Special Advisory: NCB Financial Group (NCBFG)

July 29, 2019

 

NCB Financial Group (NCBFG) has advised of the following leadership changes at its major Jamaican banking subsidiary, National Commercial Bank Jamaica Limited (NCBJ), effective August 1, 2019:

  • Septimus Blake will take office as Chief Executive Officer (CEO) and a Director of NCBJ;
  • Malcolm Sadler will assume responsibilities as Chief Financial Officer (CFO) of NCBJ;
  • Patrick Hylton, CD will cease to be CEO of NCBJ, while remaining a Director of both NCBJ and NCBFG, and President & Group CEO of NCBFG;
  • Dennis Cohen will cease to be CFO and Deputy CEO of NCBJ, while remaining a Director of both NCBJ and NCBFG, and Group CFO and Deputy CEO of NCBFG.

 

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 effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

2019-07-29T20:43:05-05:00