KINGSTON, Jamaica, CMC – The Jamaican-based establishment JMMB Worldwide Restricted has gained a securities seller license in Barbados, markings JMMB Group Restricted’s (JMMBGL) newest thrust in diversifying its operations and attaining a extra important presence within the Caribbean.
JMMB Worldwide will initially provide a concise suite of funding options to establishments, companies, and high-net-worth people.
Some merchandise that can be supplied embody JMMB Worldwide Entry, a web-based worldwide brokerage service, service, entry to regional fairness and fixed-income markets, and numerous capital markets options.
The enterprise can be led by Tricia Kissoon, chief govt officer (CEO) of JMMB Investments (Trinidad and Tobago) Restricted, and Michael Jordan, the Barbados-based head of enterprise improvement and govt director.
“We’re persevering with our enlargement into new territories, and we’ve introduced that we’re now licensed to function as a securities firm/seller in Barbados by means of JMMB Worldwide Restricted. As of October 12, we’re up and working in Barbados, and we’re happy about this as a result of we’re now in a position to consolidate throughout the area. We’re completely happy to be within the Bajan market and searching ahead to development in that market and buying some market share in Barbados,” stated JMMB Group CEO Keith Duncan at Thursday’s investor briefing.
JMMB Worldwide instantly owns the 33,213,764 shares of Sagicor Monetary Firm Restricted (SFC) or a 23.44 % stake, and holds different long-term portfolio investments as a part of JMMBGL’s funding administration arm. JMMBGL injected $5.39 billion into JMMB Worldwide throughout the 2023 monetary yr.
JMMBGL is a reporting issuer to the Barbados Monetary Providers Fee regardless of delisting from the Barbados Inventory Alternate in October 2019.
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