As the director, Wright will initially be based out of CIBC FirstCarribean’s Cayman Islands office which is one of its largest wealth management businesses.

Wright is an experienced wealth management and private banking leader, and has most recently performed the role of senior vice president & head, International Wealth Management for Bank of Nova Scotia in Toronto with specific responsibility for their wealth management business in the Caribbean, Latin America and Asia.

Additionally, he was also the chair of the BNS trust company in the Bahamas and a director of a number of Caribbean based businesses in the Cayman Islands and Jamaica.

In all the roles he was in, he was responsible for defining, planning and executing the strategy to build and grow the wealth management group of businesses internationally.

Commenting on his appointment, CIBC FirstCaribbean managing director of wealth management, Mark Young, said: "Dan will be leading the implementation of our new strategy to deliver a holistic advisory service to Private Wealth Management clients of CIBC FirstCaribbean regionally and internationally.

"He brings a wealth of experience from his previous roles that were for very similar regional geographies to our own, which makes me very confident he can provide a very compelling offer to our most valuable private banking client," he added.