Drawing on over 25 years experience in the financial sector, Stephen Facey successfully manages Pan Jamaican Investment Trust Limited (PJAM), which operates primarily as a holding company. Mr. Facey also has direct responsibility for PJAM’s subsidiaries First Jamaica Investments Limited (FJI) and Jamaica Property Company Limited. The Group’s activities span a number of sectors including investment management, property management, real estate development, insurance and horticulture. PJAM & FJI’s income consists mainly of dividends, interest income and management fees earned from associated companies, Hardware and Lumber Limited and Sagicor Life of Jamaica Limited (SLJ).

During the 2006/07 financial year, PJAM and FJI reported increases in net profit of 22% and 11%, respectively placing them among the top ten performing companies of 2007. Historically, both companies have had steady growth in assets, based on strong cash holdings and investments. Furthermore, the subsidiaries and associated companies hold leadership positions in their respective markets. Mr. Facey along with his Boards of Directors which is comprised of past CEOs and current leaders in the financial markets, has a firm grip on both PJAM’s and FJI’s growth prospects. Looking ahead, PJAM’s income streams will continue to benefit from the appreciation of property values and rental income, both driven by inflation, continued high property demand and the prudent management of its financial assets.

The companies’ strategy has been clearly articulated in the chairman’s statement accompanying the audited financials: “With our strong balance sheet, which includes prime commercial real estate, our investment in SLJ and our liquid resources we remain focused on taking advantage of investment opportunities whether in real estate or other sectors.” However, FJI’s profitability for the 2007/08 financial year will hinge on improvement in the local stock market, investments in higher yielding securities and continued strong performance of its associates and subsidiaries.