( L - R ) DUNCAN AND DUNCAN-SCOTT
PRESIDENT AND chief operating officer (COO) of Jamaica Money Market Brokers (JMMB), Keith Duncan, will now take over leadership of the JMMB Group of companies as Donna Duncan-Scott has chosen to play a new role in the JMMB Group, the company stated yesterday.
The new leadership, effective immediately, represents a change-over from Donna Duncan-Scott who, for the past seven years, has been successfully spearheading the growth of the company.
STRONG LEADERSHIP
The strength of her leadership was substantiated by the growth in the companies' capital base from under $200 million up to $5 billion up to December 2004 when she went on her leave of absence. In his new role, Mr. Duncan will continue to steer the development and implementation of strategies and procedures to sustain the company's growth.
In outlining the reasons behind the transition, Mrs. Duncan-Scott, who will assume the new part-time role of Executive Director for Culture and Leadership Development for the JMMB Group, explained that the change allows her to devote more energy to her children, and at the same time contribute to the JMMB Group.
STRUCTURES ARE IMPORTANT
She stated, "As we expand regionally it is important that we put appropriate structures in place to continue to build our culture based on the core values of honesty, openness, integrity and love, which has been the source of our success. Keith has been applying equal amounts of energy and commitment to the advancement of JMMB over the years and will continue to do so as head of the group. Our clients can be assured continued successes and accountability under his direction. He stands for accountability, results and has a global perspective. Our relationship, while unique, is complementary and this move we will continue to serve the JMMB mission built by our mother, Joan Duncan."
In expressing his appreciation of the latest development, Mr. Duncan noted that the JMMB Group has been enjoying steady growth and under his stewardship will continue to realise its goals in regional and international money markets. "We have developed a 25-year strategic plan, which for the last five years has been focused on regional expansion. Included in this plan is our aim to systematically and strategically replicate the JMMB business and culture model into North America and Europe.
"Currently, Caribbean Money Market Brokers Ltd. (CMMB) in Trinidad and Tobago, Barbados and St. Lucia are showing good returns (adding J$335.4M over the last six-month period, a 97.8 per cent increase), and we expect to open our first branch in Guyana before the end of the year. In this capacity, we will continue to strengthen core management and organisational effectiveness to meet the challenges as well as prepare us for further expansion."
