Tag: Stuart Dack
Ex-bank boss sues for wrongful dismissal
(CNS): Ormond Williams, who was president of Cayman National Bank for more than 15 years before he was unexpectedly fired by its board of directors last November, has filed a legal claim in the Grand Court for wrongful dismissal. According to the court documents, Williams said he was sacked without “proper legal justification” and is […]
Former chairman’s daughter takes over bank
(CNS): Janet Hislop has been appointed as President of Cayman National Bank, pending regulatory approval. Hislop, who takes up her position with CNB after eleven years as the chief officer of Deutsche Bank (Cayman) Limited, has a deep connection to Cayman National, as her father, Benson Ebanks, was a founding shareholder and chairman of the board.
Cayman National board fires 15-year president
(CNS) UPDATED: The president and chief executive of Cayman National Corporation, Stuart Dack, has said that the termination of Ormond Williams, who has been the president of Cayman National Bank for more than 15 years, was a decision by the CNB board of directors and was unrelated to the potential sale of a majority shareholding […]
CNB reveals directors’ gains in bank sale
(CNS): A circular released to Cayman National Bank shareholders on Friday, ahead of the general meeting tomorrow evening, about the bank’s takeover by a regional financial corporation revealed what the directors on the board, the majority of which have recommended that shareholders accept the sale, will gain. Former politician Truman Bodden has the largest number […]
Bank shareholders asked to give back ‘people’s cash’
(CNS): The opposition is appealing for the shareholders of Cayman National, who are about to enjoy a cash windfall if its sale to Republic Bank Trinidad and Tobago (Barbados) goes ahead as expected, to give up some of their financial gain to the public purse, arguing that government lost out in a poor deal to […]
Petition started to keep CNB Caymanian
(CNS): The announcement this week that a regional bank has made an unsolicited potential offer to buy up a ruling share of Cayman National Bank has spawned a local backlash, with people taking to social media to voice their concerns. A petition has now been started to urge the bank not to sell. More than […]
