Last update: 09-Dec-2013 1:43 am
Monday, December 09, 2013
Trinidad & Tobago Guardian Online
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RBC names new boss for T&T
Darryl White has been named the new managing director of RBC Caribbean’s T&T bank RBC Caribbean chief executive officer Suresh Sookoo made the announcement at the T&T Manufacturers’ Association’s (TTMA) gala President’s Dinner at the Trinidad Hilton and Conference Centre on Wednesday night. After explaining to manufacturers that the bank has been “making strategic changes,” to meet their needs, he said: “One important step in this holistic action plan is naming one head for our Trinidad and Tobago bank and, hot off the press, we today announced Mr Darryl White as your managing director for the Trinidad and Tobago Bank. I will be working closely with Darryl to reclaim our preeminent position in this market.”
Up until his appointment, White was the regional vice president of corporate banking for RBC Merchant Bank (Caribbean) Limited. He has more 22 years’ banking experience—including 11 at the management level—working with regional and international financial institutions, the bank’s press office said in an e-mail to the T&T Guardian yesterday. “White is a strategically-minded professional with proven competence in regional business development (over a period of ten years), capital market structuring, building of distribution networks, trade finance, risk assessment, electronic banking, financial planning and control, bank card management and information technology (IT) issues,” the bank said. He holds a Master of Business Administration (MBA) degree from the University of Warwick in the United Kingdom; a Bachelor os Scinece (BSc) degree in industrial management (with honours) from the University of the West Indies and is a graduate of the American Bankers Association’s Bankcard Management Course. He is also an associate member of the Chartered Institute of Financial Services in the United Kingdom. Throughout his career, White has developed an extensive network of relationships across the corporate and public sectors of much of the English and Dutch-speaking Caribbean and North America.
In the buildup to the announcement, Sookoo had been telling manufacturers: “Over the past few months we have been making strategic changes to our operations to ensure that we are effectively meeting your banking needs. But even as we have been implementing these important changes, admittedly, not all of it has gone as smoothly or successfully as we would have hoped, negatively affecting our clients, some of whom are sitting here with us tonight and for this, we thank you for your continuing patience and forbearance. “In particular, I am working closely with my leadership team in Trinidad and Tobago to address (the issues) as a matter of urgency.” Sookoo told TTMA members that RBC understands that the health of the T&T economy is critically dependent on the health of the manufacturing industry. “We believe that now is the time for you, the manufacturers, to take your businesses forward and I have no doubt that you will, for, as always, you epitomise the never-say-die, forward-thinking, fighting spirit that characterises the best of business in T&T. RBC wants to be with you every step of the way,” he said.
Sookoo said RBC believes that its “service to manufacturing is a service to the national economy”. “By helping manufacturers we are helping to create jobs, drive innovation, improve productivity and, ultimately, sustain a vibrant economy,” he said. A vibrant manufacturing industry not only sustains the economy, but engenders a sense of national pride, he said. All of us can take great pride when we see ‘Made in T&T’ goods on sale locally, regionally and throughout the world.” He said the TTMA is well-positioned to continue cementing itself as a group of the premier manufacturers in the region. “As you move forward do not become stagnant, but seize the opportunities for trade in new markets through innovation and foresight. We at RBC remain committed to working with you, to ensure that you continue to thrive and contribute to the well-being of our beloved nation. As manufacturers you are not just businessmen but ambassadors. Allow us to walk with you as you fly our flag high.”
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