Financial Services

Recent Items about: Financial Services

Market Update: Scotia Group Jamaica Appoints First Female President & CEO

Scotiabank Jamaica has announced some top-level management changes.

In a release, they stated that, At a board meeting today (August 7, 2013), the directors of Scotia Group Jamaica Limited appointed Mrs. Jacqueline (Jackie) Sharp, currently Executive Vice President, Chief Financial Officer and Chief Administrative Officer, as President & Chief Executive Officer of the Company effective September 1 2013.  Continue Reading

Management & Movements

Sagicor Morphes Into Mega Group Structure

Sagicor Bank - 2012 Annual Report

Sagicor to establish new group structure

Sagicor Life, Sagicor Investments (formerly Pan Caribbean Financial Services), and Sagicor Bank are to be merged into a super-powerful entity which will become the new Sagicor Group. Continue Reading

Business Strategy, Mergers and Acquisitions

Sagicor’s Sale Of European Subsidiaries To Net £15 Million

Sagicor Financial Corporation is currently entertaining healthy discussions with AmTrust Financial Services surrounding the sale of their European arm Sagicor Europe Ltd (SEL) and its associated subsidiaries. The Trinidad Express reports that ‘SEL is a Cayman Islands — domiciled holding company and the sale also includes a reinsurance entity’. Continue Reading

Business Strategy, News Ticker

Guardian Holdings One Of The Caribbean’s Largest Insurance Companies Rebrands

The New Guardian Group Logo

Trying to leverage the advantages of the Caribbean Community (Caricom), the Caribbean single market & Economy, and their advantage of being in 21 territories, Guardian Holdings Ltd is conducting an extensive rebranding exercise which will see the reemergence of a new Guardian Group. Continue Reading

Business Strategy, Marketing Sponsorship Endorsements

Singapore Based Pawnbroking, Jewellery & Watch Trading Company ‘MoneyMax’ Goes Public

Logo of Singapore Based Monemax Financial Services

Lately, a few persons have been searching for the MoneyMax Initial Public Offering (IPO). While we’re happy for these visitors, (and hope that one day we too can be listed 🙂 ), we realize that more than likely they would have been looking for information on the 5 year old pawn broking Singapore based company – MoneyMax Financial Services. They also do retail and trading of pre-owned jewellery and watches. Continue Reading

e-Update, Stocks / I.P.O.s

The JSE’s Most Expensive IPO Ever (That You Almost Never Heard About). Eppley Ltd @ J$377 Per Share!

Eppley Ltd Logo

There are a few unwritten rules to Initial Public Offerings (IPOs), in Jamaica at least. First, the company announces its intention to list. Then there are weeks (sometimes months) of learning about the company, the management, and kind of business they do, before finally presenting the prospectus, and going live with the offer. Continue Reading

e-Update, Stocks / I.P.O.s

VM Wealth, BCW Collaborate To Raise US$7.5m To Help Hispanics

AP Capital Partners, a United States-based private equity firm, has named Victoria Mutual Wealth Management Limited as arranger for a deal to raise US$7.5 million from Jamaican investors.

The funds will be used to invest in the expansion of New Futuro, a private business headquartered in Chicago, which operates a social networking website targeting young people in the Hispanic community in the United States.

BCW Capital is collaborating with VM Wealth to raise the funds

Business Investments, Business Strategy, News Ticker

Wooa! Half a Billion J$ Loss From Sagicor Investments For Q1 2013

Sagicor Bank - 2012 Annual Report

Richard Byles and his leadership team are placing the blame for this one, squarely at the feet of the Government and making it clear, that this is the result of operating in a crappy economy, with poor governance and political mismanagement! Continue Reading