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First Citizens Group chief exec­utive officer (CEO) Karen Darbasie, 60, submitted her letter of resignation on August 19; it was accepted a day later when she was also instructed to proceed on paid vacation leave with immediate effect.

She was due to go on vacation leave on September 1, as had initially been discussed.

The Sunday Express learnt Minister of Planning, Economic Affairs and Development Kennedy Swaratsingh, in a letter dated August 20, 2025, officially accepted Dar­basie’s resignation following guidance from Attorney General John Jeremie.