History of Global Bank of Commerce
Global Bank of Commerce Ltd. (GBC) is an Antigua and Barbudan financial institution, incorporated in 1983 and licensed and regulated by Antigua and Barbuda’s Financial Services Regulatory Commission (FSRC).
Since 2002, following a management buy-out arrangement, it became owned by Executive Corporate Holdings Inc. (ECH), a locally owned company, with a sole Antiguan shareholder, Brian Stuart-Young.
GBC had originally focused on conducting international financial services, but under its Antiguan ownership, has broadened its services to play a larger role domestically. Today GBC is considered a prominent local institution offering wholesale banking, wealth management as well as international and processing services. Its shareholder, ECH, has continued to invest in the local financial sector by founding a strictly domestic commercial bank (Caribbean Union Bank, Ltd.), an EFT data hosting and processing centre (Global Processing Centre, Ltd), and an alternative payment service (SugaPay Ltd) which operates within the region. The combination of these strategic investments and partnerships enables the ECH Group to provide a strong offering of financial services both locally and overseas.
GBC is a member of the Caribbean Association of Banks, and its CEO has served on CAB’s Board and led its Advocacy Committee, which spearheaded the development of the AML/CTF Guidelines known as the Caribbean Principles (www.caribbean-principles.com).