members round-up
Tel:( 876) 920 5050 / 998 JMMB( 5662) Fax:( 876) 926 3685 E-Mail: info @ jmmb. com Website: www. jmmb. com
Corporate Profile: Since its inception, the JMMB Group has established itself as one of the leading brokerage houses in the Caribbean. The Group now offers a wide range of investment solutions, banking, money transfer and insurance services across its subsidiaries in Jamaica, Trinidad & Tobago and the Dominican Republic. Known for its pioneering spirit, the JMMB Group has consistently introduced new products and services to its extensive client base of over 220,000 – individual, corporate and institutional.
Jamaica: The Beginning: The brainchild of the late Joan Duncan, JMMB opened for business in November 1992 as the first Money Market Broker in Jamaica. The vision was to provide great investment opportunities to Jamaicans from all walks of life and companies of all sizes so they could benefit from great returns on safe investments. As Possibility Thinkers, Joan Duncan and co-founder Dr. Noel Lyon, created a company based on love that was committed to serving its clients, team members and shareholders.
Since then, the company has become one of Jamaica’ s largest, securities dealers, with several subsidiaries in Jamaica, including: JMMB Securities Ltd, JMMB Insurance Brokers Ltd, JMMB Merchant Bank Ltd, JMMB Money Transfer( formerly Reggae Money Express), and JMMB Fund Managers Ltd. The JMMB Group, inclusive of its subsidiaries, has over four hundred team members, twelve locations and eleven Electronic Transaction Machines( ETMs), offering dual currency options islandwide to ensure convenient access to a wide client base.
JMMB’ s formula: Vision + Values + Expertise = Phenomenal Success.
Regional Footprint & Business Line Diversification: In line with its 2025 vision, the JMMB Group began its expansion to other Caribbean markets in 1999, through a successful joint venture establishing Caribbean Money Market Brokers( CMMB) in Trinidad and Barbados.
In 2005, as a means of deliberate business line diversification in the region, JMMB acquired 50 % shareholding in Intercommercial Bank Ltd. in Trinidad & Tobago; and in 2013 acquired full ownership of that company, providing JMMB with its first commercial bank. Also in Trinidad & Tobago, in late 2012, the company opened JMMB Investments T & T. Through this new entity JMMB in 2014, concluded the transaction to acquire full ownership of
AIC Securities Ltd. With the conclusion of this acquisition, JMMB’ s portfolio in Trinidad & Tobago was boosted by the inclusion of mutual fund offerings.
While in Jamaica, JMMB in 2012 successfully completed the transaction to acquire the Capital & Credit Financial Group( CCFG). This enabled the expansion of the JMMB Group to include the provision of banking, money transfer and unit trust products to its extensive client base.
JMMB Dominicana opened its doors in 2006 and in October 2007 was officially called JMMB Puesto de Bolsa with a mandate to actively develop the Money Market in one of the largest Spanish-speaking Caribbean islands. The company now boasts two locations in the Dominican Republic; and continues its expansion having recently received regulatory approval for the acquisition of 90 % of the shares of Banco Ahorro y Credito Rio( Banco Rio), through its Dominican Republic subsidiary, JMMB Holding Company Limited. Banco Rio is a savings and loans bank, which is licenced to provide: consumer loans, loans to small and medium enterprises SMEs, commercial loans, credit lines, credit cards, cambio service, savings accounts and certificates of deposit.
JMMB is listed on the Jamaica, Barbados and Trinidad and Tobago Stock Exchanges.
Corporate Citizenship: JMMB takes its role as a socially responsible corporate citizen seriously and this has been the guiding principle and a part of the company’ s DNA, since inception. Hence, structured corporate socially responsible programmes are delivered primarily through the Joan Duncan Foundation, the philanthropic arm of JMMB Group and localized community initiatives executed by team members in the countries in which JMMB operates.
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 E-Mail: info @ jnbs. com Website: www. jnbs. com
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. It is a mutual organisation owned by its members, and run for their benefit, with all holders of shares( mortgage and saving accounts) having one vote. The JNBS mission states,“ We are a mutual
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