Royston Cumberbatch Appointed General Manager At The Grenada Development Bank

PR – The Grenada Development Bank (GDB) is  pleased to announce that Mr. Royston Cumberbatch has been appointed as its new General  Manager, effective 1st September, 2023. Mr. Cumberbatch has over two (2) decades of experience  in the UK financial services industry and his appointment brings a wealth of expertise to the GDB.  

He previously served as Vice President – Investment Promotion Agency (IPA) at the Grenada  Investment Development Corporation (GIDC) from October 2021 to August 2023. During his  tenure, he demonstrated unwavering dedication, innovative ideas, and a talent for fostering  partnerships. As a result, he successfully facilitated and oversaw various investment projects that  promise to transform Grenada’s future.  

He still holds membership in a Technical Working Group, which the Cabinet appointed in 2023  to review and recommend reforms to the current incentives system to encourage more focused  local and foreign investments in Grenada.  

Royston Cumberbatch’s impressive background spans various disciplines, including Insurance, Re insurance, Investment Operations, Financial Management, Enterprise Risk Management, Fund  and Investment Accounting, and Project/Programme Management. From 2006 to 2019, he held  management positions at renowned organizations such as Aviva PLC, Lloyds Banking Group, and  HSBC, headquartered in London.  

Notably, Mr. Cumberbatch has a personal connection to the GDB, having been a beneficiary of  the institution in 1997. At that time, he received a loan from the Bank to pursue his professional  accountancy studies – Association of Chartered Certified Accountants (ACCA) in London. He  successfully qualified as an accountant (ACCA) in 2000. Additionally, Mr. Cumberbatch holds an  MBA from Oxford Brookes University. He is a Prince II-Certified Project Manager with  significant experience in improving management information systems and managing complex  finance and investment transformation projects.  

As the new General Manager of the GDB, Mr. Cumberbatch is poised to leverage his extensive  experience and knowledge to further strengthen the Bank’s commitment to financial stability,  growth, and prosperity in Grenada. Drawing from his journey as a GDB beneficiary, he is  passionate about giving back to the community and fostering economic empowerment.  

Mr. Cumberbatch’s vision for the future includes plans to create innovative investment vehicles  that will empower citizens and the diaspora to participate in funding local priority sector projects  in Grenada. He aims to facilitate increased access to capital for initiatives that drive economic  growth and sustainability in Grenada. 

The Grenada Development Bank extends a warm welcome to Mr. Royston Cumberbatch and  looks forward to working collaboratively under his leadership to serve the financial needs of our  community. 

Please contact Ria Murray, Communications Officer at 440-2382, extension 271 for media  inquiries or additional information.