- Expansion
- 2026
Programme Latitude · Phase 1 of 7
2026: Caribbean treasury hub and regional consolidation
The first phase builds one treasury for the Caribbean and puts the seven Caribbean entities on a single ledger. Latitude Treasury (Cayman) Ltd. was incorporated in George Town in 2026, sits beneath the group holding company and lends only within the group. The consolidation removes duplicated cash administration in Road Town, Bridgetown and Nassau, and gives the group one cash position each morning in place of seven.
The phase
New York carries the second half of the phase. The correspondent and counterparty network is rebuilt around fewer and deeper relationships, so that the group settles in more currencies through fewer intermediaries. The phase also opens the Seoul representative desk in the second half of 2026, the last opening before the Asia-Pacific build-out begins the following year.
Milestones
- Latitude Treasury (Cayman) Ltd. incorporated in George Town and staffed with six people.
- All seven Caribbean entities clearing on the single treasury ledger by the end of 2026.
- Intra-group settlement netted in eight currencies, removing about 40 per cent of external correspondent payments.
- Correspondent and counterparty relationships raised from more than 140 to 155, managed from New York.
- Seoul representative desk opened with two people covering Korean specialty-materials manufacturers.
- Group headcount at 326 and the client portfolio at US$880 million at the end of 2026.
Initiatives in this phase
- Caribbean treasury hub (In progress)
- Correspondent and counterparty network build-out (In progress)
- Latitude Fellowship and internal transfer programme (In progress)