Friday 13 December, 2019

Hylton replaces Lee-Chin as chairman of National Commercial Bank

NCB Financial Group President and CEO, Patrick Hylton has been named chairman of the board of National Commercial Bank Jamaica (NCBJ).

NCB Financial Group President and CEO, Patrick Hylton has been named chairman of the board of National Commercial Bank Jamaica (NCBJ).

NCB Financial Group President and CEO, Patrick Hylton has been named chairman of the board of National Commercial Bank Jamaica (NCBJ). He replaces Michael Lee-Chin. 

Lee-Chin remains as a director of the bank and continues to serve as chairman of the board of NCB Financial Group. 

NCB said the review of the structure of its boards and leadership is to enhance its corporate governance and leadership framework. 

"We continue to review the structure of our boards and leadership team to enhance our corporate governance and leadership framework within the context of becoming a multinational group following the acquisition of a majority interest in Clarien Bank Limited and Guardian Holdings Limited," NCB said. 

Chairman of NCB Financial Group, Michael Lee-Chin. 

Other changes to the composition of the NCBJ board include the resignation of Thalia Lyn as a director. Lyn will continue her role as a chairperson of the NCB Foundation and a director of the foundation. 

Additionally, Oliver Mitchell Jr resigned as a director of NCBJ but remains a director of NCB Financial Group. 

The changes took effect on November 30, 2019. 

NCB Financial Group Limited was incorporated in April 2016 to be licensed under the Banking Services Act as the financial holding company for National Commercial Bank Jamaica Limited.

NCB is the largest and most profitable financial services group in Jamaica with roots dating back to 1837. 

Through the bank and its wealth management, life and general insurance, and offshore banking subsidiaries, NCB provides a wide array of financial products and services to meet the needs of individual and business clients.

The NCB Group includes NCBJ, NCB Capital Markets Limited and its subsidiaries in Barbados and Cayman; NCB Insurance Company Limited, NCB (Cayman) Limited, Clarien Group Limited and its subsidiaries in Bermuda; Guardian Holdings Limited and its subsidiaries as well as NCB Global Finance Limited in Trinidad and Tobago.

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