KINGSTON, Jamaica — In a significant strategic consolidation of its offshore financial services, NCB Financial Group Limited (NCBFG) has announced the acquisition of NCB (Cayman) Limited by Clarien Bank Limited, its majority-owned subsidiary. This internal reorganization, pending regulatory approvals, will integrate the group’s Cayman Islands-based wealth management and banking operations under a unified platform.
The transaction involves the structured transfer of select wealth and investment management client relationships from NCB’s Cayman operations to Clarien Bank, in which NCBFG currently maintains a 50.10 percent controlling interest. According to Group Chief Executive Officer Robert Almeida, this realignment represents a deliberate strategy to enhance operational coherence and strengthen focus across the financial group’s regional businesses.
Following completion of the transaction, NCB (Cayman) Limited will undergo rebranding under the Clarien name. NCBFG emphasized that the reorganization is not anticipated to materially affect capital adequacy, liquidity, or ownership structure.
Clarien CEO Ian Truran characterized the acquisition as supporting the bank’s strategic expansion into selective offshore markets, calling it “an exciting new chapter” for the institution. The bank has committed to ensuring a seamless transition for both clients and staff from NCB (Cayman) Limited and NCB Capital Markets (Cayman) Ltd.
This development occurs against the backdrop of NCBFG’s evolving ownership strategy regarding Clarien. Earlier efforts to reduce exposure through a partial divestment expired in May 2025 without extension. Conversely, a separate disclosure from June 2025 indicated NCBFG’s potential acquisition of an additional 17.92 percent stake in Clarien, which would elevate its ownership to 68.02 percent if finalized. The group has stated that neither transaction is expected to significantly impact financial performance.
Throughout the transition, clients will continue to be served by their existing relationship teams with no anticipated disruption to daily operations.