- August 20, 2025
- Banking, General
(Nassau, The Bahamas) RF Group is pleased to announce the appointment of Michael Anderson, President and Chief Executive Officer, as Executive Chairman of the Group effective immediately. RF Group’s Board of Directors note that Anderson’s appointment represents a natural progression, ensuring both continuity and strength in leadership as the company enters its next phase of growth.
A seasoned financial executive with over three decades of leadership in banking, investments, and pension services, Anderson brings not only deep institutional knowledge of RF but also connectivity within the wider financial industry. He currently serves on the boards of the Bahamas International Securities Exchange (BISX) and the Bahamas Central Securities Depository Limited (BCSD) and is Chairman of the Bahamas Property Fund.
Since joining Fidelity in 1987, Anderson has played a pivotal role in some of the company’s most transformative milestones, including leading the 2019 management buyout of Royal Fidelity’s Bahamas and Barbados-based banking operations from RBC Royal Bank and Fidelity Bank, along with the acquisition of Fidelity’s pension business in the Cayman Islands. Over his career, he has overseen operations in The Bahamas, Barbados, the Cayman Islands, and Turks & Caicos, bringing expertise in investment and retail banking, capital markets, and pension administration.
Anderson succeeds Ross McDonald, who has served in the role since 2019, guiding the Group through a period of transition and market expansion. McDonald’s resignation as Chairman was effective as of August 19, 2025.
“Ross has been a tremendous steward of RF Group’s vision, and on behalf of the entire team, I extend my thanks for his leadership and dedication over the past six years,” said Michael Anderson. “I look forward to building on this momentum and ensuring that RF has a strong Board and executive team to help us reach our most ambitious targets.”
As the Company continues its rapid growth trajectory, Anderson’s appointment as Executive Chairman, reflects RF’s long-term succession planning, ensuring the gradual handover of responsibilities and knowledge to the next generation of leadership. Anderson maintains his roles as President and CEO where his commitment to the company and clients remains as strong as ever.
About RF
Since its inception in 1997, RF has been committed to helping our clients create and manage wealth. We are your regional private bank connecting with the best in local and international investments. Collectively, we have helped clients raise in excess of USD $2.2 Billion in capital, have $1.4 Billion under management and 2 Billion+ assets under administration. Offering a wide range of investment products and services, our financial solutions are designed to help individuals and corporate clients meet and achieve their investment goals. These include Mutual Funds, Investment Management. Investment Banking, Group & Personal Pension Plans, Personal Retirement Accounts, Stock Brokerage, Trust & Estate Planning, and Educational Investment Accounts.
For more information, please visit https://www.rfgroup.com and follow us on Facebook @rfbanktrust
Media Contact
Rachael Allahar
Group Head of Marketing
RF Bank & Trust
603-6000
Rachael.allahar@rfgroup.com