Special Advisory: NCB Financial Group Limited (NCBFG)

February 13, 2024

 

NCB Financial Group Limited (NCBFG) has advised of the following Board and executive leadership developments:

Management Team

    • Mr. Robert Almeida, previously announced as Interim Group Chief Executive Officer of NCBFG, has been formally appointed Group Chief Executive Officer effective February 9, 2024.

Board of Directors

    • (1) Messrs. Bruce Bowen and Gary Brown were elected to NCBFG’s Board of Directors at the Annual General Meeting (AGM) held on February 9, 2024.
    • (2) Professor the Hon. Alvin Wint, OJ, CD, retired from the Board of Directors at the AGM as he did not offer himself for re-election.

NCBFG has further advised that Professor Wint’s retirement does not relate to any disagreement regarding financial statement disclosures, accounting principles or practices, or any matter impacting the Audit Committee, which he had chaired, or his ability to execute his functions delegated by the Board.

 

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation(s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

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