Jamaica maximize client satisfaction through exceptional care and

Jamaica
Money Market Brokers Group Limited Report

Name
of Registrant

·        
Jamaica Money Market Brokers Group Limited
(“JMMBGL”)

 

History
of JMMBGL

·        
JMMBGL was established in 1992 in Jamaica
as the country’s first money market broker. JMMBGL set out on a mission to
maximize client satisfaction through exceptional care and world class financial
expertise. The platform on which this mission rest was cornered by four
pillars: love, ethics, credibility and togetherness. These four pillars are
incorporated in their day-to-day interaction both internally and externally. JMMBGL
emphasizes the importance of offering financial services with love as focal
point and it is due to such caring and appreciative approach to their customer
base that the company was able to foster a culture that sustained them both as
a people and a financial institution.

Category

·        
JMMBGL is listed as a Reporting issuer on
The Trinidad and Tobago Stock Exchange (“TTSE”).

 

Summary
of Business Activities

·        
JMMBGL provides a range of financial solutions for individual, corporate,
and institutional clients in Jamaica, Trinidad and Tobago, and the Dominican
Republic. The company operates in three segments: Financial and Related
Services, Banking and Related Services, and Other. The Financial and Related
Services segment offers securities brokering, stock brokering, portfolio
planning, funds management, and investment advisory services. The Banking and
Related Services segment accepts deposits; and offers loans and other credit facilities,
and foreign currency trading services. The Other segment is involved in the
provision of remittance and related services; and insurance brokering, and
investment and real estate holding activities. The company also provides
merchant banking, funds transfer, fund and investment management, and mutual
and pension fund administration services, as well as savings products. JMMB
Group Limited was founded in 1992 and is based in Kingston, Jamaica.

Senior Officers

·        
Presently the Senior Officer at JMMBGL
include:

o  
Keith Duncan

o  
Carolyn DaCosta

o  
Damion Brown

o  
Donna Duncan-Scott

o  
Imani Duncan-Pierre

o  
Julian Mair

o  
Kerry Ann Stimpson

o  
Patrick Ellis

o  
Paul Gray

o  
Sheldon Powe

o  
Grace Imani Duncan Price

 

Risk
to Operation

·        
JMMBGL is exposed to the following
operational risks:

o  
Human Risk which signifies potential
losses due to human error, done willingly or unconsciously.

o  
IT/System Risk which takes into account potential
losses due to system failures and programming errors

o  
Processes Risk which concerns potential
losses due to improper information processing, leaking or hacking of
information and inaccuracy of data processing.

Exchange
Listing

·        
JMMBGL under
an approved Scheme of Arrangement, was delisted from the Jamaica Stock Exchange
(JSE), Barbados Stock Exchange (BSE) and Trinidad and Tobago Stock Exchange
(TTSE), and relisted as JMMB Group Limited on April 13, 2015.

 

JMMBGL’s
Trading

·        
After reviewing JMMBGL’s trading for a six
week period, November 24th-December 29th 2017, it was
noted that JMMBGL traded an average of

 

Top
Ten Shareholders

·        
The top ten shareholders for JMMBGL
include:

o  
NCB Capital Markets (in Escrow)

o  
Trustees JMMB ESOP

o  
Colonial Life Insurance Co. (Trinidad)
Ltd.

o  
National Insurance Fund

o  
Concise E.I. Ltd

o  
Concise R.I. Ltd

o  
SJIML A/C 3119

o  
JVF O.E. Ltd

o  
Concise O.N. Ltd

o  
JVF E.I. Ltd

Financial
Year End

·        
JMMBGL’s Financial Statements for 2017
reflected a positive net operating revenue of J$8.13 billion which was a 5%
growth when compared to the prior period and resulted from increases in
interest income and fees and commission income. Net Interest Income grew by 15%
or J$499.6 million to J$3.76 billion as there was strong growth in the loan and
investment portfolios.

 

Issue
Share Capital

·        
JMMBGL has an issue share capital of
1,630,552,530 shares.