Aug 2010 Financial News

Guardian Holdings Limited Press Release – GHL Finalizes Sale of GAMJA

Aug 27, 2010

The following press release was received from Guardian Holdings Limited:

Guardian Holdings wishes to announce that on Tuesday, August 17, 2010, Guardian Holdings Limited (GHL), parent company of Guardian Asset management Jamaica Limited completed the sale of 100% of the shares of Guardian Asset Management Jamaica Limited to Proven Investment Limited.

The operations of Guardian Asset Management in Trinidad & Tobago have not in any way been affected by this transaction.

Funds managed on behalf of Guardian Life Limited (GLL) and West Indies Alliance (WIA) in Jamaica will now be managed by an Investment Department within GLL, led by Vice President Michael Parker. GHL’s Group CEO Jeffrey Mack notes that Guardian’s “core businesses continue to be Life, Health, Pensions; Property & Casualty; and Asset Management as we continue to live our Group’s mission to be the number one, integrated financial services institution in the Caribbean.”


Source:
The Trinidad and Tobago Stock Exchange Limited
Friday August 27, 2010