BURCHENSON
THE GENERAL manager of Pan Caribbean Asset Manager (PCAM), Rezworth Burchenson, departs from that financial institution at the end of this month, Wednesday Business has learned.
A subsidiary of Pan Caribbean Financial Services (PCFS), PCAM manages the Sigma suite of unit trusts.
According to the source Burchenson is headed for Prime Asset Management Limited where he is tapped to be the chief executive officer (CEO). Prime is a subsidiary of the Matalon-controlled ICD Group and manages pension funds as well as providing investment management and advisory services for its clients. Ironically, the company was once a part of Sigma Unit Trust when the latter was managed by the ICD Group.
Up to press time yesterday, Wednesday Business was unable to get a comment from Burchenson who is also a vice-president of PanCaribbean Financial Services (PCFS).
YEARS AT SIGMA
The PCAM executive has spent almost a dozen years at Sigma and is credited for the successful performance of the unit trust. In fact, Sigma - with some $6 billion under management - is Jamaica's largest unit trust company and has been the country's best performing unit trust for the past two years.
This is the second high-profile resignation from PCFS recently. Last month it was revealed that former CEO and senior vice-president, Anya Schnoor, is headed for the Bank of Nova Scotia where she will head the bank's new wealth management arm.
