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Corporate Movements

Corporate Movements – May 2022

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GHL is pleased to announce some very significant changes to our organization structure that has recently been approved by the Group Board. These changes relate to the creation of the new position of Group Head of Life, Health and Pensions (“LHP”). The mandate of this new role is to ensure the promulgation of best practices across Guardian Life of the Caribbean Limited and Guardian Life Limited as well as to oversee the consolidation of the back offices of these LHP subsidiaries.

It is with great pleasure that GHL informs you that Mr. Eric Hosin, who presently holds the position of President, Guardian Life Limited will be appointed to the position of Group Head of Life, Health and Pensions and Ms. Meghon Miller-Brown will be appointed to the position of President, Guardian Life Limited. Both of these appointments will be effective June 1st, 2022.

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Corporate Movements

Corporate Movements at Barita Investments

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The Board of Barita Investments Limited (“Barita” or the “Company”) has advised of senior management changes in keeping with the Company’s succession planning programme. The changes are meant to further strengthen Barita’s organizational structure, risk management and governance, significantly bolster executive leadership of the core business, and deepen sales and service capabilities. The Company has been deliberate with its talent acquisition strategy over the last three (3) years with a focus on talent who are able to take on various roles within the Barita group. These changes augur well in advancing the initiatives aimed at continuing to challenge the status quo in the capital markets to ultimately create and sustain stakeholder value.

Accordingly, Mr. Dane Brodber will be appointed as Interim Chief Executive Officer with effect from May 7, 2022. Dane was appointed Chief Risk Officer of the Cornerstone Group effective November 1, 2019, and has had oversight responsibility for the risk function of Cornerstone and its subsidiaries inclusive of the Barita group.

Dane has over 18 years of experience in the financial services industry, with expertise in risk management, strategy, business intelligence, and financial analysis. Dane previously served as Regional Director, Market Risk Management with Scotia Bank where he worked for over 12 years. Dane earned undergraduate degrees in Mechanical Engineering and Economics & Business from Lafayette College and an MBA from the University of New Orleans. He also holds the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), and the Financial Risk Manager (FRM) designations. Dane is the current President and founding Vice President of CFA Society Jamaica.

Effective May 7, 2022, Mr. Stephen Phillibert, Chief Financial Officer of the Cornerstone Group, will assume responsibility for Barita’s Operations function in addition to his existing oversight of the Finance function of the Cornerstone Group. Mr. Phillibert has over 25 years combined experience in the areas of finance, strategy, general management, and mergers and acquisitions. He holds an MBA from the University of Toronto, an undergraduate degree in Accounting from the University of the West Indies as well as the Chartered Financial Analyst designation.

Mr. Ramon Small-Ferguson, who was recently promoted to Executive Vice President consistent with the Company’s succession planning programme, will take on an expanded role in support of the incoming Interim CEO. Effective May 7, 2022, Ramon will have oversight of the revenue generating arm of the business; to include asset management and research, investment banking, treasury management, and alternative investments.

Ramon has extensive experience in investment management and prior to joining Barita, he held the position of Chief Investment Strategist and Head of Research at the Jamaica National Group. Ramon holds the Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), and Financial Risk Manager (FRM) designations. He also holds a Bachelor of Business Administration (BBA), Finance & Marketing (Hons) from the University of Technology, Jamaica and is currently a Graduate Student at NYU Stern Business School where he is pursuing a Master of Science in Quantitative Management.

Mrs. Paula Barclay, General Manager of Barita, has tendered her resignation effective May 6, 2022, after a 3-year tenure with the organization. On joining Barita, Paula initially had responsibility for driving the Company’s business development and customer experience strategies and initiatives. In December of 2019, she assumed responsibility as head of business and in her expanded role she oversaw a period of significant development of the Company. Under her leadership, Barita registered transformational growth in its market share across several business lines including investment banking, asset management, stockbrokerage services, and cambio trading.

The foregoing key achievements were enabled by the significant strengthening of the depth of human capital across the organization, the establishment of best-in-class policies and an enterprise risk management framework, streamlining of key processes and structures across the business, and the re-imagining of the marketing and business development thrust of the Company that has revolutionized the presence, appeal, and connection of the market with Brand Barita. The Chairman, Board, management and staff of the Company would like to extend their thanks and appreciation to Mrs. Barclay for her stellar stewardship, and wish her all the very best as she embarks on the next phase of her journey.

Mr. Junior Graham, Vice President Information Technology, has tendered his resignation effective April 30, 2022. Mr. Dave Dixon joined Barita on February 28, 2022 from Scotia Bank as Senior Vice President, Sales and Services, and has taken on the mantle from Mrs. Barclay with regards to executive responsibility for retail sales, including the Company’s branch network together with overall customer experience oversight. Mr. Dixon is a Retail and Investment Banking professional with over twenty (20) years of experience in the financial services sector.

Ms. Sancia Thompson, formerly of the NCB Financial Group, joined Barita on February 28, 2022 as Vice President, Premium Wealth and Corporate Solutions. These roles previously reported in to Mrs. Barclay. Ms. Thompson has over 20 years of experience as a finance professional with a solid history of success in delivering results through consultative sales processes and financial advice.

Mr. Nigel Sinclair, formerly of the GraceKennedy Group, joined Barita on January 17, 2022 as Head of Asset Management. In that capacity, Nigel has taken over executive leadership of the fiduciary management aspects of the business, to include the investment management oversight of the suite of unit trust and pension products offered by the Company.

The Chairman and Board welcome the new appointees and look forward to the management and staff continuing to create sustainable value for all our key stakeholders.

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Corporate Movements April 2022

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Spur Tree Spices Jamaica Limited (Spur Tree Spices) has advised of the resignation of Executive Director Dennis Hawkins from its Board of Directors and of the appointment of Mr. Stephen Ricketts to the Board of Directors effective April 19, 2022.

tTech Limited announced the appointment of the following Senior Managers:
(i) Mrs. Marsha Bucknor – Manager, Sales & Customer Experience effective July 12, 2021
(ii) Ms. Moneshe Hutchinson – Human Resource Manager effective April 1, 2021.

Supreme Ventures Limited is pleased to announce the appointment of Ms. Maria Walters to the post of Senior Vice President – Finance. Maria comes to us with more than 18 years’ experience in accounting, financial management, and administration, offering a rich background within diverse industries in the USA and the Caribbean. Her appointment is effective on April 4, 2022.

Mr. Norris Clarke has been promoted to the position of Chief Financial Officer (CFO) having joined LASCO Financial Services Limited as Group Financial Controller in October 2O2O. This promotion takes effect on April 1,2022.

he Board of Directors of the Community & Workers of Jamaica Co-operative Credit Union Limited advises the JSE and its shareholders of the retirement of the Chief Executive Officer, Mr. Carlton Barclay, effective March 31, 2022, and the appointment of a new Chief Executive Officer, Mrs. Joyce West – Johnson, effective April 1, 2022.

Mrs. West – Johnson, a Chartered Accountant, has been employed at the Credit Union for over twenty – six years and has amassed a wealth of experience from her exposure, work and responsibilities in various positions, including Chief Financial Officer, Assistant General Manager, Chief Operating Officer and Acting CEO. She has demonstrated dedication and commitment to the credit union movement over the years and in particular, to the C&WJ Co-op Credit Union Limited. The Credit Union looks forward to a continued vibrant and prosperous future under her leadership.

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Steven Whittingham Appointed Deputy CEO, GKFG

“Steven is a tremendous asset to GK, having joined our Group in 2013 with an impressive track record in investments and economics. Over the past nine years, his role has expanded considerably, and he now leads several aspects of GKFG’s operations. Steven has risen to every single challenge, and I am confident that he will achieve similar results going forward. The best is yet to come for GK, and I look forward to continuing working with Steven and our other Executives, as we advance our strategy and work towards achieving GK’s 2030 vision. Steven’s ongoing leadership, especially his pivotal role in our digital transformation agenda, will be critical to achieving that vision,” said GK Group CEO, Don Wehby.

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CEO of the GraceKennedy (GK) Group and Chairman of the GK Financial Group (GKFG) Don Wehby has announced the appointment of Steven Whittingham as the new Deputy Chief Executive Officer of GKFG, effective April 1, 2022. In his new role Whittingham will assume a greater leadership role at GKFG in line with GK’s robust succession planning strategy.

“Steven is a tremendous asset to GK, having joined our Group in 2013 with an impressive track record in investments and economics. Over the past nine years, his role has expanded considerably, and he now leads several aspects of GKFG’s operations. Steven has risen to every single challenge, and I am confident that he will achieve similar results going forward. The best is yet to come for GK, and I look forward to continuing working with Steven and our other Executives, as we advance our strategy and work towards achieving GK’s 2030 vision. Steven’s ongoing leadership, especially his pivotal role in our digital transformation agenda, will be critical to achieving that vision,” said GK Group CEO, Don Wehby.

Expressing enthusiasm about his new role, Whittingham commented, “It’s already been a special year at GK as we have been celebrating our 100th anniversary, and this enhanced role has of course added to the excitement for me. I am happy to be able to make my own contribution to the future of the Group as we look towards the next 100 years! I am particularly excited about the launch of our new GK ONE mobile app later this month, which is a critical milestone in the continued development of GK’s offerings in the digital space. The build out of our insurance and investment businesses also remains high on our agenda, and this year is on pace to be another great one for those respective units. The GKFG team is outstanding, and I take this opportunity to thank them for all their support over the years. We have a bright future ahead!”

Whittingham joined the GK Group as President of First Global Financial Services Limited (FGFS). He has also served in the role of Managing Director of GK Capital Management and Chief Investment Officer of the GK Group. He holds a BSc in Systems Engineering and BA in Economics from the University of Pennsylvania and received his MBA from the Harvard Business School.

As GKFG’s Deputy CEO, Whittingham will continue to have direct responsibility for GK’s insurance business locally and regionally, as well as the digital transformation agenda of the entire GK Group. He will continue to report to GKFG CEO, Grace Burnett and serve as a member of GK’s Executive Committee.

Commenting on Whittingham’s new appointment Mrs. Burnett said, “Steven has offered immense support to the GKFG team during his tenure and has proven himself to be an astute leader. This promotion is well-deserved, and I congratulate him on his new role as we continue working together to strengthen GKFG’s position as one of the leading financial groups in the Caribbean and expand our presence in the region.”

The GraceKennedy Financial Group (GKFG) is the financial arm of the GraceKennedy (GK) Group of Companies which offers remittance, bill payment, Cambio, commercial banking, insurance, and investment services through its subsidiaries: Allied Insurance Brokers, First Global Bank, GK Capital Management, GK General Insurance, GK Investments, GK Insurance Eastern Caribbean, GK Life Insurance Eastern Caribbean, Key Insurance and The GraceKennedy Money Services Group. GKFG also includes the Barbados-based SigniaGlobe Financial Group, an associated company of GraceKennedy, and Canopy Insurance, a joint-venture with Musson.

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NCB Financial Group Announces Leadership Development At Major Subsidiary

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NCB Financial Group Limited (NCBFG) announces the resignation of Mr Ravi Tewari – the Group Chief
Executive Officer (CEO) of its major Trinidad and Tobagonian subsidiary, Guardian Holdings Limited (GHL).
Mr Tewari has been instrumental in leading the transformation of the Guardian Group over the past eight
years.
Mr Tewari will demit his post as Group CEO by the end of 2022. He remains excited about the prospects
of the Guardian Group and will continue to play a part as a director on the GHL Board as well as the boards
of certain GHL subsidiaries.
The Board of NCBFG wishes to thank Mr Tewari not only for his expert stewardship over his tenure as
GHL’s Group CEO but also for his unstinting devotion and indelible contribution to the Guardian Group
spanning his career with the Guardian Group of almost 30 years.

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Corporate Movements January 2022

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Everything Fresh Limited is pleased to advised that Mr. Leo Williams has been appointed to the Board of Directors, Audit Committee, Renumeration Committee and as Chairman of the Corporate Governance.

Caribbean Assurance Brokers Limited wishes to advise that Mr Raymond Walker has retired as Chief Executive Officer effective December 31, 2021. Mr Walker will continue to lead as Executive Chairman

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