Caribbean News

RBC announces sale of Eastern Caribbean banking operations

Published

6 years ago

December 12, 2019

File photo of RBC Dominica

December 12, 2019 (Toronto, Canada) — Royal Bank of Canada (RY on TSX and NYSE) today announced it has entered into definitive agreements to sell all banking operations in the Eastern Caribbean to a consortium of indigenous banks within the region. The transaction is subject to regulatory approval and other customary closing conditions, and is expected to be finalized in the coming months.

“Consistent with our strategy of being a competitive leader in the markets where we operate, RBC is always evaluating opportunities for our business. Earlier this year, we were approached by a consortium of indigenous banks with their proposal to acquire all RBC Eastern Caribbean operations,” said Rob Johnston, Head, RBC Caribbean Banking. “After a review of our operations and strategy, we determined this opportunity was a good decision for the long-term future success of RBC Caribbean, and also, that it aligned with our vision to help our clients thrive and communities prosper,” he said.

The sale encompasses the branches of Royal Bank of Canada in Antigua, Dominica, Montserrat, St. Lucia, and St. Kitts and Nevis, as well as regional businesses operating under RBC Royal Bank Holdings (EC) Limited in Nevis, Grenada and St. Vincent and the Grenadines. Collectively, these operations are referred to as “RBC Eastern Caribbean”. The consortium of five financial entities purchasing includes: 1^st National Bank of St. Lucia, Antigua Commercial Bank Ltd., National Bank of Dominica Ltd., the Bank of Montserrat and Bank of Nevis Ltd.

Johnathan Johannes, Managing Director, 1^st National Bank of St. Lucia, shared, “We formed the consortium for the express purpose of expanding the scale of the locally owned financial entities in the Eastern Caribbean Currency Union. This transaction gives us the size and scale to play a more active role in the development of our respective countries. We see this transaction as the first step in achieving even greater synergies, efficiencies and cross-territory marketing opportunities.”

“RBC has operated in the Caribbean for more 100 years – longer than we have been in many parts of Canada. We remain committed to the future of the Caribbean and to a vision of digital innovation that transcends traditional services,” said Johnson. “This transaction will allow us to realign and focus our strategy on Caribbean markets where we can achieve that vision most successfully.”

“Self-determination is the highest level of empowerment – and the indigenous banks acquiring this business will now have an increased opportunity to influence the development of their communities,” said Johnston.

Johannes added, “And speaking on behalf of the local banks, we embrace and eagerly anticipate that opportunity.”

The consortium was advised by PwC (JA), led by Wilfred Baghaloo, who added “this transaction demonstrates that Caribbean countries and businesses have the capacity and capability to come together when the circumstances are right.”

Financial terms of the transaction were not disclosed. RBC will release its first quarter 2020 results and host an earnings conference call on February 21, 2020.

ABOUT RBC IN THE CARIBBEAN

With more than 100 years of dedicated service to the region, RBC has maintained a presence in 17 countries, with 52 branches and over 3,200 employees serving more than one million clients. As one of the Caribbean’s leading diversified financial services companies, RBC provides personal and commercial banking, wealth management, corporate and investment banking, insurance and trust and asset management services to a wide range of clients, including individuals, small businesses, general commercial entities, regional and multi-national corporations and governments. For more information, please visit rbc.com/caribbean.

PRESS RELEASE

Related Topics:#AntiguaAndBarbuda #magneticmedianews #stkittsandnevis #stlucia #StVincentandtheGrenadines Dominica Montserrat rbc

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Caribbean News

Sandals Resorts and Beaches Resorts celebrate a night of wins, and take home a total of 16 titles at the 32nd Annual World Travel Awards

Published

2 days ago

October 8, 2025

Deandrea Hamilton

~Sandals Resorts hosts the 32nd Annual World Travel Awards Caribbean and The Americas Gala & celebrates its 32nd consecutive win as The Caribbean’s Leading Hotel Brand~

MONTEGO BAY, JAMAICA, October 8, 2025 – Sandals Resorts and Beaches Resorts have been honoured with 16 awards at the 2025 World Travel Awards Caribbean and The Americas, underscoring their continued leadership across the hospitality landscape.

The Gala Ceremony held at Sandals Grande St. Lucian honoured the visionaries and trailblazers shaping the travel and tourism industry. The evening united government leaders and hospitality professionals for a night of celebration, recognition and inspiration.

Among celebratory toasts, Sandals Resorts International was named the Caribbean’s Leading Hotel Brand for the 32nd year in a row. Beaches Turks and Caicos also celebrated its 18th win as the Caribbean’s Leading All-Inclusive Family Resort, a recognition that comes ahead of the debut of its Treasure Beach Village, the resort’s $150 million expansion set to open spring 2026.

Other key wins include Sandals Dunn’s River, recognized as the Caribbean’s Leading Luxury All-Inclusive Resort for the third year in a row after opening its doors in 2023 and Sandals South Coast, awarded the Caribbean’s Most Romantic Resort.

The 16 awards won under Sandals’ portfolio are:

Caribbean’s Leading Hotel Brand 2025: Sandals Resorts International
Caribbean’s Leading All-Inclusive Family Resort 2025: Beaches Turks & Caicos
Caribbean’s Leading All-Inclusive Resort 2025: Sandals Montego Bay, Jamaica
Caribbean’s Leading Dive Resort 2025: Sandals Royal Curaçao
Caribbean’s Leading Honeymoon Resort 2025: Sandals Grande St. Lucian
Caribbean’s Leading Luxury All-Inclusive Resort 2025: Sandals Dunn’s River, Jamaica
Caribbean’s Most Romantic Resort 2025: Sandals South Coast, Jamaica
Bahamas’ Leading All-Inclusive Resort 2025: Sandals Royal Bahamian
Curaçao’s Leading All-Inclusive Resort 2025: Sandals Royal Curaçao
Grenada’s Leading All-Inclusive Resort 2025: Sandals Grenada
Jamaica’s Leading Adult-Only All-Inclusive Resort 2025: Sandals Negril
Jamaica’s Leading All-Inclusive Family Resort 2025: Beaches Negril
Jamaica’s Leading All-Inclusive Resort 2025: Sandals Montego Bay
Jamaica’s Leading Resort 2025: Sandals Royal Caribbean
Saint Lucia’s Leading All-Inclusive Resort 2025: Sandals Grande St. Lucian
Saint Vincent & The Grenadines’ Leading All-Inclusive Resort 2025: Sandals Saint Vincent and the Grenadines

Surrounded by the beauty of Gros-Islet, St. Lucia, the peninsula location of Sandals Grande St. Lucian created the perfect backdrop for World Travel Awards’™ guests to enjoy an unforgettable dining experience and breathtaking island views.

“At the heart of every Sandals and Beaches vacation is pure, inviting Caribbean soul, paired with world-class hospitality experiences for all our guests. The recognitions bestowed to our brands tonight are truly meaningful. They serve as a testament to the incredible passion and dedication of our talented team members,” said Adam Stewart, Executive Chairman of Sandals Resorts. “It is yet another reminder of why we will never stop evolving, listening to our customers and refining our experiences year after year.”

For more information about these award-winning resorts, please visit www.sandals.com and www.beaches.com. For more information on the World Travel Awards™, please visit https://www.worldtravelawards.com/.

Caribbean News

Caribbean Powerhouses to Inspire at CaribCon in the Turks and Caicos Islands

Published

4 days ago

October 6, 2025

Deandrea Hamilton

Dr. Terri-Karelle Johnson is the keynote speaker at CaribCon

Providenciales, Turks and Caicos Islands (October 6th, 2025) – CaribCon, the Caribbean conference celebrating culture, innovation, and creativity, will welcome some of the region’s most influential voices to its inaugural edition in the Turks and Caicos Islands. The event, set to be a dynamic gathering of thought leaders and cultural icons, will feature impactful panel discussions, inspiring and intimate fireside chats and a flow of knowledge from some of the Caribbean’s brightest and best in the creative sector.

Elizabeth “Lady” Montano

Jamaica’s own Dr. Terri-Karelle Johnson, celebrated communications specialist, media personality, and global keynote speaker, will headline CaribCon as the official keynote speaker. Known for her ability to connect authentically and inspire audiences worldwide, Dr. Reid will share her insights on Caribbean identity, storytelling, and the power of representation in shaping global narratives. Another highlight of CaribCon will be the presence of Elizabeth “Lady” Montano, mother and former manager of soca superstar Machel Montano. Lady will launch her award-winning book, King of Soca, in which she is positioned as the ultimate insider, chronicling the evolution of one of the Caribbean’s most iconic entertainers. She will also share her invaluable experiences on nurturing talent, building a brand, and sustaining longevity in the competitive music industry in an intimate fireside chat. Adding further star power to the event is Simon Baptiste, CEO of Question Mark Entertainment, co-founder of ODOS, a global collective network spanning over 1000 professionals in 35 countries, film director, talent manager and creative strategist. Baptiste will bring his expertise to conversations on shaping the region’s creative sector and talent.

Simon Baptiste

“CaribCon is where the Caribbean’s voices, ideas, and creativity converge,” says Omega Simmons, founder of CaribCon and CEO of SOS Media. “Having leaders like Terri Karelle, Lady Montano, and Simon Baptiste share their stories and expertise truly embodies the spirit of this event. Their presence reinforces the power of Caribbean culture to inspire and influence on the world stage.” CaribCon will take place at the Shore Club in Providenciales, the Turks and Caicos Islands, from October 23^rd to 26^th. Attendees can look forward to networking opportunities, panel discussions, and meaningful dialogue to foster an ecosystem that develops the region’s creative sector and propels it onto the global stage.

Sponsors are:

Signature Experience Partners: Ministry of Tourism, Experience Turks and Caicos, and The Shore Club.

Other sponsors: PPID, Invest TCI, InterCaribbean Airways, Subtronic Sounds, Spotlight Communications.

Hotel partners: Ocean Club Resorts, Waterloo Hotel Management, The Somerset on Grace Bay and Ports of Call Resort.

For more information, tickets, and updates, visit www.caribcon.co or follow @caribconhq on all social media platforms.

For more information please email: contact@caribcon.co

Caribbean News

Guyanese Scholar and Olympian Arrested in Iowa ICE Crackdown

Published

2 weeks ago

September 27, 2025

Deandrea Hamilton

Deandrea Hamilton | Editor

September 27, 2025 – In a shocking breach of public trust and institutional oversight, Ian Andre Roberts, superintendent of Des Moines Public Schools, who is a citizen of Guyana, was arrested on September 26 by U.S. Immigration and Customs Enforcement (ICE) under a string of serious offenses that raise troubling questions about hiring practices, accountability, and public safety.

Roberts, born in Georgetown, Guyana, is a former Olympian and accomplished scholar. According to online reports, he earned a bachelor’s degree from Coppin State University after transferring from St. Francis College in Brooklyn, where he played soccer. He holds two master’s degrees—from St. John’s University and Georgetown University’s McDonough School of Business—attended an Executive MBA program at MIT Sloan School of Management and earned a doctorate in education with a focus on urban educational leadership from Trident University.

Despite these accomplishments, Roberts was living and working without legal authorization. ICE reported that he fled a traffic stop and abandoned his school-issued vehicle. At the time of his arrest, he was reportedly in possession of a loaded handgun, a fixed-blade hunting knife, and $3,000 in cash. He also has a prior weapons-related charge.

ICE officials questioned how Roberts could hold such a prominent role while subject to a final deportation order issued in May 2024. The school district said they were unaware of his immigration status, noting that he had undergone background checks and completed an I-9 form confirming work authorization. Roberts was placed on administrative leave pending further investigation.

This case highlights vulnerabilities in systems meant to safeguard public institutions and underscores the challenges ICE faces in identifying individuals operating outside U.S. immigration laws while in positions of authority.

For many, Roberts has become a near-literal poster child for these enforcement gaps.