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New Deputy Executive at Lasco Financial

Financial Services is advising that Dr. Eileen Chin has been appointed Deputy Executive Chairman of the company, effective June 15, 2026.

Mahmood Khimji resigns from Sagicor Group Board

Sagicor Group Jamaica Board Member, Mahmood Khimji has resigned, effective June 19, 2026. Khimji was appointed to the Board on May 13, 2020, and served with distinction. 

The Board expresses its sincere appreciation to Khimji for his service and valuable contribution to group.

PROVEN Bank (Cayman) CEO resigns

Stacy Belnavis has stepped down from PROVEN Bank, with an interim CEO running the bank until Cayman’s regulator approves her replacement.

Last week, PROVEN Bank informed its customers in the Cayman that its CEO, Stacy Belnavis, has resigned. 

The email stated that the CEO of “PROVEN Group, Johann Heaven, will act in the role of Chief Executive Officer of Proven Bank in the interim until a new Chief Executive Officer is appointed”. It’s a dramatic turnaround given that Belnavis was only appointed in January 2025. 

In a June interview with the Cayman Compass, Heaven said that Belnavis had told the bank she was leaving “to pursue personal interests”. Heaven maintained that the transition between CEOs has been managed in an “orderly” fashion. 

“She was gracious enough to give us the full notice period,” said Heaven, which he confirmed was three months. That gave PROVEN Group time to “go through an extensive recruitment process to interview and appoint a new CEO. We have identified an excellent candidate and we’re now awaiting regulatory approval”.

Heaven was unwilling to share any details on the new CEO before they are officially approved by the Cayman Islands Monetary Authority, but he said that PROVEN is “excited about this appointment”.

FosRich CEO departs

FosRich Chief Operating Officer, Ian McNaughton, has resigned effective May 31, 2026. The Company has commenced the process of identifying and appointing a suitable candidate to fill the position. 

In the interim, the responsibilities of the Chief Operating Officer will be managed by the executive management team to ensure continuity of operations. 

Four new appointees at Scotia Group Jamaica

Scotia Group Jamaica is announcing the appointment of four new Directors, of which two will sit on its Board and the other two on the boards of two subsidiaries. They are Peter Moses, Jonathan Echeverria, Yaniece Gentles, and Stephanie Ewbank. 

Moses’ appointment to Scotia Group takes effect on June 19, and he will sit on the Board’s Risk Committee, subject to Bank of Jamaica Fit & Proper approval. Echeverria’s appointment to Scotia Group took effect on March 4, 2026, subject to Bank of Jamaica Fit & Proper approval. 

Gentles appointment to the Board of Directors of Scotia Jamaica Life Insurance Company and its Audit & Conduct Review Committee and Investment, Loan & Risk Committee took effect February 24, 2026, subject to Financial Services Commission approval.

Ewbank’s appointment to the Board of Directors of Scotia General Insurance Agency and its Conduct Review Committee took effect on February 24, 2026, subject to Financial Services Commission approval.