In Corporate Movements this week, the JMMB Group wishes to advise of the appointment of Damion Hylton as group chief payments and solutions officer, effective August 4.

With over 21 years of experience working in the financial sector, Hylton is an experienced change manager with proven leadership ability to improve operations, achieve strategic goals, increase loans and deposit growth and generate sustained profits.

He previously worked in executive roles at financial institutions in Jamaica and the Cayman Islands.

Hylton holds an MBA in banking and finance, as well as a first degree in management studies with a minor in economics from the University of the West Indies. In addition, he also completed the Ivey Business School Executive Program and obtained a Master of Laws from the University of Toronto, wherein the concentration was innovation, law and technology.

The JMMB family welcomes Hylton and looks forward to his contribution to the further success of the JMMB Group.

New general manager for Supreme Route Limited

Supreme Ventures Limited has tapped Warren Wilson as general manager for its Supreme Route Limited subsidiary. The appointment took effect on August 4.

Tom Tyler steps down from ASBH Board 

AS Bryden & Sons Holdings Limited (ASBH) advises that Tom Tyler has tendered his resignation as a director of the company, effective July 31. The board expressed its sincere appreciation to Tyler for his contribution to the company, noting that his insights have been instrumental in guiding the strategic direction of ASBH. 

The board and leadership team have offered their heartfelt thanks to Tyler and wished him continued success in his future endeavours.

LASCO Financial clarifies resignation of its CEO

LASCO Financial Services is seeking to set the record straight regarding the resignation of CEO Jacinth Hall-Tracey.

The company, in a regulatory posting, says it has been brought to its attention that the information of the resignation posted to the Jamaica Stock Exchange (JSE) has caused some to surmise that the phrase “by mutual agreement” conveyed an assertion that Hall-Tracey was unceremoniously dismissed. 

“This is erroneous. Mrs Hall-Tracey was not dismissed, nor was she asked by the company to resign.  Her resignation letter indicates that she will remain with the company until December 31, 2025.  The company accepted her resignation,” a statement from the company read.

LASCO Financial and Hall-Tracey have agreed that during the period July to December 31, she will be jointly responsible for the operations with Sharlene Williams, who has been appointed the general manager.  They together constitute a transition team.  

The transition team is being organised in a manner convenient to the company to give effect to a smooth transition. LASCO Financial says it “respects Hall-Tracey’s professionalism and integrity.  Hall-Tracey has agreed that after December 31, she will provide consulting and advisory services to the company as it might require, from time to time”.