A Bahamian with nearly 20 years’ experience leading divisions in the largest banks in The Bahamas has been named managing director of British Caribbean Bank (BCB) in Turks & Caicos.
The appointment of Marcus Moxey marks an historic milestone for both the fast-growing bank that is part of a conglomerate with banking, real estate and interests in multiple industries throughout the region and for The Bahamas as he takes the reins of TCI’s fourth largest bank at time when it is playing an increasing role in TCI’s economic power and growth in the region.
“Mr. Moxey’s appointment reflects both his distinguished leadership career and the continuing elevation of Bahamian talent within regional banking,” BCB said in the statement announcing his appointment last week.
Moxey held various leadership roles in The Bahamas first at RBC, where he advanced to oversight of four branches, and later at Scotiabank Bahamas driving transformational growth initiatives. He moved to TCI in 2023 to head up Scotiabank’s retail banking. It was there that his quick adaptation of advanced technology, cultivation of talent and capacity to lead caught the attention of British Caribbean Bank.
Established in 1998 in Turks & Caicos, British Caribbean Bank – a division of the $2+ billion Waterloo Investment Holdings Limited conglomerate – ranks as the island’s fourth largest financial institution with more than $200 million in assets. Its annual performance shows consistently profitable metrics, including a 31 percent jump in growth in 2023. In addition to its own record, the bank is recognized for its innovative lending, mortgage portfolio and flexible terms, helping to fuel personal and national economic growth.
In his new role, Moxey will focus on advancing the bank’s strategic priorities, enhancing customer experience, strengthening operational performance and expanding competitive positioning. BCB currently holds more than 13 percent of market share, a figure that reflects steady growth and increased presence in a market previously dominated by Scotiabank and CIBC.
Waterloo Investment Holdings CEO Stewart Howard welcomed Moxey’s appointment to the bank that is part of the conglomerate with banking, real estate and interests in multiple industries throughout the region.
“We are very pleased to welcome Mr. Moxey to British Caribbean Bank,” said Howard. “He is an accomplished career banker with a proven track record of leading strategic initiatives and building strong teams. His appointment as the first Bahamian Managing director of BCB reflects both his capability and our confidence in the depth of leadership talent within the region.”
Moxey holds a Bachelor’s degree from St. Augustine’s University in North Carolina, a Master’s degree in Financial Analysis from Kaplan University and maintains a Series 7 licence.
“I am truly honored to join British Caribbean Bank and to serve in this historic capacity,” said Moxey. “This moment is not only meaningful for me personally, but represents an important step forward for Bahamian leadership in regional banking.”
