February 21, 2024
JMMB Group Limited (JMMBGL) has advised that its Trinidad and Tobago financial entities are now indirectly controlled by JMMB Financial Holdings Limited which is the financial holding company of JMMBGL licenced by the Bank of Jamaica as required under the Banking Services Act (2014). The Trinidad and Tobago financial entities of the JMMB Group are now controlled by Jamaica Money Market Brokers (Trinidad and Tobago) Limited which is in turn controlled by JMMB Financial Holdings Limited which is in turn controlled by the ultimate parent JMMB Group Limited. The change was effected via an amalgamation which was effective as of January 31, 2024, and its effective date was received from the Trinidad and Tobago Companies Registry on February 16, 2024.
JMMBGL has also advised that Director, Mr. Hugh Duncan will retire from the Board and its subsidiary JMMB Financial Holdings Limited effective March 31, 2024. Mr. Duncan will continue to serve on the Boards in Trinidad and Tobago, including JMMB Bank (T&T) Limited and its subsidiary, JMMB Express Finance (T&T) Limited.
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