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Bank cuts

Geralyn Edward

Bank cuts

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Royal Bank of Canada (RBC) in Barbados is losing two of its most senior local bankers amid reports that RBC was undertaking bank-wide restructuring of operations here that has already seen some lower level employees leave the institution.
Anthony Shaw, the bank’s market head for the Eastern Caribbean, is expected to leave monthend, while his senior and president of the Barbados Bankers’ Association, Horace Cobham, left the institution on Friday.
Cobham, who was country head for Barbados, confirmed to the SUNDAY SUN yesterday that he retired from his top executive position five years after RBTT, which he managed, was taken over by RBC.
According to the respected banker, he had been involved in the financial sector since 1972 immediately after leaving school and remained there for more than 40 years, except for breaks to pursue his studies.
Meanwhile, his counterpart Shaw, who came over to RBC just two years ago after heading Signia Financial, confirmed that he would be “leaving RBC shortly”.