Monday, Nov 18, 2019
HomeBusinessNathaniel Beneby Jr. appointed president of RBC Bahamas

Nathaniel Beneby Jr. appointed president of RBC Bahamas

RBC Royal Bank Bahamas has appointed Nathaniel Beneby Jr. as its president. Beneby held the previous title of vice-president and country head of RBC Bahamas and Turks and Caicos before his new appointment. His new role in the company comes after the creation of a new local corporate structure, where RBC transferred its Bahamas domestic retail and commercial banking operations to a wholly-owned subsidiary of RBC Royal Bank of Canada.

Beneby will still have responsibility for the bank’s operations in the country and in the Turks and Caicos Islands. The 37-year veteran of the institution will report to Senior Vice-president of Caribbean Banking for the company Ross McDonald.

RBC Royal Bank(Bahamas)Limited was incorporated under the laws of The Bahamas and is licensed by The Central Bank of The Bahamas. RBC has had a presence in The Bahamas since 1908 and is committed to expanding its presence in The Bahamas.

Over a period of time checks, credit cards, client cards and other client forms may be updated to reflect RBC’s new name. Those changes aren’t immediate and will be introduced through the normal course of business. RBC will advise clients well in advance if they need to take any action.

The financial institution runs a retail network of 20 branches throughout New Providence and the Family Islands, a commercial banking business center, and 42 automated banking machines.

RBC also operates a network of 41 branches and 88 automated banking machines in nine Caribbean countries and territories, with more than 1,500 employees across the region.

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