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Corporate Movements

Corporate Movements – September 2022

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Access Financial Services Limited (AFS) wishes to advise of the resignation of Ms. Deveta McLaren, Manager-Sales & Marketing effective September 30, 2022. AFS would like to take this opportunity to thank Ms. McLaren for the diligence with which she executed her responsibilities and her dedication to the company during her tenure.

PARAMOUNT TRADING (JAMAICA) LIMITED – APPOINTMENT OF HEAD OF PEOPLE & CULTURE, CUSTOMER SERVICE AND MARKETING
Upon the departure of Ms. Maxine Hutchinson on 26th August, 2022, Paramount Trading (Jamaica) Limited on-boarded a Head of People & Culture, Customer Service and Marketing, Dr. Cecile Dennis, to lead the development of people and culture. Her appointment took effect 8th September, 2022.

Key Insurance Company Limited (the Company) is pleased to announce that Mrs. Nichole Case and Mrs. Ashley-Ann Foster Horne were appointed to the Board of Directors of the Company at a meeting held on September 7, 2022.

Barita Investments Limited (BIL) has advised of the appointment of Mr. Ian Anderson to the position of Vice President, Information Technology within the Company, effective  August 1, 2022.

Carreras Limited (CAR) has advised that Ms. Daidrey Miller will be joining the Company in the role of HR Business Partner effective August 15, 2022.

Victoria Mutual Investments Limited (VMIL) has today announced the following changes to its talent pool in line with its robust strategic plan and bold business targets:
Effective September 1, 2022, Mr. Brian Frazer, CFA joins the VM Group as Deputy Chief Executive Officer at Victoria Mutual Investments Ltd and Victoria Mutual Wealth Management Limited. Brian will work closely with Rezworth Burchenson, Chief Executive Officer in accelerating the implementation of the organisation’s bold strategic objectives.
Brian has vast experience in trading, treasury, asset management, risk management, operations, and product development. Brian also has experience developing the strategic direction for investment management and product development for mutual funds, unit trust funds and institutional asset management business lines across the English-speaking Caribbean. Brian has led investment management teams which had responsibility for the management of assets of over US$1.9 Billion on behalf of unit trust funds, mutual funds, pension funds, corporate clients, and individual investors across the region.
Brian earned his undergraduate degree in Accounting and Economics at the University of the West Indies and has received professional training in accounting, asset/liability, and risk management both locally and overseas. Brian is a Chartered Financial Analyst (CFA) Charterholder and is a member of the CFA Institute. He is the founding President of CFA Society Jamaica and currently serves as a Director and the Chair of the Membership Committee of the Pension Industry Association of Jamaica. Brian was also a director of the Caribbean Alternative Investments Association.

GraceKennedy Limited (GKL)Appointment President & CEO – First Global Bank Limited: Radcliffe Daley GraceKennedy Limited (GKL) has advised of the appointment of Mr. Radcliffe Daley as the President & Chief Executive Officer of First Global Bank (FGB) Limited, effective September 1, 2022.
Mr. Daley has been acting in the role since July 18, 2022, following the resignation of Mrs. Mariame McIntosh Robinson from the post. Mr. Daley has over thirty (30) years’ experience in retail, corporate and investment banking. He is supported in the role by FGB’s strong and experienced management team and its Board of Directors, which continues to be chaired by Mr. Peter Moses.

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Corporate Movements

Corporate Movements – August

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Michelle Wright has been promoted to the role of VP CFO & CAO, Caribbean North & Central, effective August 15, 2022. Michelle will continue to have a dual role as the CFO for Scotia Group Jamaica Limited until the CFO role in Jamaica is filled. Michelle is an experienced banker with over twenty (20) years in accounting and financial management. She joined the Bank of Nova Scotia Jamaica Limited as a Business Banking Officer at the King Street Branch and she then went on to several progressively senior roles, and also spent some time with Wealth in Scotia Investment Jamaica Limited as CFO.

WISYNCO Group Limited (WISYNCO) is pleased to announce the appointment of Mr. Sean Scott to the position of Deputy Chief Executive Officer effective August 24th, 2022.

Carreras Limited (CAR) has advised that Ms. Daidrey Miller will be joining the Company in the role of HR Business Partner effective August 15, 2022.

GraceKennedy Limited (GK) has advised of the appointment of Mrs. Vanessa Rizzioli to the Board and a member of the Corporate Governance & Nomination Committee effective July 28, 2022.

Productive Business Solutions (PBS) has advised that Mr. Brian Wynter was appointed as an independent member of the Audit Committee of Productive Business Solutions Limited, effective August 8, 2022.

The Jamaica Stock Exchange (JSE) has advised that the Board of the Jamaica Stock Exchange, at its Board Meeting held on July 20, 2022 appointed Mrs. Kerry-Ann McKoy Tulloch as a Director effective July 20, 2022.

 

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Corporate Movements

Corporate Movements – May 2022

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Following a Board Meeting held by SSL Venture Capital Jamaica Limited (SSLVC) on May 26, 2022, SSLVC has advised of the following resignations from the Board of Directors of the Company:

Mr. Zachary Harding effective May 26, 2022;
Mr. John Jackson effective May 26, 2022;
Ms. Christine Birch effective May 26, 2022;
Mr. Brent Ciurlino effective May 26, 2022.
SSLVC further advised that Mr. Jeffrey Cobham also resigned as Director and Chairman of the Board effective May 26, 2022 and Mr. C. Leopold Nesbeth was appointed Director and Chairman of the Company with immediate effect. Mr Zachary Harding also demitted the office of CEO of SSLVC effective the same date, and Mr Anthony Dunn has demitted the office of Chief Operations Officer (COO). For clarity, Mr Harding and Mr Dunn remain in their respective roles in the SSL Group (which is no longer a related party to SSLVC).

During the same Board Meeting, the following individuals were also appointed to serve as Directors of the Company:

Mr. Dino Hinds;
Mr. Robert Barnes;
Ms. Christine E. Johnson Spence;
Mr. Anika N Jengelley.
The Board decided that the company will hold an Extraordinary General Meeting on 13th of June 2022 at 10:00 am to consider changing the company name.

AspireSec Limited will continue to serve as Company Secretary. SSLVC thanks the outgoing managers and board members for their service to the Company.

Carreras Limited (CAR) wishes to advise that Ms. Cammeca Cookhorn has resigned her position as Legal and External Affairs Manager, effective 31 May 2022.

Seprod Limited informs that Ms. Tricia Hill, Country Manager, Trinidad & Tobago resigned effective May 4, 2022. Ms. Hill joined the Seprod Group in 2016 and provided creditable service during her tenure. The Board, Management and Staff thank Ms. Hill for her contribution and wish for her success in her endeavors.

Caribbean Producers Jamaica Limited is pleased to announce the appointment of Todd Stromme as the Chief Executive Officer of the Company, effective June 1, 2022. In this role, he will be responsible for overseeing all activities of the Company, including Jamaica, St. Lucia, and any other future subsidiaries. Todd has extensive experience in the Foodservice industry. He has a proven track record with over 30 years of Senior and Executive Management and leadership within Food Service companies. Before being appointed CEO of Caribbean Producers Jamaica, Todd served as the President & Corporate Executive at Nicholas & Company in Las Vegas. Todd also served as VP of Sales and Marketing for Food Service of America. Todd prides himself on being flexible, organized, and a highly motivated self-starter that is passionate about moving the business forward. Todd Stromme holds a Bachelor’s degree from UNLV Lee Business School

Guardian Holdings Limited (“GHL”) wishes to advise that Mr. Ian Chinapoo has been appointed as Chief Executive Officer of GHL effective October 1, 2022.

GHL is pleased to advise that Mrs. Samanta Saugh has been appointed in an acting capacity as Group Chief Financial Officer with effect from May 15, 2022.

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.

Barita Investments Limited (BIL) has advised of the following Senior Management appointment within the Company: Mr. Geoffery Romans was appointed Head, Financial Risk – Frameworks and Administration effective May 2, 2022. In this role, he will be responsible for ensuring the adequacy of risk models and processes to support the governance, identification, measurement, and monitoring of financial risks across the Group. Mr. Romans has over 10 years of extensive executive management and governance experience with emphasis on the areas of market and liquidity risk management together with treasury operations and general asset-liability management. Mr. Romans previously served as Regional Director of Market Risk Management at Scotiabank with a remit which spanned the territories across the English-speaking Caribbean where he held principal responsibility for ensuring that business strategies and initiatives were executed in compliance with internal and regulatory risk governance frameworks. He holds an MBA from Heriot-Watt University, a BSc. in Actuarial Science from the University of the West Indies, and is an Associate of the Society of Actuaries.

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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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Businessuite News24

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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