Tag: Fidelity Bank
Job losses and gains as Fidelity restructures bank
(CNS): Fidelity Bank (Cayman) Limited is in the process of “organisational transformation” following the acquisition by the PROVEN Group from the Fidelity Group earlier this year. While new jobs are being created, officials confirmed that four long-standing managers’ jobs have been lost as they “no longer fit with the structure of the company”, and those […]
Fidelity paying out pension, says CEO
(CNS): The president and CEO of RF Group, which now manages the Fidelity pension fund, has claimed that “virtually all” the successful applications from members wanting to withdraw from their accounts that were made before 29 May have now been processed for payment and people should have received their cash. Michael Anderson apologised for the […]
Pension fund fine, says Fidelity boss
(CNS): Concerns over the Fidelity pension fund have been dismissed by the president of Fidelity Bank (Cayman), Brett Hill, who told CNS on Monday that all valid applications made by its 11,000 members to take money out as part of the emergency withdrawal will be met. The form is now available on the website and […]
Premier: Growth key to addressing inequity
(CNS): The growth in the local economy since the Progressives came to office is the key to addressing inequalities in Cayman society, according to Premier Alden McLaughlin. Without the economic growth due to the restoration of confidence because of the PPM administration’s attention to public finances, good governance and transparency, government could not begin to address […]
Bank calls in auditors over FIFA scandal
(CNS): Fidelity Bank has called in auditors in the wake of allegations made by the US authorities that it may have played a part in the possible laundering of the alleged bribes and kickbacks at the centre of the FIFA scandal. Officials from Fidelity said they had “engaged Deloitte Cayman to conduct an independent review […]
Bank reviews transaction, Blake takes over at CIFA
(CNS): The vice president of CIFA and local attorney, Bruce Blake, has been appointed as acting president of the local football body after an emergency executive meeting last night just short of a week after the arrest of Jeffrey Webb in the FIFA corruption probe. Meanwhile, Fidelity Bank has said it is “conducting an internal […]
