NCB Financial : NCBFG) Advises Of Changes To Its Board and Subsidiary Boards
January 02, 2024 at 09:11 am EST
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January 2, 2024
9:01 am
NCB Financial Group Limited (NCBFG) advises that Professor the Honourable Alvin Wint, OJ, CD, is due to retire at the upcoming Annual General Meeting (AGM) of NCBFG to be held in February 2024 pursuant to Article 94 of the NCBFG Articles of Incorporation; and he has indicated that he will not seek re-election in order to reduce the scale of his directorships. Professor Wint has also resigned from the Boards of NCBFG's subsidiaries, National Commercial Bank Jamaica Limited (NCBJ), NCB Capital Markets Limited, NCB Insurance Agency & Fund Managers Limited, NCB (Cayman) Limited, NCB Capital Markets (Cayman) Ltd and NCB Trust Company (Cayman) Limited effective December 31, 2023. His resignation is unrelated to any disagreement regarding financial statement disclosures, accounting principles or practices, or any matter impacting the Audit Committees, which he chairs, or his ability to execute his functions delegated by the Board.
NCBFG also advises of the appointment of retired Banker, Mr Gary W. Brown, to the Board of NCBJ effective January 1, 2024. Mr Brown has spent most of his working life in the financial services sector in Barbados and the United States of America. Additional board appointments are expected to follow, including a request for him to be elected as a director of NCBFG at the AGM.
NCBFG takes this opportunity to welcome Mr Brown, as well as to thank Professor Wint for his over 20 years of stellar service to various NCB Boards and wish him well as he transitions into this planned retirement.
NCB Financial Group Ltd. published this content on 02 January 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 January 2024 14:07:48 UTC.
NCB Financial Group Limited is a financial holding company. The Companyâs segments include Commercial & SME Banking, which incorporates the provision of banking services to individual and small and medium business clients; Payment Services, which incorporates the provision of card related and digital/electronic payment services; Corporate & Commercial Banking, which is engaged in the provision of banking services to large corporate clients; Treasury & Correspondent Banking segment that incorporates the Companyâs liquidity and investment management function and relationships with other financial institutions; Wealth, Asset Management & Investment Banking segment, which is engaged in stock brokerage, securities trading and investment management; Life and Health Insurance & Pension Fund Management segment that incorporates life insurance, health insurance, pension and investment management services, and General Insurance, which is engaged in property and casualty insurance services.