Capital & Credit Merchant Bank Ltd
President & Chief Executive Officer: Mr. Curtis A. Martin
6 - 8 Grenada Way, Kingston 5, JAMAICA
Tel: (876) 960 5320, Fax: (876) 960 1381
Capital & Credit Merchant Bank Ltd (CCMB), now in its 15th year of operation, remains the flagship company of the five-member Capital & Credit Financial Group of Companies (CCFG). Primarily engaged in Merchant and Investment Banking, CCMB since its genesis in 1994, has moved from being the smallest merchant bank operating in Jamaica, to becoming the leader among its peers. CCFG also comprises a wealth management arm, Capital & Credit Securities Ltd (CCSL)a member of the Jamaica Stock Exchange (JSE) and a primary dealer of Government Securities;Capital & Credit Fund Managers Ltd. (CCFM); Capital & Credit Remittance Ltd- a money transfer services company and Capital & Credit International Inc, a US NASD registered broker dealer based in Florida. CCMB continues its commitment to the people and future of the Caribbean and the Diaspora through the provision of superior products and services and its role as a Good Corporate Citizen. With (120) employees and operations in Jamaica’s major business – Kingston, Montego Bay and Ocho Rios, CCMB is the first Jamaican Merchant to record over US$36M in Shareholders’ Equity and the first to be listed on the JSE and the Trinidad &Tobago Stock Exchange (TTSE). After a restructuring exercise in May 2008, CCFG Ltd was listed on the JSE and TTSE, while CCMB is now only listed with Preference shares. As at December 31, 2008, CCMB recorded total Audited Assets Under Management of US$326.92 million and a consolidated group achievement which includes CCSL and CCFM- (both licensed by the Financial Services Commission) of US$584.28 million.
First Global Bank Limited
Acting President: Mr. Courtney Campbell
Sagicor Centre, 28-48 Barbados Avenue
Kingston 5, JAMAICA
Tel: (876) 929 3383/6, Fax: (876) 929 3654
First Global Bank Limited (FGB), a wholly-owned subsidiary of Grace Kennedy, began operations under its current name in January 2001. It has (3) branches in Kingston, (1) in Montego Bay and (1) in Mandeville. FGB continues to distinguish itself by providing value-added commercial banking products and services to Caribbean people worldwide, through its debit card services; online banking facilities; certificates of deposit; chequing and savings accounts; foreign exchange trading and corporate and retail lending, including loans and credit cards. The Bank’s mission is “To satisfy the unmet financial services needs of Caribbean people.” With its head office located in the heart of Jamaica’s business capital, FGB is currently staffed with just over (200) employees and had an asset base of approximately US$407 million, as at December 2008.
Intertrade Finance Corporation Limited
Chief Executive Officer: Mrs Joan Powell
Vice President: Mr Leroy Paul
23 Barbados Ave., P.O. Box 533, Kingston 5, JAMAICA
Tel: (876) 920 0402/4, Fax: (876) 920 0105
Intertrade Finance Corporation Limited is a privately owned financial intermediary which was incorporated in Jamaica in April 1995 and commenced operations in June 1995. It is regulated and supervised by the Central Bank of Jamaica and the Financial Services Commission. It is ranked within the top five non-bank financial institutions. The company is known for its innovativeness; it is the first financial institution in Jamaica to develop a corporate bond. Its principal activities include funds management in all the major currencies, international trade, trading in securities and foreign currency trading. The company is a Securities Dealer and acts as a broker in government instruments such as Treasury Notes/Bills and Bonds. Since the start of its operations in 1995, the company has grown and as at June 2009 had over US$20 million funds under management and assets of US$12.5 million.
Jamaica Money Market Brokers Limited (JMMB)
Group Chief Executive Officer: Mr. Keith Duncan
Group Executive Director: Mrs. Donna Duncan-Scott
Group Executive Director: Mrs. Patricia Sutherland
6 Haughton Terrace, Kingston 10, JAMAICA
Tel: (876) 920 5050/998-JMMB (5662)
Fax: (876) 926-3685
Jamaica Money Market Brokers Limited (JMMB) has, since inception, established itself as the leading money market broker in the Caribbean. Known for its pioneering spirit, the company has consistently introduced new products and services to investors and empowered all its clients, both individual and institutional. The brainchild of the late Joan Duncan, JMMB opened for business in November 1992 as the first money market broker and dealer in Jamaica. The vision was to provide investment services to a wider cross section of Jamaican people. Since then JMMB has established (2) subsidiaries. JMMB has over 300 team members across (8) branches and (8) electronic transaction machines (ETM) island-wide to ensure convenient access to over 120,000 clients. The JMMB Group began its expansion to other Caribbean Markets in 2002, through joint ventures, and has become successful active players in Trinidad and Tobago with Caribbean Money Market Brokers (CMMB) Ltd and its equities arm CMMB Securities Limited (CMMBSL). Similar ventures have also been established in Barbados and Saint Lucia. In 2005 JMMB also established a joint venture with Intercommercial Bank Ltd. in Trinidad and Tobago. In keeping with its Vision 2025, JMMB’s strategic expansion continued in October 2007 with the official opening of JMMB BDI America in the Dominican Republic. In 2009, JMMB operations in Dominican Republic acquired an Investment Bank to deliver a wider suite of products and services and deepen market share. Thus proving once again that the formula, Vision + Values + Expertise = Phenomenal Success. JMMB’s audited asset base as at March 2009 was $US1.3 billion.
Jamaica National Building Society
General Manager: Mr. Earl W. Jarrett
2-4 Constant Spring Road.
Kingston 10, JAMAICA
Tel: (876) 926 1344- 9/926 1600/3
Fax: (876) 968 6596/926 7661
The Jamaica National Building Society, “The Society”, was established in 1874 under the name Westmoreland Building Society. The Society is licensed in Jamaica under the Building Societies Act and the Bank of Jamaica (Building Societies) Regulations 1995 and is a mutual organisation, owned by its members, and is run for their benefit with all holders of shares (savings accounts) having one vote. JNBS’ mission states, “We are a mutual organisation satisfying our members and customers with a competitive range of savings, mortgage loans, financial and other services, directly and through our subsidiaries.” JNBS is the leading building society in Jamaica and the Caribbean and remains the third largest financial institution in Jamaica in terms of its assets, capital base and savings among local commercial banks, building societies and licensees under the Financial Institutions Act, for the financial year ended March 2009. The Society provides home loans, savings accounts, trades in foreign currencies and facilitates international money transfers. The Society has an extensive distribution network with (984) staff members, (38) ATMs, (24) branches, and (7) money shops in Jamaica as well as Overseas Representative Offices in the USA, Canada and the UK. The parent of a diverse group, JNBS has (12) subsidiaries including JN Small Business Loans Ltd., Management Control Systems, JN Finance Ltd., JN Money Services Ltd., NEM Insurance Co. (Ja.) Ltd., National Building Society of Cayman and JN Fund Managers Ltd., which has funds under management of US$182.9 million. As at March 2009, JNBS’ audited asset base was US$879 million and JNBS Group audited asset base was US$1.21 billion.
