VG attracting high-end projects, Head of CIBC notes

(Left-Right) Works minister Mark Vanterpool, country manager for CIBC FirstCaribbean Malcolm Whetnall, and CEO of CIBC FirstCaribbean Rik Parkhill, during a courtesy call on the Premier and Minister of Finance Dr D Orlando Smith

The calibre of development said to be taking place on Virgin Gorda in the British Virgin Islands has created a favourable impression on banker Rik Parkhill, who noted that the island is attracting high-end development projects that increase growth potential for other businesses such as CIBC FirstCaribbean International Bank.

Parkhill, who is Chief Executive Officer at the said bank, made the observation during a recent tour of a number of projects on Virgin Gorda, where the bank also operates. “It’s reassuring to see that the area is attracting investment, and notably that most of it is on high-end development projects with growth potential for the development of support services from CIBC FirstCaribbean as well as other businesses in the community,” said Parkhill. “I am impressed with the number of quality projects that have just been completed and which are being undertaken in Virgin Gorda.”

CIBC FirstCaribbean International, in a media release, did not specify the ‘recently completed’ projects that it said Parkhill toured on Virgin Gorda. It however stated that the tour included visits to properties in North Sound as well as on the east coast of the island.

Parkhill, who was in the territory from August 12 to 14, rounded off his visit with a courtesy call on Premier Dr. D Orlando Smith, in the company of Mark Vanterpool who is the Minister of Communication and Works. The banker also spent time with staff at the CIBC FirstCaribbean branches in Tortola and Virgin Gorda.