JAMAICA MONEY Market Brokers (JMMB) will celebrate 13 years in the financial services industry today, with more than J$63 billion under management on behalf of over 75,000 clients.
Discussing the achievements of the company, Cathy Davis, communications manager, stated, "For the financial year ending March 31, 2005, net profit after tax for JMMB Group grew by 9.5 per cent to $1.65 billion, compared to the prior 13-month period."
In addition, JMMB trades an average of J$72 billion in government and fixed income paper per month. Currently, shareholders' equity stands at over J$6 billion.
She added, "JMMB has a growing regional presence with a global vision.
"We have a 25-year plan with an aim to enter the North America and European markets.
"Currently, we operate Caribbean Money Market Brokers Ltd. (CMMB) in Trinidad and Tobago, Barbados and St. Lucia.
"Already on both the Jamaica Stock Exchange (JSE) and Trinidad and Tobago Stock Exchange (TTSE), JMMB has plans for the company to be listed on the Barbados Stock Exchange.
"JMMB's success has not only come from its focus on the bottom line, but it has created an organisational environment in which team players can achieve their full potential."
