The JMMB Group Limited is disclosing that its Trinidad and Tobago subsidiaries have undergone reorganisation.

As such, these T&T financial entities are now indirectly controlled by JMMB Financial Holdings Limited, the relatively financial holding company of JMMB Group, which has been licenced by the Bank of Jamaica (BOJ) as required under the Banking Services Act (2014). 

The Trinidad and Tobago financial entities of the JMMB Group are now controlled by Jamaica Money Market Brokers (Trinidad and Tobago), which is in turn controlled by JMMB Financial Holdings Limited, which is in turn controlled by the ultimate parent, JMMB Group Limited. 

The change was effected via an amalgamation, which was effective as of January 31, and its effective date was received from the Trinidad and Tobago Companies Registry on February 16.

JMMB Group has also advised that director Hugh Duncan will retire from the board and its subsidiary JMMB Financial Holdings Limited, effective March 31.  

However, he will continue to serve on the boards in Trinidad and Tobago, including JMMB Bank (T&T) Limited and its subsidiary, JMMB Express Finance (T&T) Limited.