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Corporate Movements

Corporate Movements – September 2022

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The Jamaica Stock Exchange Limited (JSE) has advised that at a meeting of their Board of Directors on September 29, 2022, Mr. Julian Mair was re-elected as Chairman of the Board, and Mr. Steven Whittingham was elected as Deputy Chairman of the Board.

The RJRGLEANER Communications Group is pleased to advise of changes in its senior management. The changes announced on Friday by Chief Executive Officer, Gary Allen included, at the CLevel of the Group, the appointment of two Deputy Chief Executive Officers, a Chief People Officer and a change in title to Chief Strategy Officer of its Chief Operating Officer. Mr. Anthony Smith, an experienced business and technology executive joins the Group on October 1 as Deputy Chief Executive Officer — Print and Digital Services, which also places the general management of The Gleaner Company (Media) Limited, GCML under his responsibility. Dr. Claire Grant, the current General Manager for Radio and Television Jamaica, has been appointed Deputy Chief Executive Officer – Broadcast Services and Group Content Development. This includes the General Management functions for Radio, Television, Cable Services, Multimedia services and group-wide content development. Also joining the C-Level members of the team is Ms. Tanya Smith who is named Chief People Officer of the Group, moving from being responsible for only its Human Resources function. Mr. Christopher Barnes, Chief Operating Officer, who has been focused on Group strategic projects since 2019, is named Chief Strategy Officer. He will hand over the operations of GCML, where he was serving as General Manager (Interim) since February, to Deputy CEO Smith. The group further aims to establish an Enterprise Project Management Office, EPMO for oversight of all major projects implemented in the Group. This will be pursued by the Chief Strategy Officer.

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 January 2023

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Victoria Mutual Wealth Management (VM Wealth) announced the appointment of Christine Benjamin as Head of Sales and Client Relations. Benjamin will work closely with Brian Frazer, Deputy Chief Executive Officer, in providing oversight of VM Wealth’s Sales and Client Relations operations. Benjamin is a seasoned investment professional with over 10 years’ experience in investment banking and business development. Her most recent former role was Vice President of Sales and Client Services at Mayberry Investments Limited. With a strong passion for service, Benjamin has a solid background of crafting innovative sales strategies, with a keen focus on sales effectiveness. She earned her MBA in Banking & Finance from the Mona School of Business & Management and also holds an undergraduate degree in International Relations from The University of the West Indies, Mona.

PROVEN Group Limited (formerly Proven Investments Limited), which owns 50.5% shareholding of Roberts Manufacturing Company Limited (“Roberts”), a company incorporated under the laws of Barbados, with the Ansa McAl Group which owns the other 49.5% of Roberts, hereby informs the Stock Exchange that Mr. Jason Sambrano, Managing Director of Roberts will be demitting office effective January 31, 2023, to pursue other interests. The Board of Directors thanks Mr. Sambrano for his stewardship and the contribution he has made over the years. The process of recruiting a new Managing Director is underway and the intention is to fill the position by April 2023. Interim measures for the continued leadership and operational oversight of the business will be implemented during the transition period. Roberts continues to be one of the top manufacturing entities in Barbados, with a footprint spanning more than 15 territories, and ranks in the top 5 exporters and earners of foreign exchange in Barbados.

Mayberry Investments Limited (MIL) hereby advises that by a resolution of the Board of Directors on January 18th 2023, Mr. Konrad Mark Berry has resigned from the post of Company Secretary with effect from January 31, 2023. MIL further advises that Mrs. Janene Shaw has been appointed as Company Secretary with effect from February 1, 2023.

GraceKennedy Limited (GK) has advised that Ms. Allison Mais, Head of Strategic Planning, has resigned from the company effective April 16, 2023. Mr. Andrew Leo-Rhynie, Head of Mergers & Acquisitions, will assume oversight of GraceKennedy’s Strategic Planning portfolio until the post has been filled.

Barita Investments Limited (BIL) has advised of the following senior management changes within the Company:

Miss Terise Kettle has been promoted to the position of Senior Vice President, Investment Banking, effective October 1, 2022. Miss Kettle previously held the post of Vice President, Investment Banking.
Mrs. Sonia Owens has been promoted to the position of Vice President, Treasury & Financial Institutions, effective October 1, 2022. Mrs. Owens previously held the position of Head, Treasury & Financial Institutions.
Mr. Geoffery Romans has been promoted to the position of Senior Vice President, Risk Management, effective December 1, 2022. Mr. Romans previously held the post of Head, Financial Risk-Frameworks & Administration.

Scotia Group Jamaica is pleased to announce the appointment of Sabrina Cooper to the role SVP, Wealth Management & CEO Scotia Investments effective January 4, 2023.

Sagicor Select Funds Limited (SELECT) advises that Mrs. A. Cecile Watson has been appointed as a member of the Board of Directors, effective January 1, 2023.

Sagicor Group wishes to advise that the Board of Directors appointed two (2) new Directors namely Ms. Joanna Banks and Mr. Andre Mousseau as at December 31,2022 . Director Ms. Lisa Lake resigned as at December 31, 2022.

MASSY HOLDINGS LTD advise that Ms. Julie Avey was promoted to the position of Group Executive Vice President People and Culture effective January 01, 2023.

Caribbean Assurance Brokers (CAB) Limited wishes to advise of the promotions of Ms. Shanique Thompson, Chief Financial Officer and Ms. Sequoia Thomas, Marketing Manager effective January 1, 2023.

Paramount Trading (Jamaica) Limited wishes to advise on the departure of Dr. Cecile Dennis, Head of People & Culture, Customer Service &
Marketing and Mr. Vaughn Phang, Chief Operating Officer, effective December 2, 2022 and December 30, 2022 respectively.

 

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Corporate Movements December 2022

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Access Financial Services Limited (AFS) wishes to advise of the appointment of Mr. Hugh Campbell as Acting Chief Executive Officer effective December 10, 2022. Mr. Campbell who has served on the AFS Senior Management team as Manager-Collections & Internal Control since 2016, comes to the assignment with more than 28 years of experience in the finance sector. He holds an MBA from the University of the West Indies, Mona and a first degree in Banking and Financial Services from the University of Technology Jamaica.

tTech Limited is advising the following management changes:
• The resignation of Mr. Damani Brown, Technical Services Manager effective November 30, 2022.
• The appointment of Mrs. Marsha Bucknor to Sales and Marketing Manager effective December 1, 2022.

Scotia Group Jamaica Limited announces the Retirement of Jeffrey Hall, Chair, and the Appointment of Anya Schnoor to be effected December 9, 2022.

The Limners and Bards Limited (LAB) wishes to advise that Mrs. Marlene McIntosh has relinquished her role as Chief Financial Officer effective November 30, 2022. The LAB  also advised that effective November 29 2022 Kimala Bennett will act as Chief Financial Officer pending the appointment of a Chief Financial Officer

Elite Diagnostic Limited (Elite) wishes to advise that Mr. Harvey Levers was appointed Chief Executive Officer of the Company effective July 1, 2022 and that Company Secretary Anna Young has tendered her resignation effective December 31, 2022.

Ms. Patria Kaye Aarons has tendered her voluntary resignation as a director of JMMB Group Limited effective November 11, 2022. Ms. Aarons has taken the decision to resign based on her current professional commitments.

Victoria Mutual Investments Limited (VMIL) wishes to advise that Mr. Davie Martin, Manager, Asset Management, of Victoria Mutual Wealth Management Limited, a wholly owned subsidiary of VMIL, has tendered his resignation, effective October 26, 2022.

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Corporate Movements

JAMPRO’s President Diane Edwards Makes A Career Step Amidst Praise For Achievements

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It is with regret that we advise that President Diane Edwards has given notice that she will not be renewing her contract, which ends December 31, 2022. She has opted instead to pursue her next career opportunities.

Over the last 9 years, under the stewardship of President Edwards, JAMPRO has been perceived by incoming investors as responsive and constantly helpful. Under her leadership, JAMPRO has taken on an enhanced marketing orientation, driven by pro-active team of professionals.

Ms. Edwards has led JAMPRO to be a leading government organization that has provided local and international investors in the tourism, manufacturing, and mining sectors with significant assistance to overcome difficulties as the seek to do business in Jamaica. The Global Digital Services (Business Process Outsourcing) (BPO) industry has moved from 12,000 jobs in 2013 to 54,000 jobs in 2022 through the attraction of new BPO companies and the creation of an ecosystem for multiple expansions across the country. Ms. Edwards and JAMPRO have played important roles in attracting these BPO businesses to assist the Jamaican economy.

Over the period, JAMPRO also commenced the implementation of transformative projects such as the creation of a National Business Portal and the establishment of a National Investment Policy, while advocating for the creation of a cannabis and hemp industry. In addition, the organisation has led the development and implementation of multiple sector strategies geared towards development and growth such as the National Global Digital Services Strategy, the National Manufacturing Strategy and the draft National 4-Year Agribusiness Strategy.

Melanie Subratie, Chair of JAMPRO, expressed her appreciation for the strong relationship she has built with Diane and gratitude for the work they have done together noting that “I have long been a champion of the sterling work done by JAMPRO and as a fellow female leader, I have admired Diane’s transformation of the organisation into a client-centric, results driven agency, leading the cause of the private sector. I am sorry to see her go, but I know that she has led a remarkable team who will continue her stellar work. There is no doubt in my mind that the Jamaica BPO industry would not exist in its current form without the work of Diane and her team at JAMPRO. They literally built an industry from the ground up.”

Senator the Honourable Aubyn Hill, Minister of Industry, Investment and Commerce added that “Diane’s endeavours to stimulate export and investment have played a significant role in the growth of the nation’s capabilities. Her management of JAMPRO and contributions to Jamaica’s economic development will be remembered.”

The Chair of JAMPRO advised that “I will continue to work closely with Diane, who is keen on supporting the process, to ensure a smooth and seamless transition. The role of the President of JAMPRO is vital to nation building and all efforts will be made to source the best talent over the next 3 months.”

The JAMPRO Board, supported by its Human Resource Committee, will immediately begin the process to recruit a new President.

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Corporate Movements October 2022

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NCB Financial Group Limited (NCBFG) is pleased to advise of the appointment of Mr Ian Chinapoo as Chief Executive Officer (CEO) and Director of its major Trinidad and Tobagonian subsidiary, Guardian Holdings Limited (GHL) effective October 1, 2022.

Dolla Financial Services Limited is pleased to announce the appointment of Mr. David Henriques to the post of CEO, Ultra Financier Limited. David comes to us with over 10 years of experience in Sales, with expertise in targeting high-net-worth clientele. His appointment is effective November 1, 2022.

Executive Announcement of Appointments Maia Wilson and Gabrielle O’Connor at SCOTIA GROUP JAMAICA LIMITED
This is to advise the appointment of Maia Wilson to the role Vice President, Senior Legal Counsel & Corporate Secretary which took effect October 1, 2022.
Maia joined the Scotia Group in 2017 as Director, Legal Counsel and Assistant Company Secretary. She is an Attorney at Law with over 15 years in practice and worked as a Solicitor in England before returning to Jamaica. During her career Maia has worked at distinguished law firms, and in the Telecommunications industry before joining the Scotia Group. She is very customer focused and has led several initiatives resulting in improved processes and operational efficiency across the Scotiabank Group. Maia is passionate about environmental issues and as such launched and chairs the Caribbean Chapter of the Environmental & Climate Action Employee Resource Group.

We also advise the appointment of Gabrielle O’Connor to the role of VP, Finance & Chief Financial Officer which took effect on October 10, 2022.
Gabrielle is an experienced finance professional with over 20 years working experience in the banking and investment brokerage industry. She joined the Scotiabank team in 2011 as Manager Treasury Accounting and assumed more senior roles thereafter. In her most recent role as Senior Manager Finance & Chief Accountant, she led the financial and regulatory reporting units for the Bank with oversight for the Scotiabank Group, and provided strategic support to the executive management team. She is a CFA charter holder and a fellow of both the Association of Chartered Certified Accountants and the Institute of Chartered Accountants of Jamaica. She holds a Masters in Business Administration from the University of Manchester and a Diploma in Business Administration (Honours) from the University of Technology.

EduFocal Limited (LEARN) advises of the appointment of our new Education Director Tianka Scott-Morrison effective October 3, 2022. Tianka Morrison is a results-driven international educator and instructional leader with progressive experience optimizing the quality of learning for children. She is a trained and experienced Montessorian with a passion for alternative educational methodologies. Over the past 9 years, her career has taken her from Jamaica to the United States and Africa. She has demonstrated success in collaborating with stakeholders to assess instructional program effectiveness and develop and implement curriculum improvement strategies. She believes affirmatively that every child can learn and will learn with the right methodology.

Dolla Financial Services Limited is pleased to announce the appointment of Ms. Deveta McLaren as Chief Strategy Officer for the Company. Her appointment is effective October 3, 2022.

NCB Financial Group Limited (NCBFG) is pleased to advise of the appointment of Mr Ian Chinapoo as Chief Executive Officer (CEO) and Director of its major Trinidad and Tobagonian subsidiary, Guardian Holdings Limited (GHL) effective October 1, 2022.

MASSY HOLDINGS LTD. wishes to advise that pursuant to Section 64(1)(b) of the Securities Act, 2012 that Mr. David O’Brien was appointed as Executive Vice President Global Expansion, effective October 01, 2022.

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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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