Sep 2008 Financial News

Back in the fold

Sep 05, 2008

Michelle Wilson-Reynolds has returned to Capital and Credit Financial Group in a 'senior' role, reconnecting with the company that, while she was gone, underwent a reconstruction and shifted from private ownership to a publicly listed company.

Two years ago, when Wilson-Reynolds left CCFG to work with Victoria Mutual Building Society, she was the company's vice-president for marketing and corporate affairs of the merchant banking arm.

She returns as senior vice president for marketing and corporate affairs.

Her resignation from VMBS took effect August 31, a day later, she took up office at CCFG.

"I couldn't resist the invitation to return to the fold," Wilson-Reynolds told the Financial Gleaner following the announcement, adding that she was wooed back by chairman and group president, Ryland Campbell.

Campbell said he needed the right talent to implement CCFG's marketing strategies.

"We needed to strengthen this part of our business because it was sort of thin," he said. "We wanted a more strategic person to think and look at things internally and put things to us to do. That's part of what we missed when she left."

Select grouping

The addition of 'senior' to her title places Wilson-Reynolds among a select grouping whose members report directly to the head of the stream.

"She now reports to me," Campbell confirmed.

Her added responsibility includes corporate events in both the local and overseas companies of the group, and inclusion in the crafting of corporate strategic and operational plans in each of the companies, including, said Campbell, the remittance businesses in Cayman and Jamaica.

Wilson-Reynolds is also to be included in the decision making process where there are possible joint ventures, and will take on the administrative management of the proposed Capital and Credit Foundation.

Before leaving CCFG, Reynolds' focus was largely on the merchant bank and the securities arm.

She told the Financial Gleaner that her job at VMBS, a mortgage company with a wealth arm, was to reposition the company and make it relevant.

"I achieved that. The results were a 180 per cent growth," she said.

"I refused to compete on rates alone and added value to the products."

Wilson-Reynolds' original background is in journalism. She worked at RJR before moving to Red Stripe to work in public relations.

Her next move was to the former Trafalgar Development Bank where she was the marketing and business development officer for six years, before branching out on her own business.


Source:
The Jamaica Gleaner
Friday September 5, 2008
http://www.jamaica-gleaner.com/gleaner/20080905/business/business3.html