Re­tired busi­ness ex­ec­u­tive, Robert Ri­ley, has be­come the lat­est di­rec­tor to re­sign from the board of Re­pub­lic Fi­nan­cial Hold­ings Ltd (RFHL). Ri­ley's res­ig­na­tion, which was an­nounced yes­ter­day in a ma­te­r­i­al news no­tice, was ef­fec­tive as at De­cem­ber 6.

Ri­ley's res­ig­na­tion, as a di­rec­tor of the largest, pub­licly owned fi­nan­cial ser­vices com­pa­ny in the re­gion, is the fourth in just over two months.

The three oth­er re­sign­ing RFHL di­rec­tors, are: at­tor­ney Ja­son Mootoo, who re­signed from the RFHL board, ef­fec­tive No­vem­ber 21; fi­nan­cial ad­vi­sor Walt­nel Sosa re­signed as an RFHL di­rec­tor ef­fec­tive Oc­to­ber 7 and busi­ness own­er Shameer Ron­nie Mo­hammed re­signed as a di­rec­tor ef­fec­tive Oc­to­ber 3.

In RFHL's 2025 an­nu­al re­port, the com­pa­ny's chair­man, Vin­cent Pereira, al­so an­nounced his in­ten­tion to re­tire from the board.

In his chair­man's re­view, in the an­nu­al re­port, Pereira said, "Serv­ing as chair­man of the Re­pub­lic Fi­nan­cial Hold­ings Ltd Group has been a pro­found priv­i­lege and a great ho­n­our for me....As I re­tire, I will now look on from the side­lines as a proud RFHL share­hold­er, with keen in­ter­est in how Nigel, his lead­er­ship team and the thou­sands of in­cred­i­ble RFHL col­leagues forge new path­ways to add val­ue and make an im­pact. I look for­ward to see­ing con­tin­ued growth of the RFHL Group."

The Nigel re­ferred to by Pereira is Nigel Bap­tiste, the RFHL Group pres­i­dent and CEO.

The Gov­ern­ment, which con­trols a ma­jor­i­ty of the RFHL shares, is seek­ing to ap­point a ma­jor­i­ty of di­rec­tors to the com­pa­ny's board.

In a no­tice dat­ed Oc­to­ber 17, RFHL ad­vised of the ap­point­ments of Yash­mid Kara­math, Tim­o­thy Af­fon­so and Nali­ni Bansee the board of the com­pa­ny with ef­fect from Oc­to­ber 14, the day af­ter Min­is­ter of Fi­nance Dav­en­dranath Tan­coo pre­sent­ed the 2026 bud­get. Those three di­rec­tors were nom­i­nat­ed by the Gov­ern­ment, led by Prime Min­is­ter Kam­la Per­sad-Bisses­sar.

The Gov­ern­ment al­so sub­mit­ted a share­hold­er pro­pos­al nom­i­nat­ing four ad­di­ton­al di­rec­tors to the RFHL board. They are Pa­tri­cia Mo­hammed, Rhion Karim, San­dra Sookram and Gre­go­ry Ar­mor­er. RFHL share­hold­ers will vote on those four di­rec­tors at the com­pa­ny's De­cem­ber 15 an­nu­al meet­ing at Hy­att Re­gency.