Ashford W. Meikle, Business Reporter

MCLEISH

Jamaica Money Market Brokers has been hit by two key resignations, Dennis Chung and Glenford McLeish, in the space of a few days.

The movements come as board changes were announced to two JMMB subsidiaries, its insurance brokerage and JMMB Securities, which chief executive officer Keith Duncan said was deliberate strategy to groom junior management for top-tier leadership positions in the money market company.

Chung's departure as financial controller, effective November 1, was announced via the Jamaica Stock Exchange (JSE) last Friday, November 3.

Janet Patrick, chief accountant, was named as acting replacement. On Wednesday, McLeish's resignation as head of JMMB Securities was also announced via notice to the JSE.

Last week Kisha Anderson, manager of Retail Services and Paul Gray, domestic trading manager at JMMB were added to the board of JMMB Insurance Services.

"For product integration it makes good sense to have the head of our retail division on the board of JMMB Insurance Brokers and Paul Gray brings a certain level of discipline around numbers and we thought it would be good to have him on the board," said Duncan.

As for the resignation of two of his key executives, he said: "We have two senior executives who have made significant contributions in their areas and they are moving on."

Both men confirmed they had resigned to pursue personal business interests.

ashford.meikle@gleanerjm.com