Sun Bank International Ltd. announces a key leadership appointment

Nevis, December 10, 2024 – Sun Bank International Ltd. is pleased to announce a significant leadership appointment of a new Chief Executive Officer, that reflect the bank’s commitment to strengthening its strategic direction.

Ivaylo Markov has been serving as the new Chief Executive Officer (CEO) since November 13, 2024, after his offical approval by Nevis Financial Services Regulatory Commission. Ivaylo comes with extensive experience in financial services and a proven track record of driving growth and transformation within organizations. His visionary leadership will guide Sun Bank as it continues to expand its offerings and strengthen its position in the international banking sector.

“I am honored to take on the role of CEO and lead Sun Bank International Ltd. into the future,” stated Ivaylo Markov. “Together with our talented team, we aim to build on our successes and ensure that we remain a trusted partner for our clients while embracing innovation and maintaining the highest standards of service.”

As Sun Bank International Ltd. continues to evolve and grow, these strategic appointments reflect the bank’s commitment to excellence and its focus on providing superior financial services that meet the needs of international clients.

Nichole Lawrence

Operations Manager

With over 20 years of experience across all areas of the banking sector, Nichole specializes in Branch Operations and has handled a wide range of client cases in the field of Compliance.

As an ACAMS-certified Anti-Money Laundering Specialist, she is highly skilled and adaptable, making her an invaluable asset to the bank. Nichole effectively leads our Operations department, bringing expertise and a dynamic approach to managing complex and multifaceted organizational challenges.

Shemica Maloney

Director

Ms. Shemica K. Maloney is a national of the twin Island Federation of St. Kitts and Nevis. She is an accomplished Attorney-at-law, a Legislative Drafter and a Notary Public. She was called to the Bar of the Eastern Caribbean Supreme Court St.

Christopher and Nevis Circuits in November of 2007. Ms. Maloney is the Owner and Manager of MALONEY & CO. Attorneys-at-Law, a small law firm located at Cedar Trees, Charlestown, Nevis where she provides legal and consultancy services. With a distinguished background in public service, Ms. Maloney previously served as Senior Legal Counsel, Registrar of Local Companies as well as Clerk of the Nevis Island Assembly.

She is a member of the St. Kitts and Nevis Bar Association and is a past member of the Bar Council and the Disciplinary Committee. Outside of her professional life, Ms. Maloney devotes time to her interests which include: culinary arts, real estate and volunteer work.

Ivaylo Markov

Chief Executive Officer

Ivaylo is a seasoned banking professional with over 17 years of extensive experience in the banking and investment funds industry.

He has held various roles at State Street Bank, RCB, and TMF Fund Management in Luxembourg, specializing in fund structuring and administration, and depositary banking.

His expertise spans corporate finance, investment banking, and financial analysis, with a strong focus on delivering strategic financial solutions and tailored products to clients.