Durrant Pate/Contributor

Barita Investments advised that JN Fund Managers is now a wholly owned subsidiary and is now being integrated into its network.

This development follows receipt of regulatory non-objection from the Financial Services Commission, which regulates the non-deposit-taking financial sector.

The integration of JN Fund Managers into Barita’s enterprise-wide infrastructure is expected to enhance scale, deepen institutional asset management capabilities, and further diversify recurring fee-based revenues. 

In addition, Barita’s established risk management and governance frameworks will be extended to JN Fund Managers in a manner that complements and supports the continued authority and oversight of the JN Fund Managers Board.

Barita’s Chief Executive Officer, Ramon Small-Ferguson, comments that, “the acquisition represents a further step in the execution of Barita’s long-term strategy under the Cornerstone Group to strengthen investment management capabilities, broaden product offerings, and enhance long-term value for clients across Jamaica and the wider Caribbean.” 

In connection with the change of control, Baritar advises that Richardo Williams has been appointed Interim Chief Executive Officer of JN Fund Managers Limited, while also serving as Senior Vice President, Asset Management & Research at Barita Investments. The appointment took effect January 19, 2026. In his capacity as Interim Chief Executive Officer of JN Fund Managers, Williams will report to the Board of Directors of JN Fund Managers and to the Chief Executive Officer of Barita Investments and Managing Director of Barita Unit Trusts Management Company, Ramon Small-Ferguson. 

Williams brings nearly fifteen years of experience across economic research and the financial services sector, spanning portfolio management, investment strategy, sales, and financial advisory. He has held several progressively senior roles within the Barita Group, most recently serving as Vice President, Asset Management & Research. Williams holds a Bachelor of Science in Economics and Statistics and a Master of Science in Economic Development Policy, both from The University of the West Indies.

His appointment is intended to support continuity, operational stability, and the seamless integration of JN Fund Managers into the Barita Group. Barita remains committed to a structured and orderly integration of JN Fund Managers with a focus on service continuity, operational stability, and positive engagement with clients, employees, and counterparties. JN Fund Managers clients are expected to benefit from access to the combined entity’s broader investment platform and enhanced institutional capabilities.