Portland JSX Limited (JSX) has advised that Mrs. Holly Hughes-McNamara resigned from the Board of Directors of the Company on July 10, 2020 and by extension its Audit Committee. “The resignation of Mrs. McNamara from the Audit Committee is not related to any disagreement in respect of accounting principles or practices, financial statement disclosure or any other material issue impacting on the Committee or her ability to properly carry out the functions delegated by the Board,” states PJX.
CAC 2000 Limited (CAC) advised that as at July 10, 2020, Mr Glaister Cunningham, Senior Project Manager, is no longer with CAC 2000 Limited.
PanJam Investment Limited (PJAM) has advised of the resignation of Mr Stephen Phillibert, Chief Financial Officer of the Company, effective July 31, 2020.
Salada Foods Jamaica Limited (SALF) has advised that Mrs Lorna Lewis, former Operations Manager for the Company retired, effective June 30, 2020, and that Mr Steven Lloyd who was in training for the position by Mrs Lewis since the month of February 2020. has been appointed Operations Manager, effective June 30, 2020.
Key Insurance Company Limited has advised that Mr Stuart Andrade has been appointed to the position of Chief Financial Officer with effect as of July 1, 2020. “Prior to this appointment, he worked for two years in the capacity of Assistant Financial Controller, Insurance Segment, GraceKennedy Financial Group Limited. Mr Andrade has been with GraceKennedy Group for over fourteen (14) years and has approximately twenty (20) experience working in finance.
Mayberry Investments Limited (MIL) MIL has advised that Mrs Dianne Tomlinson-Smith has resigned from her post as Chief Financial Officer, effective July 7, 2020. MIL has also advised that Ms Shadaya Small has resigned from her post as AVP – Research, effective August 21, 2020. Ms Small, however, has discontinued carrying out her duties as of June 26, 2020.
Barita Investments Limited (BIL) has advised of the following Senior Management appointments within the Company: Mrs Judith Najair Vice President – Operations January 2, 2020, and Ms Terise Kettle Vice President – Investment Banking March 2, 2020
Jamaica Money Market Brokers Limited (JMMBGL) has advised that Kwame Brooks, who currently holds the position of General Manager, Trading and Treasury, will assume the additional responsibility/role of Country Treasurer, effective July 1, 2020.
“Kwame is an astute market maker, who is able to extract exceptional returns from capital deployed due to his superior trading instincts, as well as his knowledge and command of the market. Kwame is excellent at connecting the dots quickly, spotting lucrative opportunities and making very profitable business calls. In his new role, Kwame will continue to leverage these strengths to identify opportunities that will maximize the profitability of the country’s treasury solutions in the best interest of our clients and companies in Jamaica,” states JMMBGL.
Jamaica Money Market Brokers Limited (JMMBGL) has advised that Keisha Forbes has been promoted into the role of Chief Country Officer (Jamaica).
“Keisha has served as the Chief Executive Officer of JMMB since November 2014, and she will continue to hold this position. In her role as Chief Country Officer, she will have oversight and responsibility for the Jamaican entities. Keisha has over fifteen (15) years’ experience in the financial sector and holds an MBA in Banking and Finance, as well as a BSc. In Business Professional Management. Keisha is committed to supporting and leading a positive and engaged team and she is guided by her belief that financial partnership with our clients is not just a ‘buzz phrase’ but our entire way of being,” states JMMBGL.
NCB takes steps to support team and customers in light of operational changes and separations
In May 2020, the National Commercial Bank Jamaica Limited (“NCB”) announced that by July 2020, it
would be closing three branches and continuing the roll out of the branch model where cash transactions
are facilitated exclusively via the 24/7 Bank on the Go areas in up to 14 branches.
CEO Bob Blake shared: “We piloted these changes pre-COVID and saw where the migration of cash
transactions to alternative channels resulted in increased capacity of team members, which allowed for
more meaningful connections with our customers and an overall enhanced service experience. Since our
announcement, we have been listening to our customers. We will be improving the Bank on the Go
facilities for our Annotto Bay and Half Moon customers; additionally, the Bank on the Go facilities will
remain to service our customers in Chapelton. We have assigned additional resources in our Customer
Care Centre and branches to better assist our customers in the online banking sign up process. We have
also recently signed agreements with Digicel and Flow, which allow our customers to access our online
banking, online investment, and Quisk solutions free of charge from their mobile devices. In addition, our
Bank on the Go areas are available island-wide 24/7 and allow customers to deposit cash and cheques
and pay utility bills and credit cards free of cost. ”
According to Blake, consultations with NCB’s Staff Association commenced prior to the May 2020
announcement.
“We have had extensive consultations with our Staff Association as we finalized the team changes that
come with these operating model changes. While we have been able to redeploy some team members to
new roles, 121 roles will become redundant beginning July 10, 2020. We have a number of measures in
place to support our team members through this transition, and more broadly to ready our team for the
new normal. Team members leaving the organisation will be able to access career counselling, training in
areas such as software development, agile and digital marketing, seed funding for entrepreneurial
pursuits and their full entitlement of benefits. Every single team member leaving remains a part of our
family and has contributed to NCB’s legacy, and for that, we are forever grateful. Team members that
remain with the organisation will also have access to counselling and will benefit from courses being rolled
out by the organisation’s School of Digital Transformation and Analytics to prepare them for roles in our
new operating model and more generally to thrive in the new economy.”
In closing, Blake shared: We are grateful for every team member and customer. We are still in very
uncertain times and a new normal of constant change is firmly upon us. NCB will continue to make changes
and evolve our business model in order to stay ahead of these unprecedented changes. We remain
committed to elevating the standard of service we deliver to our customers, and remaining resilient and
viable.”