Sterling Welcomes Kenue J. McPhee as its Chief Financial Officer

Sterling Welcomes Kenue J. McPhee as its Chief Financial Officer Thursday, October 1, 2015 Nassau, The Bahamas based Sterling Financial Group Inc (“Sterling” or the “Company”), announced today the appointment of Kenue J. McPhee as Chief Financial Officer.  Mr. McPhee, a banking and financial services industry veteran, is joining the Company effective today. “I’m excited to join the superb team at Sterling” said Mr. McPhee. “In addition to overseeing the financial function at the Company, I look forward to joining the Company at the time of expansion.  I am thrilled to play a part in Sterling’s dedication to strategic growth and its commitment to positively impact its customers and investors.” “Kenue has a truly impressive track record in the international banking and financial services industry and he is the ideal candidate to help the Company grow and add customer and shareholder value” said David Kosoy, Chairman and CEO of Sterling.  “In his prior roles, Kenue has proven himself a key member of leadership teams – driving finance, strategic financial planning and compliance process.  His extensive, on-point experience will provide critical support for the advancement of Sterling.” Mr. McPhee has over 15 years of management and audit experience.  Mr. McPhee is joining Sterling from Cititrust (Bahamas) Limited where he served as Vice President and Financial Controller following a career as an audit manager at Ernst & Young. About Sterling Sterling Financial Group is an integrated financial services, private equity, real estate investment and development company based in Nassau, The Bahamas. The company is also the fund manager for New Providence Capital Management Partners Ltd., New Providence Income Fund and New Providence Opportunity Fund and the owner of Sterling Trust (Cayman), Ltd. The company has active investments and projects throughout the Caribbean and North America and is always seeking new investment opportunities. The primary investment focus is in real estate and related services as well as mortgage lending and trust services. The company capitalizes on over half a century of successful real estate and investment experience of its management team.