Duncan-Scott
CHIEF EXECUTIVE officer and managing director of Jamaica Money Market Brokers Limited (JMMB) Donna Duncan-Scott - who is currently on maternity leave - will be taking a one-year leave of absence from the company, effective January 1, 2005.
Deputy managing director and chief operating officer, Keith Duncan, will assume Mrs. Duncan-Scott's substantive duties, the company said. Mr. Duncan has been acting for Mrs. Duncan-Scott for sometime now.
However, sources indicate that while she will not be actively involved in the operations of JMMB, Mrs. Duncan-Scott will not be totally divorced from the decision making processes. As well as remaining a director of the company, she will be available for consultative support, albeit on a part-time basis.
The managing director of JMMB since 1998, Mrs. Duncan-Scott has steered the company along a path of expansion and profitability. Under her direction, JMMB has expanded into Trinidad and Barbados as well as listed on the stock exchanges of both Trinidad and Tobago and Jamaica.
For its 2004 financial year to March 31, the company returned net profits of $1.5 billion on interest income of $9.2 billion.
Up to press time, Sunday Business was unable to get a response from Mrs. Duncan-Scott. But a source indicated that the JMMB boss wanted to spend time with her children during their formative years.
