Business
JAM | Jul 16, 2024

Is Chris Williams standing down as CEO of Proven Investments?

Al Edwards

Al Edwards / Our Today

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Chris Willams, co-founder and CEO of PROVEN Management Ltd, investment managers for PROVEN Investments Limited. (Photo: Facebook @WeAreProven)

Is long-standing CEO of Proven Group, Christopher Williams, stepping down as head honcho? 

Our Today has received numerous reports on this matter but Williams could not be reached as he is out of the country.

Williams has served as CEO for the last fifteen years and was instrumental in building Proven into one of the most significant investment houses both in Jamaica and the wider Caribbean.

Speculation abounds that he will remain an investor in the group and while not engaged in the day-to-day running of the business will still be very much a part of Proven.

Williams forged a reputation as a dynamic and mercurial leader. He held different roles at Proven, namely co-founder, significant shareholder and employee.

It is in his capacity as an employee that people are making enquiries and are keen to find out what are his plans going forward.

The Proven boss was part of a generation of financial sector leaders to brought verve and a new approach post-FINSAC and imbued the sector with a confidence that saw new entities come onto the scene.

Williams star shone at Dehring Bunting and Golding (DBG) before he went on to make NCB Capital Markets the leader in its field. It was under his tenure there that he oversaw the listing of gaming giant Supreme Ventures.

Always with a keen eye on upward mobility, he joined forces with Peter Bunting, Mark Golding and Garfield Sinclair as an equity holder in Proven

Outside of Jamaica, Proven has gone on to have operations in St Lucia, Cayman Islands, Bermuda and British Virgin Islands. It has invested in a number of businesses including some outside of the financial sector.

While at the helm, Williams oversaw the launch of Proven Wealth, Proven Properties, and Proven Bank.

Bank tellers at George Town headquarters and retail branch of PROVEN Bank (Cayman) located on Dr Roy’s Drive in the Caymanian capital. (Photo: Facebook @PROVENBank1)

For the financial year ended March 31, Proven posted a profit of US$13.6 million.

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