New Management at CUB – Update to Leadership Teams

Chief Executive Officer

Mr. Patrick Zbinden (left) joined Capital Union Bank Ltd as CEO in September 2021. He took over the day-to-day operations from Mr. Ludovic Chechin-Laurans (Co-Founder) who remains on our Board of Directors.

Head of Risk

Mrs. Dominique Braithwaite (center) joined us as Head of Risk in May 2022 – taking over from Mr. Rolf Schuermann, who remains a consultant to the firm.

Head of Client Services

Mr. Flavio Lopes (right), our incoming Head of Client Services joined us today. He will oversee our International Booking Desk and oversee all matters that relate to the administration and improvement of client services.

 

We would like to thank Ludovic Chechin-Laurans and Rolf Schuermann for their invaluable support, which helped Capital Union Bank grow into the institution that it is today.

If you want to learn more about CUB’s history, click here.

 

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas
www.capitalunoinbank.com

2021 Annual Report: Continued Growth During Difficult Times

It is our great pleasure to share with you CUB’s 2021 Annual Report.

Here you can:

  • find thoughtful commentary and insight, including remarks from our Chairman, Lawrence D. Howell and CEO Patrick Zbinden,
  • enjoy scenic photos of The Bahamas taken by Alessandro Sarno,
  • learn more about CUB’s CSR endeavors and
  • take a deep dive into our Financial Performance

Our detailed financial reports can be found here.

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas
www.capitalunoinbank.com

CUB Selects Chainalysis As A Compliance Partner

Capital Union Bank selects the blockchain data platform Chainalysis as a compliance partner for digital assets. Chainalysis provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries.

We tapped Chainalysis for their risk management software and expertise to ensure the safe and compliant rollout of digital assets solutions – including trading and custody – to our customers.

Building out digital assets services brings additional regulatory scrutiny, and our bank, which is regulated by the Central Bank of the Bahamas and the Securities Commission of the Bahamas, will integrate Chainalysis compliance software in support of comprehensive risk management and due diligence practices.

“As an independent bank in the Bahamas, Capital Union Bank is uniquely positioned to build a bridge between sophisticated investors and the digital assets markets,” said Patrick Zbinden, Chief Executive Officer (Capital Union Bank). “With Chainalysis by our side, we feel equipped to provide these new services in a safe and compliant way.”

“Financial institutions are integral to the overall growth of the cryptocurrency industry, and partnering with respected banks like Capital Union will help build trust in the industry,” said Jonathan Levin, Co-Founder and Chief Strategy Officer (Chainalysis). “We’re thrilled to partner with such a forward thinking bank and look forward to enabling the further adoption of cryptocurrency, safely.”

Our bank will adopt Chainalysis KYT (Know Your Transaction) and Reactor. Chainalysis KYT performs continuous, real-time transaction monitoring for all digital assets to detect patterns of high-risk activity. Chainalysis Reactor, the investigative tool, provides deeper due diligence into suspicious activity.

 

CUB Financial Center | Lyford Cay | PO Box AP 59223 | Nassau, Bahamas
www.capitalunoinbank.com