from Head Trader at First Citizens Bank Limited, Senior Dealer – Foreign Exchange at RBTT and Assistance Vice President – Treasury with Citibank in Trinidad & Tobago. She was also responsible for developing the Treasury Sales & Trading operations of one of Trinidad’s newest commercial bank.

Suzanne holds a First Class Honours Degree in Economics from the University of the West Indies and is a qualified chartered accountant (ACCA).

 
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