Local offshore bank reaches 40 year milestone

| 22/07/2010

(CNS): The Caledonian Group is marking its 40th anniversary this summer and the financial institution said its success over the years was down to the support of its staff. The organization was founded by William S. Walker in 1970 and members of the Walker family were on hand to celebrate the first of a number of planned celebrations that will mark one of the financial sector’s earliest institutions anniversary at the Grand Cayman Beach Suites recently. Caledonian Group CEO David Walker thanked the firm’s employees and express appreciation for their service and commitment. “Caledonian has made tremendous progress over the past 40 years, much of which is attributed to the vision of its leaders and the support of its staff,” he said.

He said the organization was determined to reach new heights unveiled a new company directive and management reporting system that will be used to ensure continuous success and enhance productivity and performance across all global offices in the years to follow.
"Four decades after Caledonian was founded, we remain uniquely positioned to thrive and to continue to contribute to the economic growth and diversification in the markets that we serve," he stated.
Walker also used the occasion to address questions surrounding a new partnership and confirmed that the organisation was looking to expand. “We are continuing to look for ways to strengthen our service offering and at the moment we are in discussions with a potentially ‘solid’ strategic partner that will strengthen our presence globally,” Walker added.
Human Resources Manager, Jacqueline Terry, described the event as rewarding. “The excitement was contagious and every employee received the clear message that Caledonian’s success is shared success and though change is coming, the company remains committed to empowering and inspiring its employees through effective management and positive reinforcement.”
Caledonian plans to continue its 40th Anniversary celebrations with a series of special events that will give thanks to the community that built and supported the company’s legacy later in the year.
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