Nov 2014 Financial News

New JMMB country head to drive strategy for Jamaica

Nov 05, 2014

Keith Duncan, who up to now has been both group CEO of JMMB Group and country head of Jamaica, has now assigned the latter role to Kisha Anderson, the former head of investment services at JMMB Limited.

Anderson, who has served JMMB for 19 years, will as of November 1 drive the strategy for Jamaica while overseeing all local subsidiaries, whose heads will report directly to her.

The one exception is the general manager for Capital and Credit Remittance Ltd (Reggae Money Express).

Anderson herself will report directly to Duncan, who retains the title of CEO of JMMB Group Limited.

On Tuesday, Duncan told Wednesday Business that given the growth in the group's size, "it has become imperative that a separate country head for Jamaica be appointed," adding that his own role and focus will remain on "leading the strategic direction and management of the group".

JMMB Group grew assets to $207 billion at year end March 2014. Its operations span markets in Jamaica, Trinidad & Tobago and Dominican Republic.

"Jamaica is JMMB's starting base, so to speak," from which it has moved into regional markets, said Duncan.

The country manager for JMMB Dominican Republic is Guillermo Arancibia, who has been in that role since 2007.

A country head for Trinidad is still to be named.

The operations to be overseen by Anderson include a merchant bank, the money market operation, an insurance brokerage, a fund management operation and securities dealership.

Her previous job now falls to the head of trading and treasury, Keisha Forbes, whose appointment also took effect on November 1.

Anderson started out at JMMB as clients services officer. She entered the field with a degree in environmental sciences from the UWI Mona and has developed an in-depth understanding of the company's financial operations, Duncan said in the company release.

Source:
business@gleanerjm.com
Jamaica Gleaner
Wednesday November 5, 2014

http://jamaica-gleaner.com/gleaner/20141105/business/business22.html