- Expansion
- Caribbean
Programme Latitude · Regional plan
Caribbean: expansion plan
The Caribbean holds the group holding company, the treasury hub, a primary data hall and seven of the 28 registrations. It carries US$224 million of client portfolio and 88 people across seven locations. Through the programme it becomes the place the group funds and settles itself from, not only the place it is domiciled in.
The plan
Growth here is functional rather than territorial. Two locations are added in 2032 and one further registration is completed, and the rest of the work is depth: treasury, entity governance, oversight of fund administration and the private-wealth booking centre in Nassau. The region supplies about US$34 million of the programme funding from realised proceeds.
Targets
- Client portfolio in the region raised from US$224 million to US$355 million by the end of 2032.
- Regional headcount raised from 88 to 118, fourteen of them in the treasury hub in George Town.
- Nine offices and desks in the region by 2032, both additions opening in the final phase.
- Eight Caribbean registrations held by 2032, the eighth completed during 2032.
- Private-wealth family relationships booked in Nassau raised from 23 to 34.
Risks
- Concentration. George Town holds the group company, the treasury hub and a primary data hall. The Luxembourg replica and the 2028 co-location contracts exist so that one site is not one point of failure.
- Correspondent access. A booking centre depends on relationships it does not control. The network build-out answers this by holding fewer and deeper arrangements rather than many shallow ones.
- Weather. Six of the seven locations sit in the hurricane belt. Every entity is tested against the Business Continuity and Disaster Recovery policy before the season opens, not after it.
- Depth of local talent. Treasury and entity-governance staff are scarce in small markets, which is why four of the fourteen treasury roles are filled by transfer from other offices.
Initiatives
- Caribbean treasury hub (In progress, from 2026)
- Data-centre co-location (Planned, from 2028)