UGI FINANCE and Investments Limited (UGIFI), a subsidiary of the Neville Blythe-controlled UGI Group, will be opening its fourth branch in Junction, St. Elizabeth on September 11.

Opening the $10 million branch in Junction allows UGIFI to tap into clients from the agricultural, South Coast tourism and returning resident population of St. Eliza-beth and surrounding areas, said Joan Ranglin-Hinds, general manager of UGIFI.

"All our market research points to Junction as a growing town," said Mrs. Ranglin-Hinds. "We want to be a part of that growth and establish a greater market reach."

INVESTORS TARGETED

"We are targeting a wide cross-section of investors who have a desire to build wealth," Mrs. Ranglin-Hinds said. Customers were travelling from Westmoreland and St. Elizabeth, "To do business in our Mande-ville offices and so we thought it was a good idea to bring the office closer to them," she said.

The company is employing its staff directly from the community, said Mrs. Ranglin-Hinds. "We thought that this is very important as most financial institutions import their staff from Kingston."

The company will also be the first investment and securities firm in Junction.

"Yes, commercial banks are down there but we are the first securities firm to open offices. That is part of our growth strategy," Mrs. Ranglin-Hinds said.

In addition to the new Junction location, UGIFI has branches in New Kingston, Montego Bay and Mandeville.

­ D.W.

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