Tuesday 25 February, 2020

Ronald Carter named new JMMB CEO

Ronald Carter has taken up the position of JMMB Bank Chief Executive Officer and JMMB Group Chief Country Officer.

This follows the retirement of JMMB Bank’s former Chief Executive Officer and Managing Director, Nigel Romano.

The JMMB Group officially welcomed Carter to the role on August 1, 2019.

With over 30 years in the financial sector, the last five at the helm of JMMB Investments as CEO, Carter brings with him a wealth of experience and his own vision for The JMMB Group. 

Speaking from his new offices at Independence Square, Port of Spain, Carter revealed his plan for taking JMMB into 2020 and beyond.

“The JMMB Group is at a critical stage of expansion as we set our sights not only on growth locally, expanding existing and creating new business lines, but also on development throughout the Southern Caribbean”.

Recognising the importance of the human resource to the success of this endeavour, Carter’s goal is to ensure that The JMMB Group is considered by its Team a great place to work.
“We want our Team members to feel like they are part of the JMMB family and that the Group’s success is their own success”, Carter stated.

He also shared the Group’s overall vision for financial inclusion, with a mandate to serve the unbanked and underbanked across Trinidad and Tobago.

World Bank Statistics show that approximately 75 percent of the T&T population, over the age of 15, have a bank account; an estimated 34 percent of the population, over the age of 18, are considered to be financially literate; approximately 58 percent of persons, over the age of 15, have indicated that they have been unable to save any money at all over the past year; and only 8.4 percent of the over 15 populace has ever borrowed from a licensed financial institution.

“We want to bring value-added solutions that are in the best interest of all of our clients, and encourage a banking culture where they can become financially independent and successful”, Carter explained.

However, it is his passion for increasing and providing financial literacy that motivates him.

“The JMMB Group is positioned to provide the financial education necessary to empower clients to make the best financial decisions for themselves and their families.” 

The JMMB Group congratulated Carter in his new role and wished him every success.

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