Keith Duncan, group CEO of Jamaica Money Market Brokers Limited, addressing share-holders at their AGM meeting held at Terra Nova Hotel in St Andrew, September 19. - Norman Grindley/Acting Photography Editor

Jamaica Money Market Brokers (JMMB) has relocated its operations in Mandeville to its own premises at Ward Street, developed for $59 million.

JMMB has operated in rented office space in Mandeville for nine years, starting out with four employees.

Now its new 6,087 square-foot home houses 17 staff, who moved into their new operating base on October 8.

JMMB, which currently has a client base in excess of 140,000, says the branch will provide the full range of products and services offered by its other seven branches islandwide.

The company is reshaping its products and service-delivery channels in Jamaica and in its overseas markets.

24-hour online access

The brokerage has extended its service-delivery channels to include 24-hour online access through its Moneyline facility and a total of seven electronic transaction machines.

In the Dominican Republic, its brokerage house, JMMB BDI America, was given formal approval in September by the Superintendente de Valores, the counterpart to the Financial Services Commission in Jamaica, to sell a proprietary product there.

The approval means that we can actively market our Sure Investor product, which enables Dominican investors to purchase government of the Dominican Republic bonds under a repurchase agreement, said Keith Duncan, group chief executive officer of JMMB.

This will signify the beginning of the secondary market in the Dominican Republic, Duncan said.

sabrina.gordon@gleanerjm.com.