GIB CEO announces retirement - new CEO expected to be in place early next year

The Chief Executive officer of Gibraltar International Bank, Peter Horton, has announced his retirement to the Board of Directors.

In a statement, the Board says it has accepted Peter Horton's decision to retire from the bank at the end of the year, thanking him for his overwhelming commitment and services during his tenure as CEO.

It says Mr Horton played an important role in supporting the organisation and its strategic objectives, and leaves the bank with strong financial results and well placed to keep delivering for Gibraltarians.

Chairman, Andrew McLauglin thanked him for his dedication and contribution, describing him as a very experienced banking professional who put customer experience at the heart of his strategic leadership of the business.

He said a new CEO is expected to be in place in early 2027. In the meantime, David Bruce will serve as Deputy CEO to ensure an orderly handover. 

The statement says the Board, Executive Management Team and staff remain focused on the delivery the Bank's strategy, strong governance, and continuing support to customers, businesses and the wider community.