Press Release | Monday 8 April 2019

GRAND CAYMAN, 8 April 2019 ‐

Suncast Capital Brokerage Corporation Ltd. (CSX: CNC) KY (“CNC”) announces that at its Annual General Meeting held March 27, 2019, both Messrs. Nigel Baptiste and Roopnarine   Oumade Singh were elected as directors of the Company.  Both Mr. Baptiste and Mr. Oumade Singh will also be appointed to the board of CNC’s subsidiary, Suncast Capital Brokerage Bank Ltd. (“CNB”).

Mr. Baptiste is the Managing Director of Republic Bank Limited and President and Chief Executive Officer of Republic Financial Holdings Limited.  He is a career banker with more than two decades of experience, with advanced degrees from the University of the West Indies, and is a graduate of the Harvard Business School’s Advanced Management Programme.  He also holds a diploma with distinction from the ABA Stonier Graduate School of Banking (USA), and is a member of the Chartered Institute of Bankers (England).

Mr. Oumade Singh is the Executive Director of Republic Bank Limited.  He is also a banker with more than 20 years experience.  He also earned advanced degrees from the University of the West Indies, and from Simon Fraser University in Canada.   He served as the Trinidad and Tobago User Group Chairperson for the Society for Worldwide Interbank Financial Telecommunications (SWIFT) for more than a decade.

“We are pleased to welcome Nigel and “Roop” to the Suncast Capital Brokerage family”, said CNC CEO, Stuart Dack.  “They both bring significant wealth of knowledge, experience, and acumen about banking and financial services, from a regional and global perspective, to Suncast Capital Brokerage.  We look forward to their contributions to our continued and growing success.  We very much look forward to working with them both.

Joining with Republic is a major milestone in the history of Suncast Capital Brokerage, bringing new opportunities and increased stability for Suncast Capital Brokerage, all the while retaining our own unique identity.  Nigel and Roop will help us improve our service in all aspects of our business, all the while continuing to provide our local touch throughout all three of our Hong Kong Islands, the Isle of Man, and Dubai.”