NCB Financial Group Limited (NCBFG) has announced further board changes, including at its banking subsidiary National Commercial Bank Jamaica Limited (NCBJ).

• Gary Brown has been appointed lead independent director and audit committee chair of NCBFG, succeeding Professor Alvin Wint, who recently retired from the board at the annual general meeting held in February. Brown will also serve on the boards of group subsidiaries, National Commercial Bank Jamaica Limited (NCBJ) and NCB Capital Markets Limited. He brings extensive banking and risk management experience gained over a long and distinguished career with large global financial institutions.
• Sandra Glasgow has resigned as a director of NCBFG; however, she will continue to serve as a director of group subsidiaries, NCBJ and Clarien Bank Limited.
• Howard Shearer was appointed a director of NCBFG on March 13, 2024. Born in Jamaica and currently serving as chief executive of Hitachi Canada, Shearer brings extensive and world-class business leadership experience.
• John Bailey was appointed a director of NCBJ on February 21, 2024. Bailey is a profound business leader and entrepreneur, dedicated to Jamaica’s development.
• Sanya Goffe has resigned as a director of NCBJ but will continue to serve as a director of NCBFG.

In addition to these changes at NCBFG and NCBJ, the group’s insurance subsidiary Guardian Holdings Limited (GHL) has made a number of changes over the past year involving independent directors within GHL and its subsidiaries. Together, these changes expand the diversity of banking, insurance and international business experience, along with entrepreneurial spirit across NCBFG boards, which further strengthens governance across the group.

“NCBFG is committed to the highest standards of corporate governance, and this is a continuous journey,” said Michael Lee-Chin, O.J., Chairman of NCBFG.

“We continuously strive to ensure that the governance structure of the group has the necessary independence, competency, structure, and culture to effectively discharge the duties of oversight and direction. Rotations of directors are necessary to ensure that independence is maintained and that the boards possess the expertise and experience relevant to the times,” added Sanya Goffe, chair of the Corporate Governance & Nomination Committee.

“The evolution continues with the drive to attain Efficiency, Governance, and Customer Experience (EGC), across the group,” the financial conglomerate stated.