An­drea Perez-Sobers

The board of the First Cit­i­zens Group Fi­nan­cial Hold­ings Ltd (FCGFH) has ten­dered its res­ig­na­tion to­day, ahead of to­mor­row’s spe­cial gen­er­al meet­ing at which new board mem­bers are sched­uled to be nom­i­nat­ed.

The spe­cial meet­ing of share­hold­ers will be held at the Na­tion­al Acad­e­my for the Per­form­ing Arts (NA­PA) at 10 am.

The chair­man of the last board was An­tho­ny Smart, along with di­rec­tors Courte­nay B Williams, Sav­it­ree Seep­er­sad, Idrees Omardeen, Jay­selle Mc­Far­lane, Troy Gar­cia, and Col­in Wharfe.

Group CEO of ma­jor­i­ty state-owned First Cit­i­zens Group, Karen Dar­basie, is on va­ca­tion leave un­til Oc­to­ber 21.

Group’s deputy CEO Ja­son Julien is set to take the helm.

First Cit­i­zens Hold­ings Ltd, which is ful­ly owned by the Cor­po­ra­tion Sole on be­half of the Gov­ern­ment, re­mains the ma­jor­i­ty share­hold­er in the First Cit­i­zens Group, hold­ing 63.43 per cent of its shares. The re­main­ing own­er­ship is di­vid­ed among the in­vest­ing pub­lic (24.07 per cent), the TT Unit Trust Cor­po­ra­tion (3.43 per cent), and the Na­tion­al In­sur­ance Board of Trinidad and To­ba­go (8.07 per cent).

The First Cit­i­zens Bank, the main sub­sidiary of the Group, man­ages an as­set base ex­ceed­ing $38 bil­lion. The in­sti­tu­tion op­er­ates 25 branch­es across Trinidad, three in To­ba­go, and five in Bar­ba­dos, as well as a rep­re­sen­ta­tive of­fice in Cos­ta Ri­ca, ded­i­cat­ed to serv­ing its Latin Amer­i­can clien­tele.