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Former KPMG head elected to Commonwealth Bank board

Commonwealth Bank shareholders unanimously elected former KPMG senior partner Tracy Knowles to the Board of Directors during the bank’s annual general meeting June 1. 

Thursday, June 30, 2016
Thursday, June 30, 2016

Commonwealth Bank shareholders unanimously elected former KPMG Senior Partner Tracy Knowles to the Board of Directors during the bank’s annual general meeting June 1.

Knowles is a Fellow of the Institute of Chartered Accountants in England & Wales and member of the Bahamas Institute of Chartered Accountants. In his capacity as head of KPMG, Knowles had more than four decades of experience advising governments and industry on businesses and markets ranging from financial services to consumer markets, including hospitality, utility, government, manufacturing and real estate. His role in managing the business message particularly around utilities can be said to have affected every Bahamian and resident in the nation.

Knowles, was named partner of KPMG in 2008 was named a director of KPMG Advisory Caribbean Ltd, serving in that post until September 2015 when he retired from the regional board as well as KPMG Bahamas where he was senior partner.

Knowles is a past president of the Rotary Club of South East Nassau and is a strong supporter of several local civic organizations.

Knowles joins a board that includes William B. Sands, Jr., Ian A. Jennings, Rupert W. Roberts, Jr., Roland C. (Craig) Symonette, Vaughn W.T. Higgs, Earla J. Bethel, Larry R. Gibson, Marcus R.C. Bethel and Robert D. L. Sands. He replaces chartered accountant Clifford Culmer who stepped down after 25 years’ service on the board during two terms.

Tyler Technologies, Inc. has announced that The Bahamas, Department of Inland Revenue, Real Property Tax Valuation Unit (RPTVU) has signed a contract for technology-driven mass appraisal services using Tyler Verify. Under the agreement, Tyler’s staff will use the software to conduct street-level imaging and data collection services for properties on the island of New Providence.

The Government of The Bahamas and the Inter-American Development Bank (IDB) jointly organized a seminar on “Innovation, Transparency and Service Delivery" in Nassau recently.

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