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New CEO Leads BCB Forward
March 1, 2017
Bermuda Commercial Bank and its stylised ship logo are approaching their fifth decade in business. But new chief executive officer Hubert Esperon has his eyes fixed firmly on the horizon, not the past course of the financial institution. In an interview with the The Bottom Line, Mr. Esperon did not rule out a retail banking presence on the island, to go along with its new, higher-profile offices on Hamilton's Bermudiana Road and a new focus on diversifying its business.
Girls Make Rugby History
February 11, 2016
Crowds of students, friends and family members gathered last week to cheer on the teenage players taking part in Bermuda’s first girls’ high school rugby game.
A team from CedarBridge Academy took on a squad from Berkeley Institute in the exciting ten-a-side match at the National Sports Centre’s North Field on Wednesday.
The fledgling players, some of whom have been training for only a few weeks, showed a great deal of skill and promise and were not afraid to get stuck into a tackle or ruck during the 30-minute game.
CedarBridge Academy, playing in pink, emerged victorious, scoring five tries to win 25-7.
The team’s captain, Jiqena Furqan, 17, said: “I’m excited and proud to play in the first girls’ high school game."
Among the many cheering fans was CedarBridge Academy’s principal Kalmar Richards, who was on the sidelines proudly waving a school flag.
“They are an amazing group of students and are outstanding,” she said. “It’s really exciting that we have a girls’ rugby team. Our girls are excited about playing rugby.
“Many of the girls are dual enrolment at Bermuda College and honour roll students.”
The atmosphere at the field was upbeat as crowds of students, family members and encouraging residents showed their support for the girls.
Ecstatic cheers filled the air after every try and close call, with yells of encouragement coming thick and fast. Proud parents looked on with beaming smiles, while classmates roared their approval.
The women behind the successful event are Bermudian coaches Kelli Nusum, who also plays for the island’s adult women’s team, and Akinyi Apopa, who also coaches the Whitney Institute’s middle school boys’ team.
“I’m so excited and so proud,” Ms Nusum said. “The girls are all between 14 and 18 and we started the high school training in November.
BCB acquires Private and Commercial Finance Group
September 18, 2015
Bermuda Commercial Bank (“BCB” or the “Bank”) today announces that it has acquired equity and convertible loan notes in Private and Commercial Finance Group PLC (“PCFG”) from Somers Limited, the Bank’s parent company. It is the Bank’s intention to convert the loan notes to equity prior to 30th September 2015, giving the Bank an approximate 75% holding in PCFG and resulting in PCFG becoming a consolidated subsidiary of the Bank.
Bermuda Report- Captive Review 2015
June 11, 2015
"Doing the Simple Things Well" Q&A with CEO Peter Horton
Bermuda Commercial Bank CEO, Peter Horton, outlines BCB's plans to launch a captive banking platform.
Captive Review (CR): What should a captive owner look for in a banking partner and what makes BCB stand out in this regard?
Peter Horton (PH): To us the most essential feature of a good banking partner is the business relationship between the banker and its clientele. It’s about having a detailed understanding of each other’s needs and using that knowledge to work together effectively to look after the captive. We are investing signiﬁcantly in building a strong relationship-focused offering, which demands the right people with the right training to create the right product.
Strong relationships and exemplary service are our top priority. Next is an emphasis on ease of transaction. Relatively basic issues, such as opening a bank account in a timely manner, are often overlooked.
It is important to emphasise BCB’s commitment to the captive sector. We have found that certain business sectors are not receiving the committed relationship they require from banks globally. We at BCB, on the other hand, are determined to develop and introduce a strong proposition to the captive space in Bermuda.
Bermuda Commercial Bank receives Award of Excellence from Deutsche Bank
June 3, 2015
On May 19, 2015 in New York City, Bermuda Commercial Bank was presented with the Deutsche Bank 2014 EURO STP (“straight through processing”) Excellence Award. This award recognised BCB for the “exceptional quality of payment messages” sent to Deutsche Bank’s Global Transaction Banking Operations unit for payments in Euros for the 2014 fiscal year.
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