Dalton Lee to Step Down as Chairman of Bank of Montserrat Limited
Dalton Lee has announced his resignation as Chairman and Director of the Bank of Montserrat Limited, effective at the close of the Annual General Meeting scheduled for July 10, 2025. Lee joined the Board of Directors in 2015 and was appointed Chairman in 2018. Over the last decade, he has helped steer the institution through a period of sustained financial growth and operational transformation. During his chairmanship, the Bank delivered its best financial performance in over 15 years, closing 2023 with net profits before tax of EC$6.8 million, a $2.2 million or 53.4% increase from the previous year. Other key achievements under his leadership include: As Chairman, Lee also oversaw critical advancements in the Bank’s digital, customer service, and corporate governance infrastructure. During his tenure, the Bank: “One the highlights of my tenure, was to play an active role when the Bank executed one of the original strategic visions of the founders,” Lee added. “The acquisition of the banking operations of the Royal Bank of Canada in Montserrat in April of 2021 was the realisation of one of their goals. This acquisition has contributed significantly to the Bank’s profitability and has set the Bank on a path for long-term, consistent growth.” Lee’s departure comes at a time of continued evolution at both the board and management levels, with several directors resigning to hold political office and the hiring of senior managers, including a General Manager, HR Manager, IT Manager and Manager of Credit and Advances. He expressed full confidence that these developments, combined with the strong foundation already in place, position the Bank for continued growth and success. “Leaving the bank in a better position than I found it has always been my goal. It’s now time for someone else to take the bank to the next level.” said Lee. “It has been my greatest honour to serve the people of Montserrat.”
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