Fidelity Bank (Bahamas) majority shareholder yesterday named Scott F Elphinstone as chairman of the BISX-listed retail banking subsidiary with effect from August 22.
He replaces D Anthony Jones, who recently retired from the Board. Mr Elphinstone is a founding partner of Five Continents Financial, a Cayman Islands-based asset management firm, and for the past 20 years has acted as an independent director in the financial industry.
He has been a director of BISX-listed Fidelity Bank (Bahamas) since 2009, and also serves as a director of Fidelity Bank & Trust International and its banking subsidiary in Cayman.
"We would like to thank Mr Jones for his contributions as chairman over the years", said Anwer Sunderji, chairman of Fidelity Bank and Trust International, the retail bank's 75 percent owner.
"His extensive expertise and greatly-admired style of leadership have contributed to the constant growth and, in turn, the success of the company. At the same time, we are very pleased to have found such an outstanding successor to Mr Jones in Scott F Elphinstone - a man with both solid professional qualifications and substantial experience in the financial field".