Your Guide To Caribbean Financial Markets
GraceKennedy Limited (GK) has advised of changes to the organizational structure of First Global Bank Limited (FGB).
FGB has created the post of Senior Vice President, Technology. Mrs. Nichole Case has been appointed to act in this new role and will report directly to the President and CEO, Mrs. Mariame Mcintosh Robinson. The Technology Department will be responsible for core IT infrastructure and capabilities as well as EBusiness(E-Channels, Innovation and Technology). Continue Reading
The JMMB Group Limited has advised that effective March 13, 2017, Mr. H. Wayne Powell was appointed to their Board of Directors as well as its subsidiary JMMB Merchant Bank Limited.
Mr. Powell has over 45 years banking experience with Scotia Bank Jamaica and was in February 2014 promoted from head of retail banking to Head of Retail Delivery, English Caribbean Region, with The Bank of Nova Scotia, Toronto, Canada – responsible for the growth of the Retail and Small Business portfolios across the Caribbean. Mr. Powell is on a number of boards for the Scotia Group.
Scotia Investments Jamaica Limited (SIJL) has advised that Ms. Camelay Roberts was appointed to the position of Assistant Vice President, Finance & Chief Financial Officer, effective February 27, 2017.
Derrimon Trading Company Limited (DTL) has advised that Mr. Winston Thomas, Chief Operating Officer, has served notice of his retirement and would be relinquishing his Executive functions effective March 31, 2017. Mr. Thomas will continue to serve as a member of the Board of Directors, DTL reported.
Almost a month after the fact, Scotia Investments Jamaica Limited (SIJL) is advising that Mr. Gregory Samuels, one of its senior executives has resigned from SIJL to pursue other interests.
The notice from the investment house (on Feb 3, 2017) stated that Mr. Samuels, Assistant Vice President, Treasury & Trading, resigned effective January 1, 2017. The scotia group has undergone significant leadership changes at the executive level since last year as a number of its managers have either resigned, retired, made redundant or otherwise. They also hired their first Deputy CEO for the first time.
Scotia Group Jamaica Limited (SGJ) has advised that effective February 1, 2017:
Cable & Wireless Jamaica Limited (CWJ) has advised that Ms. Michelle English has been appointed as a Director effective September 8, 2016.
CWJ further advised that the Board of Directors has resolved to change the accounting terminal date from March 31st to December 31st. This change to the company’s financial year end will be coterminous with that of Liberty Global, to achieve uniformity throughout the group. The relevant applications are being made with the Tax Administration Jamaica.
Young business guru, tv show creator, gleaner columnist and legal services provider, Yaneek Page has been appointed to the board of Honey Bun (1982) Limited (HONBUN), effective August 15, 2016.
Scotia Group Jamaica Limited has advised that the following Directors were appointed to the Boards of the Bank of Nova Scotia Jamaica Limited and Scotia Group Jamaica Limited effective August 5, 2016: Anthony Mark Hart, Andrew Mahfood and Brendan King.
Caribbean Flavours and Fragrances Limited (CFF) has advised that Mr. Howard Mitchell has resigned as Chairman from the Board of Directors effective August 11, 2016.
Mr. Mitchell’s resignation is a consequence of his recent appointment as Chairman of the Financial Services Commission and the resulting potential for perceived conflict of interest.
Effective August 12, 2016 Mr. Clive Nicholas will be the Acting Chairman of the Board of Directors of CFF.
Mrs. Misheca Seymour Senior has accepted an offer to be appointed to the position of Group Chief Compliance Officer with effect from October 1st, 2016. Mrs. Seymour Senior is currently a Compliance Manager, Legal Counsel and Assistant Company Secretary in the Group Legal and Compliance Division.
In her capacity as Group Chief Compliance Officer she will be responsible for regulatory and anti-money laundering/counter-financing of terrorism (AML/CFT) compliance programmes for NCBJ and its subsidiaries and will continue to report to the Head of the Group Legal & Compliance Division. She will also have a reporting relationship to the Audit Committee and Board of Directors.
Mr. Faarees Hosein was appointed Chairman of One Caribbean Media Ltd (OCM) effective Friday August 05th, 2016.
Scotia Investments Jamaica Limited (SIJL) has advised that Mr. William David McConnell has been appointed to the Board of SIJL effective August 2, 2016.
AMG Packaging & Paper Company Limited (AMG) has advised that effective July 21, 2016 Mrs. Michelle Chin was appointed as a Director of AMG in place of Mr. Mark Chin, who died on June 21, 2016.
JMMB Group Limited (JMMBGL) has advised that at a board meeting held on July 22, 2016 the following individuals were appointed to the Board of JMMB Securities Limited.
JMMB Group Limited (JMMBGL) has advised that Mrs. Imani Duncan-Price, JMMB Group Strategy Chief Officer has tendered her resignation effective November 27, 2015. JMMBGL also advised that Mrs. Duncan-Price would be joining the People’s National Party to represent the St. Andrew East Rural constituency in the next general election
Desnoes & Geddes Limited has announced the appointment of Mr. Ricardo Nuncio as Managing Director of Red Stripe effective November 19, 2015. He replaces Cedric Blair who has been appointed to the role of General Manager, Caribbean and Central America, DIAGEO WestLAC.
CAR has also advised of the following appointments effective November 12, 2015: Mr. Oliver Holmes as Chairman of the Board of Directors and Chairman of the Nomination and Compensation Committee and Mr. Michael Bernard as Chairman of the Audit Committee.
Pulse Investments Limited (PULS) will have a new CEO come January 1, 2016.
At a recent meeting of its board of directors it recently agreed Safia Cooper should be appointed Chief Executive Officer of the Company, and Kingsley Cooper will retire as Executive Chairman and continue as Chairman.
The board also agreed that Romae Gordon should be appointed a Director of the Company. All these changes become effective January 1, 2016.
SGJ has advised that Ms Carol Logan resigned as Vice President, Credit Solutions effective October 31, 2015.
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