Warren Rolle (1979 – 1988)
Warren Logan Rolle has the proud distinction of being the very first Managing Director of The Bahamas Development Bank, a position that he held for a period of ten years – 1978 to 1988. Mr. Rolle entered the Bank with an enormous amount of experience and professional skills.
From 1990 to 1993, he served as the Financial Secretary for the Bahamas Government and subsequently took on the position of Chief Executive Officer of the Hotel Corporation of The Bahamas – a position he held form 1993 until 1996. From 1974 to 1978, just prior to his appointment with the Bank, he was the Bank Secretary and Chief Accountant for the Bahamas Monetary Authority now known as The Central Bank of The Bahamas. Before that, he was a Fiance Officer at the Ministry of Health. He also did stints at Graham Cooper & Company, Chartered Accoutants, Bahamas Blenders Limited, Cavalier Construction and E.D. Sassoon Banking Company. He retired from the Public Service in 1996 to pursue private interests.
He served as the President of Rainbow Cleaners and W.L. Rolle & Associates – Financial Consultants.
Mr. Rolle is past Director and Alternate Governor of the Caribbean Development Bank, Alternate Governor of the Inter-American Development Bank and Alternate Governor of the World Bank.
A graduate of the Government High School, he received his professional training at Leeds Polytechnic, England where he became a member of the distinguished Association of Certified Accountants. He is also a member of the Bahamas Institute of Chartered Accountants and at one point in time, served as its Vice President. Further during the years 1980 to 1992, he served as a Director on a number of Boards. They include:
- The National Insurance Board
- Bank of The Bahamas
- Laurentide Bank & Trust
- Imperial Life Financial and
- Bahamas First General Insurance
Mr. Rolle is very consicious of his civic responsibilities. In this regard, he served as past President of the Southeast Rotary Club of Nassau, Founder and President of the All Exuma Association and past Treasurer of the Church of Christ the King in Nassau. He presently serves as the Assistant Treasurer of the Anglican Church Men of Christ the King Church in Nassau and the Treasurer of the St. Anne’s Scottish Masonic Lodge.
Mr. Rolle is married to the former Audrey Fernander and is the father of three children, Julian, Larissa and Steven. He is also the proud grandfather of three – Carrin, Coderro and Courtney.
Benjamin H. Rahming (1988 – 1993)
Having moved up through the ranks in the Bank to attain the status of Managing Director, Benjamin H. Rahming is today being remembered as the only Managing Director to achieve this post by succession. He is also on record as being the second person in the Bank’s history to hold the post of Managing Director. Mr. Rahming holds a Bachelor of Science Degree in Business Management from Oklahoma City University and has attended several Development Bank courses in Barbados, Dublin Ireland, Pittsburgh and Jamaica.
He began his working career as the Manager for the North Andros Agriculture Cooperative Society Limited where he was employed from November 1976 to March 1979. In this position, he was responsible for the day-to-day administration of the Cooperative Society.
The Bank employed Mr. Rahming in May 1979. His first position was that of a Project Officer. However, after showing much promise, he moved up the ranks to the post of Deputy Managing Director in January 1988 – a position he held for one year before being appointed as the Acting Managing Director in January 1989. He performed in this capacity until June 1990, when he was confirmed. He left the bank after completing 14 years of service in June of 1993.
Following his stint with the Bank, he was appointed as a Consultant/Advisor with the Ministry of Finance & Planning. In this position, he was the coordinator of relationship with multilateral funding agencies and provided guidance and assistance in the formulation and analysis of proposal for Government Ministries and Agencies. He held this position until December 1996.
Moving out of the public sector, in January 1997, he assumed the position of Manager of Tom’s Radiator Shop where he was responsible for the day-to-day functioning of the business.
This past Managing Director is a former Director of the Caribbean Development Bank, former member of the Advisory Committee on Cooperative Development, Former Member of the Advisory Committee on Small Business Development and Liaison Officer at the Commonwealth Heads of Government meeting, which was held in Nassau, Bahamas in October 1985. He is also a past member of the Bahamas delegation to the Joint Annual Meeting of the World Bank and IMF, the Annual Meeting of the Inter-American Development Bank, the Annual Meeting of the Commonwealth Finance Ministers and the Annual Meeting of the Caribbean Development Bank.
Sterling Quant (1993 – 1997)
Sterling R. L. quant is on record as being the third Managing Director in the history of the Bank serving from the period 1993 to 1997. He is a graduate of Queens College in Nassau and Central State University, Ohio where he obtained a Bachelor of Science Degree in Business Administration. His major was Accounting and his minor Marketing and Philosophy.
His working career began shortly after graduating from Queen’s College, when he was given a job at The Department of Lands and Surveys as a Surveyor’s Helper. However, this was only for a period of six months before he was offered a more lucrative job as a teller at the Bank of Nova Scotia. Again, this was only for a short period, as he had an opportunity to further his education where he registered as a student at Central State University.
Upon completing his degree, Mr. Quant joined the staff of Citibank N.A. as a management trainee, leaving at the position of Manager of Credit and The Real Estate Departments.
Although holding several managerial positions, he was not fulfilled in this career path, as his ultimate desire was to become a Lawyer. Accordingly, in 1977, he began to pursue this career.
Starting his journey, he joined the Law firm of Anthony Thompson & in 1997 as a Law Student under the tutelage of Mr. Anthony Thompson. After completing all of the formalities, he was called to The Bahamas Bar in December 1988 as a Counsel and Attorney at Law. Subsequently, he chose to gain some legal experience by practicing in the same law firm. He did this until December, 1989 before deciding to go into private practice. In January 1990, he along with Mr. Ernie Wallace formed a partnership and began operating the law firm of Wallace, Quant & Co. This partnership soon dissolved and by April 1991, he was practicing under the name of Sterling R.L. Quant & Company. However, by May 1993, he entered into another partnership agreement, this time with Donna Newton to operate the law firm Quant, Newton & Co.
Being politically motivated, Mr. Quant contested the St. Agnes constituency seat as a candidate for the Free National Movement Party (FNM) in the 1977 General elections, but was unsuccessful. Again in 1992, he made a bid for a seat in Parliament by contesting the Yellow Elder Constituency seat for the Free National Movement, but was still unsuccessful.
In his youth, he was an avid basketball player as he was very tall in stature. In this connection, he has achieved a number of service awards. In the 1970s, The Bahamas Amateur Basketball Association named him as the basketball player of the decade. Also, Central State University voted him as the All American and Academic All American in basketball in 1971 and the following year, The Bahamas Amateur Athletic Federation named him as Sportsman of the Year. In addition, he was inducted into Central State University’s Marauder Athletic Hall of Fame in 1989.
This past Managing Director is past Vice President and President of the New Providence Amateur Basketball Association. He is also a former Director on the board of the Caribbean Development Bank, a former Secretary and Treasurer of the New Providence Golf Association, and past Chairman of the Bahamas Golf Federation Southern Division. He is also a former member of Toast Masters Club 1600, an Associate of the Corporation of Industrial and Commercial Accountants, a member of Phi Beta Sigma Fraternity and a member of the Bahamas Amateur Basketball Officials Association.
Being much older, he has moved away from basketball and he now enjoys playing golf (presently a 8 handicapper), watching other sports, reading and occasionally participating in whist tournaments.
Mr. Quant is married to Wendy Quant (nee) Gay and is the father of two adult daughters. He formerly held the position of Registrar General of The Commonwealth of The Bahamas.
Paul D. Major (1998 – 2000)
Paul Douglas Major was appointed as the fourth Managing Director of the Bahamas Development Bank on January 1st, 1998. He served in this capacity until January 2000 when he was appointed as the Managing Director of Bahamasair. He holds a MBA with honors from the University of Miami, and has attended the Financial School of Banking in New York, Harvard University and the Adam Smith Institute in London.
Prior to his appointment at BDB, Mr. Major served as a General Manager of the Bahamas Agricultural and Industrial Corporation (BAIC) from May to December 1997 where he acquired a grounding in Small and Medium Enterprise Development while developing a new strategic direction and repositioning the Corporation.
During the period 1993 -1997, Mr. Major expanded and diversified his family owned floral and produce business (Fantasia) into three locations.
Mr. Major’s background in commercial banking is extensive as he was employed with Citibank, N.A. from 1969 to 1993. During this time, he held a number of managerial positions culminating with the position of Vice President and General Manager. He has over 25 years’ experience in the Banking industry both in The Bahamas and abroad having been trained in New York, the Caribbean and Latin America.
He is a member of Florida Chapter of Beta Gamma Sigma National Honorary Business Scholastic Society. He is also past director of The Caribbean Development Bank, The Bahamas Agricultural and Industrial Corporation, The Red Cross Society, Chamber of Commerce, the clearing Bank’s Association and The National Junkanoo Committee.
His past times are reading, golf and tennis.
George E. Rodgers (2000 – 2007)
Mr. George E. Rodgers is an Associate of The Bahamas Institute of Bankers and a Justice of the Peace in the Commonwealth of The Bahamas. He is a career Bank with some thirty-five years of experience in the field and has attended the City Banking College/London as a participant in the London Institute of Bankers program.
Prior to joining The Bahamas Development Bank, Mr. Rodgers served for some thirty-three years with Barclays Bank PLC where he moved up the ranks to become the Personal Sector Director for the Bank in The Bahamas. He also served as member of the Executive Council for Barclays in The Bahamas, a body which makes key decisions concerning the direction of the Bank. Other positions held were Credit Risk Manager, branch Manager – Main branch/Assistant Manager – Freeport Office and Training Officer for Barclays in The Bahamas, Turks & Caicos Islands and the Cayman Islands.
Mr. Rodgers graduated from Prince William Baptist High School in 1965 where he obtained passes in Book-keeping stages 1 and 2 (1963), Company Law stage 2 (1964) and G.C.E., London 4 subjects at “O” level (1965). Subsequent to this, he attended many specialized training courses in Barbados, Cayman Islands, Jamaica and the United Kingdom. In fact, he acknowledges that his 10-month attachment to Barclays Bank PLC in the Liverpool Regional Office in 1993 was the highlight of his learning/training experience.
During May 1989, Mr. Rodgers headed the Barclays Acquisition team which was responsible for the conversion of the local Chase Manhattan Bank, N.A. operation into profitable arm of Barclays. He also played a pioneering role in the establishment of the Credit Card and Premier Banking units in Barclays.
In 1995, Mr. Rodgers (and his wife Carolyn) formed Freetown Enterprises Ltd., a family owned private investment company which operates “Freetown Laundromat” and in August 2000, they opened “Lynn’s Fashions” trading in upscale ladies apparel and accessories.
In January 2000, Mr. Rodgers was appointed Managing Director of The Bahamas Development Bank, having served for the previous six months as a Deputy Managing Director. He is presently a Director of the Caribbean Development Bank.
Mr. Rodgers served as Minister of Finance and Minister of Music at Pilgrim Baptist Temple. He also served as Council Member of the Bahamas Baptist Community College and is a Member of the College’s endowment and fundraising committee. He has been a past President of the Banker’s Association of The Bahamas and a former Director, Junior Achievement Bahamas. In 1986/87 he was voted Boss of The Year by The Bahamas Secretarial Association.
His hobbies include tennis, swimming and gardening.
Mr. Calvin B. Knowles (2007-2009)
Mr. Calvin B. Knowles is a multi-talented Banker with many years of demonstrated experience in Wealth Management (International Private Banking and Finance), Euro Bond Securities Trading and Back Office Administration, Cash and Treasury Management, Accounting, Euro Dollar Deposit/Loan Trading, Project Lending and Credit Analysis, Foreign Exchange and limited Stock Exchange Trading, Development Banking and Domestic Commercial Banking. He has served in many other capacities which included the management of Life, Group and Health Insurance administration in The Bahamas, Turks and Caicos and the Cayman Islands, as well as providing Financial Services in Trust Administration, Company Incorporation, Administration and Management. He has held numerous Directorships on the Boards of Private Banks, Multilateral and Regional Development Banks, Bahamas Government Corporations/Agencies, Domestic and Foreign International Trading Companies. Mr. Knowles was also involved in joint venture negotiations with foreign client companies engaged in Petroleum exploration and drilling, Coal mining, Timber harvesting, and the Agro Industrial sectors, deriving practical workable solutions to complex commercial issues. Currently serving as Chairman of the Bahamas Development Bank’s Board of Directors, Mr. Knowles has served in many executive banking positions including:
- Chief Financial Officer (CFO) SORECO INC. (An International Business Company)
- Managing Director of the Bahamas Development Bank
- Alternate Governor and Alternate Director, representing the Government of The Bahamas on the Board of Directors of the Caribbean Development Bank
- Shareholder and Managing Director of Falcon Trust Company Limited2
- General Manager of American Life Insurance Company (ALICO) (A foreign owned Fortune 500 Life, Group Health Insurance company
- Senior Vice President and Treasurer of Banco Ambrosiano Overseas Limited- Nassau Bahamas (A Subsidiary of Banco Ambrosiano Spa- Milan, Italy)
- Assistant Treasurer, Deltec Banking Corporation
His professional qualifications include a Master of Business Administration (MBA) from the University of Miami Graduate School of Business, Miami FL. His vast professional business affiliations include:
- President of The Bahamas Bankers Club
- A founding Member of FOREX (Foreign Currency Exchange) Association Bahamas (Affiliated to Association Cambiste International, Paris) an association of Foreign Currency Traders.
A proud Bahamian, Mr. Knowles is the father of three children and is married to Juanita Knowles.
Mr. Anthony F. Woodside (Acting 2009-2013)
Mr. Antony F. Woodside served as Acting Managing Director of The Bahamas Development Bank. Prior to his appointment, he served as the Deputy Managing Director. Before commencing his service at BDB, Mr. Woodside served in various managerial positions in the public and private sectors such as Financial Controller of The Bahamas Agricultural & Industrial Corporation (BAIC) and Senior Financial Analyst at IBM Bahamas Limited.
Mr. Woodside graduated from the Government High School in 1966 where he obtained London G.C.E. passes in five subjects. Subsequent to this, he obtained numerous certificates in Accounting, Business Administration and Financial Management from institutions in New York, Chicago, Washington and the Caribbean.
Mr. Woodside served as a Director of the Bahamas Mortgage Corporation and National Treasurer of the Free National Movement. He is Roman Catholic and worships at St. Anselm’s Church on Bernard Road in Fox Hill. He is married and is the father of four children.
Mrs. Arinthia S. Komolafe (Acting 2013-2016)
Mrs. Arinthia S. Komolafe is a Corporate & Commercial Attorney-at-law and a small business and estate planning consultant. A graduate of C.R. Walker Secondary School, Mrs. Komolafe studied Accounting & Finance at the College of The Bahamas and the American Intercontinental University in London, England. She obtained her Bachelor of Laws LLB (Hons) from the University of Buckingham and completed postgraduate studies at BPP Law School in London. She was called to the Bar of England & Wales and The Bahamas Bar in 2003 and is a member of the Honorable Society of Lincoln’s Inn. In the same year she was licensed as a Notary Public.In 2004, Mrs. Komolafe completed her pupilage at the law chambers of E.P. Toothe & Associates. During her tenure there up to 2007 she practiced civil litigation and specialized in the law of Trusts, Company Law, Real Property, Contract Law, Administrative Law, Commercial Law and Personal Injury. Mrs. Komolafe also presided over conveyance and mortgage transactions as well as the formation and administration of corporate structures, trusts and wills. Her duties required her to engage in active communication with personnel at various regulatory agencies as well as third party professionals on behalf of domestic and international clients.In 2010 she established her law firm Komolafe Law Chambers and became licensed as a corporate service provider with specific focus on small business creation and development, estate planning and regulatory compliance. In 2013, Mrs. Komolafe was appointed as the Managing Director of the Bahamas Development Bank.