About Us

Montserrat's first indigenous
commercial bank

Some years ago, the dream of a group of Montserratians to open Montserrat’s first indigenous commercial bank became a reality. On the 3rd May 1988, following the incorporation as a limited liability company, the Bank of Montserrat Limited was born.

 

With a population of approximately 11,000 people, there were three (3) other commercial banks operating on the island at the time but Montserratians were proud to have their own bank and responded positively and enthusiastically, placing their hard earned money in the bank and getting the institution off to an excellent start.

Our Mission

“To provide state of the art diversified and efficient financial services which add value to our stakeholders at home and abroad while contributing to the national re-development.”

Vision

“To be a world class provider of financial services. ”

"Bank of Montserrat is the leading financial institution on the island with a market share of 80% of the commercial banking market."

Our Team

Committed to excellence, innovation, and unwavering customer service, our dedicated management and board of directors bring a wealth of experience and expertise to ensure unparalleled financial services and support for our valued customers.

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Board of Directors

Dalton Lee

Chairman
Bruce Farara Updated Picture

Mr. Bruce Farara

Mr. Bruce Farara first joined the Board of Directors of Bank of Montserrat Limited in 2012. Following a five-year break, he was re-elected in 2021. He currently chairs the Human Resource Committee and is a member of the Corporate Governance & Financial Oversight and Asset & Liability Committees.

He is a businessman, entrepreneur and commercial real estate developer who has been in business for over forty (40) years and owns several companies, including Caribbean Sand & Aggregate Ltd., Equipment & Supplies Ltd., and Sales & Services Ltd.

Mr. Farara was Chairman of the Montserrat Land Development Authority, President of the Montserrat Chamber of Commerce, and director of several government statutory boards. His involvement in numerous voluntary organisations, showcases his leadership and commitment to Montserrat.

Mr. Bruce Farara
BOM

Ms. Venita Cabey

Mrs. Venita Cabey first joined the Bank of Montserrat Limited’s Board of Directors in October 2009. She is a past Chairperson of the Board. Currently, she serves as Chairperson of the Audit Committee and is a member of the Corporate Governance & Financial Oversight and Credit Committees. She is an ACC DIR (Directors Education and Accredited Programme) DEAP.

Mrs. Cabey is a trained Business Education Teacher who has made significant contribution to the Education system in Montserrat at the primary, secondary and tertiary levels for a number of years. She served as a Lecturer of Principles of Accounts for the UWI Open Campus and Examiner in Principles of Accounts for the Caribbean Examination Council (CXC) for several years. Her most recent service was with the Montserrat Social Security Fund in the capacity of Deputy Director/Financial Controller.

She is an ordained Minister in the Church of God of Prophecy and also holds the position of Finance Director and Vice Chancellor of The Prophecy School of Biblical Studies.

Mrs. Cabey is a Fellow of the Global Accountancy Body, the Association of Chartered Certified Accountants (ACCA).

Ms. Venita Cabey
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Mr. Joseph Irish

Mr. Joseph Irish first joined the Board of Directors of Bank of Montserrat Limited in 2022. He currently serves on the Risk & Compliance, Credit and Asset & Liability Committees.

He served as Financial Secretary (Ag)/Deputy Financial Secretary (Ag) with the Ministry of Finance & Economic Development; Director, Economic Management/Director of Montserrat; and Project Officer/Senior Economist (Ag), Government of Montserrat. In 2018, he transitioned to self-employment status when he established his own business, CGI Car Rental and Sales.

Mr. Irish holds a BSc. with Honours in economics and finance from the University of Hertfordshire, UK; MSc Project Planning & Management, University Bradford, UK; and a Certificate in Higher Education in Business and Law, Enfield College, UK.

Mr. Joseph Irish
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Mr. Robert Frederick

Mr. Robert Frederick first joined the Board of Directors of Bank of Montserrat Limited in August 2020. He currently serves as Chairman of the Credit Committee and is a member of the Human Resource and Corporate Governance & Financial Oversight Committees. Mr. Frederick is a Chartered Director (C.Dir.), GTI Caribbean Governance Training Institute.

He is a highly experienced career banker with extensive background in branch banking having worked with two leading international financial institutions across the Caribbean. He has significant depth and experience in Corporate/Commercial Finance, Personal Banking, Banking Operations and AML/Compliance. Mr. Frederick commenced his banking career with Royal Bank of Canada OECS and held several positions with the institution during 1976 – 1984 including Assistant Accountant and Personal Banking Officer in St. Lucia. He also served as Manager, Administration in Montserrat, St. Vincent and St. Kitts.

 

He transitioned to Bank of Nova Scotia and was employed with that entity from 1984 to 2015 when he retired. During his tenure with Bank of Nova Scotia, Mr. Frederick served as Assistant Manager, Operations in St. Kitts/Nevis and Antigua; Credit Trainee, Antigua; Assistant Manager, Credit and Account Manager, St. Lucia; Senior Manager - Projects, International Banking; Country Manager, Dominica and Grenada; and Commercial Associate, St. Lucia. He currently serves as an Associate Partner with Digital Financial, Toronto, Canada (a boutique consultancy company) and is Co-founder of ACRF Consulting, St. Lucia.

 

Mr. Frederick holds Certificates in Fundamentals of Corporate/Commercial Credit, Loan Structuring & Pricing, Corporate & Commercial Credit Finance – ICCB Accreditation, Financial Statement Analysis, Retail Banking Fundamentals, Operational Risk Management, AML/Compliance Risk Management, Performance Management, Loan Structuring (Including Public Debt Restructuring in Dominica), Risk Rating Customers and Executive Leadership.

 

As a passionate social advocate he is a former member of Rotary Clubs of St. Kitts, Antigua, St. Lucia, Dominica and Grenada. Mr. Frederick is Past President and Treasurer of the Rotary Clubs of Dominica and St. Lucia, respectively. He is also a former member of Administration & Finance Committee - Pastoral Centre, St. Lucia.

Mr. Robert Frederick
Director Alison Fenton-Willock(1)

Mrs. Alison Fenton-Willock

Ms. Alison Fenton-Willock first joined the Board of Directors of Bank of Montserrat Limited in June 2021. She currently serves as the Chairperson of the Risk & Compliance Committee and is also a member of the Corporate Governance & Financial Oversight and Human Resource Committees. Ms. Fenton-Willock is a Chartered Director (C.Dir.), GTI Caribbean Governance Training Institute.

Ms. Fenton–Willock, who was born and raised in Montserrat, is currently Director-Sustainable Investing at KKR, a leading global investment firm. Previously, she was Global Head of ESG at Blackstone where she led that firm’s overall approach to Environmental, Social and Governance (“ESG”) issues that impact its investing activities. She has a rounded background in financial services having spent her entire career in the industry at Barclays, PricewaterhouseCoopers and other firms in audit, legal and compliance roles. She received a Juris Doctor from NYU School of Law where she was a Staff Editor of the NYU Journal of Law and Business, and is a magna cum laude graduate of Baruch College where she earned her Bachelor’s degree in Accountancy.

Mrs. Alison Fenton-Willock
Director Duleep Cheddie Photograph

Mr. Duleep Cheddie

Mr. Duleep Cheddie first served on the Board of Directors of Bank of Montserrat Limited 2013-2014, and was re-appointed in 2020. He is a member of the Audit, Risk & Compliance and Corporate Governance & Financial Oversight Committees. Mr. Cheddie is an Accredited Director, ACC DIR (Directors Education and Accredited Programme) DEAP.

He is a Member of the Association of Chartered Certified Accountants of the United Kingdom, with the professional designation FCCA. He retired in 2017 at the end of his Contract as Financial Controller with Montserrat Utilities Limited, prior to which he had been engaged as a Financial Adviser to the Ministry of Finance, Government of Montserrat August 2013-September 2015.

Before joining the Government of Montserrat, he held the post of Chief Executive Officer of the St. Kitts-based Eastern Caribbean Home Mortgage Bank, where he served for six years from June 2007 until May 2013. This appointment followed a three and a half years stint as Financial Controller of St. Lucia Electricity Services Limited (LUCELEC) from April 2003.

Prior to joining LUCELEC in 2003, Mr Cheddie spent most of his working life with the London-based CDC Group plc, starting with a subsidiary Guyana Housing & Development Company 1969-1975. In 1976-1978, he served as Financial Controller of Dominica Electricity Services Limited, followed by ten years in CDC’s Caribbean Office in St. Lucia. In 1988 he was posted to CDC’s London Office, where he covered East Asia & the Pacific Islands, and in 1992 he was transferred to CDC’s Indonesia Office. In 1994 he assumed the position of CDC’s Regional Manager for the Caribbean, based in Barbados, with responsibility for the English-speaking Caribbean, until 1997 when he returned to London as CDC’s Regional Manager for East Asia & the Pacific Islands. In 2000 he returned to the Caribbean as CDC’s Regional Manager, based in Trinidad. Following this, he held the post of Finance Director of Montserrat Electricity Services Limited 2001 – 2003.

Mr Cheddie has chaired and served on several boards and committees, both regionally and in South East Asia & the Pacific Islands. He is currently Chairman of the Montserrat Meals on Wheels Foundation.

Mr. Duleep Cheddie
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Ms. Agatha Aspin

Ms. Agatha Aspin first joined the Board of Directors of Bank of Montserrat Limited in June 2021. She currently serves on the Credit, Risk & Compliance and Audit Committees and is a Chartered Director (C. Dir), Caribbean Governance Training Institute.

Ms. Aspin has a wide range of experiences in areas of business and entrepreneurial development - these include but not limited to business counselling, business education, business start-up, business development and business financing. She has made an indelible imprint as a dedicated public servant having served as a teacher; Assistant Secretary, Financial Services Centre; Business Development Officer, National Development Foundation; Chief Training Officer, Government of Montserrat; Business Development Officer/Business Services Manager, Montserrat Development Corporation (MDC); Business Development Officer/Business Services Manager, Division of Tourism, Office of the Premier; and Enterprise Development Scheme Project Officer, (Consultancy, Ministry of Finance & Economic Management, Government of Montserrat).

 

She also served as a Business Studies Lecturer - Montserrat Technical College and is currently a Part-time Lecturer, Management of Business, Montserrat Community College (MCC).

 

Ms. Aspin holds a Bachelor’s Degree in Business Education (B. Ed – Secretarial Studies), University of Technology, Jamaica and an MBA (International Business), University of Leeds, UK.

She is a strong social and community engagement advocate and is a Past President of Montserrat Rotary Club. Ms. Aspin is also a Member of the Montserrat National Awards Committee; Chair of the Labour Advisory Board; Immediate Past President, Montserrat Diabetes Association; Treasurer, Montserrat Christian Council; Active member of Roman Catholic Faith Community; and ECCB Financial Literacy Mentorship Programme.

Ms. Agatha Aspin
Korah Galloway - Corporate Secretary

Ms. Korah Galloway

Ms. Korah Galloway, appointed as Corporate Secretary to the Bank of Montserrat Ltd.’s Board of Directors in September 2022, is a Chartered Corporate Secretary certified by the Caribbean Governance Training Institute in St. Lucia. With nearly 20 years of experience, she is a highly accomplished attorney-at-law, Solicitor-Advocate, Corporate Secretary, and Court Connected Mediator. Her extensive legal career includes 18 years of experience, with 11 years of post-qualification experience and four years as a Prosecutor, specializing in Town and Country Planning. Ms. Galloway has practiced law in the UK, Montserrat, and the Bahamas, demonstrating a deep understanding of British and Caribbean jurisprudence through roles such as Crown Counsel and Private Practice Solicitor. She currently works as a Senior Lawyer at Pathfinder Legal Services Ltd. in Huntingdon, Cambridgeshire.

Her educational background includes a Bachelor of Laws (LL.B.) from Aberystwyth University, a Postgraduate Diploma in Legal Practice (L.P.C.) from the College of Law in London, and a Legal Education Certificate (L.E.C.) from Eugene Dupuch Law School. She also holds additional certificates in Professional Skills, Joint Assessors’ Training, and Mediation Training. Ms. Galloway is a member of several professional organizations and has served in various community and leadership roles, including as President of the Montserrat Bar Association and Representative for Montserrat on the Commonwealth Lawyers Association Council.

Ms. Korah Galloway

Corporate Secretary

Management

Josephine George

General Manager
Mr. Chesley Antoine

Assistant General Manage

Mrs. Kathyan Fenton

Senior Operations Manager

Mrs. Carla Lee

Internal Auditor

Keri Matthew

Risk and Compliance Manager

Ms. Delcina Cabey

Acting Senior Operations Manager

Ms. Deslyne Plato

Accountant