Grenada Co‑operative Bank Limited is pleased to announce the election of Mr. Richard W. Duncan, O.B.E. to its Board of Directors (the Board) during the Bank’s Annual General Meeting of Shareholders held on January 29, 2026. As the nation’s largest commercial bank and a licensed Broker Dealer, Grenada Co‑operative Bank Limited continues to play a critical role in Grenada’s financial landscape. Grenada Co-operative Bank Limited now manages assets exceeding $2.7 billion, underscoring its continued leadership and stability within Grenada’s financial sector.
Mr. Duncan is a distinguished retired banker and former Managing Director of Grenada Co‑operative Bank Limited, having served from 2008 to 2021. He is an Advisor within the Ministry of Finance. With an academic foundation that includes a B.Sc. in Economics & Accounting from the University of the West Indies and a Master of Arts in Public Administration from Carleton University, Mr. Duncan brings extensive expertise to the Board. He is a Fellow Chartered Professional Accountant, Fellow Certified General Accountant, Associate of the Institute of Canadian Bankers, an Accredited Director, and a Fellow of the Chartered Governance Institute of Canada.
Mr. Duncan’s career with Grenada Co‑operative Bank Limited began in 1996, when he joined as Finance Manager. Prior to his tenure in banking, he served the Government of Grenada in key areas including Public Policy Analysis, Debt Management, Public Finance, and Public Sector Investment Programming. Throughout his career, he has also contributed significantly to regional discourse on public and private finance, banking, and regulatory matters, sharing his expertise as a presenter, writer, and panelist at numerous OECS‑level and regional conferences and seminars.
His exemplary service has earned him notable recognition. In 2008, he was honoured as a Distinguished Graduate of the University of the West Indies. In 2022, he received the title of Officer of the Order of the British Empire (OBE) from Queen Elizabeth II in recognition of his outstanding contribution to banking in Grenada. Mr. Duncan also holds several prominent directorships, including Chairman of the Grenada Citizenship by Investment Committee and Director of Caribbean Financial Services Corporation. Beyond his professional achievements, he is committed to community service and is a dedicated Rotarian and past President.
Mr. Duncan brings to the Board a wealth of experience, strategic insight, and a distinguished record of service to Grenada’s financial sector. His appointment enhances the Board’s depth of expertise as Grenada Co-operative Bank Limited continues to advance its mission of delivering exceptional value to customers, shareholders, and the broader community.
