Monday 16 September, 2019

Leadership changes will enable NCB to deliver solid growth - Hylton

NCB Financial Group President and CEO Patrick Hylton will no longer directly manage the operations of the National Commercial Bank.

NCB Financial Group President and CEO Patrick Hylton will no longer directly manage the operations of the National Commercial Bank.

President and CEO of NCB Financial Group (NCBFG), Patrick Hylton says the recent leadership changes at the National Commercial Bank Jamaica will enable the conglomerate to deliver solid growth and integration.

Septimus ‘Bob’ Blake took over as CEO of National Commercial Bank, with Malcolm Sadler as Chief Financial Officer (CFO), effective August 1.

Blake succeeds Hylton, who has led the bank for the past 15 years, while Sadler replaces Dennis Cohen as CFO of the bank alongside Hylton since 2004.

“Bob has proven to be a great leader over the years while he served in various roles at the Bank,” Hylton said noting that Blake’s experience makes him the best person to lead the bank into its new strategic direction.

Septimus ‘Bob’ Blake took over as CEO of National Commercial Bank effective August 1.

Hylton added, “NCB Jamaica is the largest, and a very important subsidiary of NCB Financial Group. We have full confidence in Bob Blake and Malcolm Sadler taking the baton and leading the growth of the Bank, especially since this allows us to put our full focus behind delivering solid growth and integration across our Group and pursuing our goal of becoming a truly pan-Caribbean financial leader.”

Hylton and Cohen will maintain their roles as Group CEO and Group CFO & Deputy CEO, respectively, of NCB Financial Group Limited, while Blake and Sadler will focus on the management of the Bank specifically.

Blake will report directly to the board of the Bank, and particularly Hylton, who continues to be on the board of directors for the bank, along with Cohen.

Hylton also serves as chairman of the board for NCBFG subsidiaries Guardian Holdings Limited and Clarien Group Limited.

Hylton (right) and Cohen (left) will maintain their roles as Group CEO and Group CFO & Deputy CEO, respectively, of NCB Financial Group Limited.

The appointment of Blake and Sadler as CEO and CFO of NCB Jamaica represents the latest transition in the group’s leadership to ensure effective oversight and succession for both the bank and NCB Financial Group. This plan, which has been in progress for several years, started with the appointment of Blake to Chief Operating Officer for the bank in April 2017.

Keen on delivering increased value for all stakeholders, and leveraging innovation to drive improvements, Blake said, “Improving the overall banking experience for our customers, team members and shareholders, as well investing in our talents and capabilities are at the top of my agenda. These are fundamental to NCB Jamaica fulfilling its potential as a globally competitive bank, while transforming banking in Jamaica.”

With the NCB Financial Group expanding into more of a regional financial services conglomerate, with majority shareholdings in the Trinidad-and-Tobago-based Guardian Holdings Limited (GHL) and Clarien Group Limited (Clarien Group) in Bermuda, Hylton and Cohen will focus on driving the development and seamless integration of the now-expanded NCB Financial Group.

NCB Financial Group directly owns three subsidiaries, which are NCB Jamaica, Clarien Group (owner of Clarien Bank Limited) and NCB Global Holdings Limited, through which the majority shareholding in GHL was acquired.

 

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