The Board of Directors of Fidelity Bank (Cayman) Limited (FBC/The Bank) is pleased to announce the appointment of Benjamin Freeman (Ben) as President & CEO effective Wednesday, June 1, 2022.
PROVEN Investments Limited (PROVEN/PIL), through its newly formed subsidiary PROVEN Bank Holdings Limited announced the acquisition of FBC three months ago. This transaction is aligned with PROVEN’s vision of being the premier Caribbean and Latin American private equity firm and perfectly fits into its core banking and wealth division business model.
The Bank’s Board of Directors immediately conducted a review of FBC’s current structure, which was followed by an extensive search to identify a leader capable of both complimenting and enhancing the skills of the bank’s existing management. Mr. Freeman – with his proven performance in this regard and having met all the internal and regulatory requirements – will successfully assume this mantle.
“Our search considered the Group’s desire for growth, along with leadership that was familiar with both the local and regional landscape; we also required a decisive leader with the commercial acumen, passion for empowering people and commitment to investing in the technology required to deliver a best-in-class customer experience,” Garfield Sinclair, Chairman of the bank’s Board of Directors highlighted. “Ben has, above all, a demonstrated commitment to PROVEN’s core values of integrity, teamwork, performance and respect. So, I wholeheartedly welcome him to the team on behalf of the Board of Directors.”
With over thirty-four (34) years of professional experience, twenty (20) of which has been in the banking industry, Benjamin Freeman has served some of the world’s largest banking groups notably UBS AG, Manufacturers Hanover/Chemical Bank and First Caribbean International Bank (CIBC) in senior roles. He is highly regarded for his sound leadership approach, for being results oriented, for his broad functional expertise in all lines of business, and for his dedication to optimal customer experiences.
In addition to his experience in banking, Mr. Freeman spent thirteen years (13) in Cable and Wireless Communications recently leading The Bahamas Communication Company consumer division. This included sixty-seven (67) retail stores located on seventeen (17) family islands across the Bahamas. He was responsible for product management, retail and direct sales and the newly created customer center of excellence. During his tenure, Mr. Freeman led the disaster recovery efforts for his division during and after the devastating impact of Hurricane Dorian on Grand Bahama and Abaco. Mr. Freeman’s tested and proven skills in the areas of customer service, brand and retail management are not only advantageous, but also crucial to the bank’s objectives of elevating customer service, brand enhancement and growth.
“I am very excited to have been selected as Fidelity Bank’s President & CEO, and to join in building on the Bank’s legacy as we work to accelerate growth and to deepen our support for customers and the community,” said Freeman. “I am eagerly looking forward to working with the highly experienced and dedicated Cayman team to create a brighter future for customers, employees, and all stakeholders.”
Ben currently lives in the Cayman Islands and has lived and worked in the Caribbean including Barbados and The Bahamas for fifteen (15) years.