Daily Market Summary March 15, 2018
Daily Market Summary 15.03.18 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.
Barita focuses on maintaining growth in their non-interest income revenue streams
March 15, 2018 Barita Investments Limited (BIL) 40th Annual General Meeting was held today, where Chairman, Mrs. Rita Humphries-Lewin, acknowledged the major milestone in the Company’s history. With Jamaica responding positively to the stand by arrangement with the IMF, Mrs. Humphries-Lewin announced that it is against this background that BIL has refined their business model by converting to the unit trust market instead of repurchasing agreements. She however highlighted that repos still available but at a minimum of $1 million. She emphasized that Barita continues to meet the needs of their clients through its diversified suites of unit trust products.
Special Advisory: Sagicor Bank Jamaica Limited (SBJ)
March 15, 2018 Sagicor Bank Jamaica Limited (SBJ) has advised of the following changes in the senior management team of the Company: Sabrina Cooper has been transferred from Vice President - Retail Banking to Vice President - Payments effective October 1, 2017. Michael Willacy has been transferred from Vice President - Corporate & Commercial Banking to Vice President - Corporate Retail & SME Banking effective October 1, 2017. Vinnate Hall retired on March 1, 2018. Charmaine Leckie has been promoted to Assistant Vice President, Group Internal Audit effective March 1, 2018.