The JMMB Group Limited has advised that effective March 13, 2017, Mr. H. Wayne Powell was appointed to their Board of Directors as well as its subsidiary JMMB Merchant Bank Limited.

• Mr. Richard Byles will retire from office as President and CEO of SJ effective April 30, 2017.  He will continue to hold office as a director of the Company.
• Dr. the Hon R.D. Williams will retire from office as SJ’s Chairman effective June 1, 2017.

• The appointment of Mr. Byles as SJ’s Chairman effective June 1, 2017.
• The appointment of Mr. Christopher Zacca as President and CEO, and a Director of SJ effective May 1, 2017.

GraceKennedy Limited (GK) has advised of changes to the organizational structure of First Global Bank Limited (FGB).

FGB has created the post of Senior Vice President, Technology. Mrs. Nichole Case has been appointed to act in this new role and will report directly to the President and CEO, Mrs. Mariame Mcintosh Robinson. The Technology Department will be responsible for core IT infrastructure and capabilities as well as EBusiness(E-Channels, Innovation and Technology).

FGB has also created the positions of Assistant Vice President, Strategy and Project Management Office and Vice President, Digital Marketing and Communications. As part of the restructuring exercise the post of General Manager was made redundant and Mrs. Paula Barclay will demit office effective March 31, 2017. FGB thanks Mrs. Barclay for her notable contribution to the GraceKennedy Group over the past 18 years.

NCB Financial Group Limited (NCBFG) has advised that the Scheme of Arrangement among National Commercial Bank Jamaica Limited (NCBJ), NCBFG and their respective shareholders has now been completed.  Consequently, the shares of NCBJ has been delisted and the shares of NCBFG have been listed on the Jamaica Stock Exchange (JSE) and Trinidad Stock Exchange, effective March 16, 2017.

Proven Investments Limited (ProvenJA) has advised that simultaneous with the completion of the acquisition of Bank of Saint Lucia International Limited (BOSLIL) effective on Friday, March 10, 2017, PROVEN entered into a Share Sale Agreement with Ryan Devaux, who has been head of BOSLIL since September 2005. Under that agreement, Ryan Devaux acquires 17.18% of the shares of BOSLIL and ProvenJA holds the remaining 82.82%. Proven JA advised that Ryan Devaux will continues in the position as Chief Executive Officer and that the remaining BOSLIL team does not change with the acquisition.

“BOSLIL will continue to offer the same outstanding international banking services,” BOSLIL and Proven stated in their joint statement.

Knutsford Express Limited (KEX) has advised that at the next Board of Directors Meeting to be held on Tuesday, April 11, 2017, the directors will be considering a subdivision of the Company’s shares.

Knutsford Express Limited (KEX) has advised that at the next Board of Directors Meeting to be held on Tuesday, April 11, 2017, the directors will be considering a subdivision of the Company’s shares.

Regional banking experts agree that while the atmosphere is ideal for infrastructural development in the region to boom, continued viability of projects is of utmost importance.

Carreras Limited (CAR) has advised of the establishment of a Corporate Governance Committee of the Board to provide a focussed and structured approach to corporate governance and to align best practices.

The members of the Committee are: Mr. Matthew Hogarth (Chairman), Mr. Eduardo Castañeda, Mrs. Janene Shaw and Mr. Marcus Steele.

KLE Group Limited (KLE) has advised that it would not be in a position to submit its Audited Financial Statements on March 1, 2017, as required. KLE explained that the delay in submission is due to the fact that the Company has to carry out a valuation of its shares and this process would not be completed within the required time frame to meet the March 1, 2017 deadline.

The Company stated that it would be publishing an advertisement in a national newspaper advising shareholders of the delay.

The Company advised that it would be submitting the said financials on or before March 30, 2017.