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BAHAMAS: RBC launches new advisory and consultancy business for Caribbean business, corporate, and Private Banking clients

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#Bahamas, March 10, 2021 – Royal Bank of Canada (RY on TSX and NYSE) (“RBC”) today announced the launch of RBC Caribbean Financial Advisory Services (“CFAS”) – a new business line offering expert financial consulting advice to business clients and corporate clients across the Caribbean.

CFAS will offer consultancy services in mergers and acquisitions, financial consulting, and debt and equity financing. These services are designed to meet the needs of Corporate Banking, Business Banking, and Private Banking clients, in addition to governments and public agencies throughout the region.

“With the addition of CFAS, these clients now have access to a one-stop-shop for their financing and advisory needs,” said Darryl White, CEO, RBC Financial (Caribbean) Limited and Regional Vice President, Corporate Banking. “This adds to our already-robust suite of financial solutions and is yet another way we can stand out from our competition. As one of the ten largest banks globally based on market capitalization, RBC is uniquely positioned to leverage the talent and expertise of over 90,000 employees in 36 countries and territories to help businesses and organizations with a variety of critical services essential to their operations and continued growth.”

Two Vice Presidents will oversee RBC’s new CFAS business in the region. Marc Jardine will be responsible for the Southern Caribbean (Trinidad and Tobago, Barbados, and the Dutch Caribbean) and Jerry Butler will be responsible for the Northern Caribbean (The Bahamas, Turks and Caicos Islands, and The Cayman Islands). Jardine is a seasoned corporate banking executive, having held several senior roles in Corporate Finance, Risk Management, Origination, and Financial Analysis.

News Release Butler’s professional experience in public accounting, wealth management, and financial services spans more than 30 years across a variety of roles based in NewYork, Europe, and the Caribbean. “We believe that this new business is a real opportunity for newand existing Caribbean clients to take full advantage of RBC’s reputation as a world-leader in comprehensive financial and advisory solutions,” said Joe Olivier, Regional Vice President, High Net Worth Clients, Caribbean.

“As we expand our Corporate, Business, and Private Banking financial offerings to include this consultative business advice, it grants our clients access to a robust suite of solutions to help them grow, thrive, and prosper.”

RBC was named as Global Finance Magazine’s Best Private Bank in the Caribbean, along with Best Private Bank for Families and Best Private Bank for Entrepreneurs. The bank was also named Latin American and Caribbean Retail Bank of the Year by Retail Banker International.

Release: RBC

Bahamas News

Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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