Saturday 28 November, 2020

Vernon James reassigned to assist with strategic projects at NCB Group

Before he was appointed Managing Director and CEO of NCBIC,  Vernon James, who joined the NCB team in 2008, also served in leadership roles at NCB Capital Markets Limited.

Before he was appointed Managing Director and CEO of NCBIC, Vernon James, who joined the NCB team in 2008, also served in leadership roles at NCB Capital Markets Limited.

Vernon James, who headed the insurance arm of NCB Financial Group, has been reassigned to assist in the execution of strategic projects in the group, the company has announced. 

The move follows the transfer of the insurance and annuities portfolio of NCB Insurance Company Limited (NCBIC) to Guardian Life Limited (GLL) last month, which resulted in NCBIC changing its name to NCB Insurance Agency & Fund Management Limited (NCBIA&FM). 

Additionally, James has tendered his resignation from the Board of Directors of NCBIA&FM effective October 31, 2020.

With James' reassignment, a vacancy for the leadership position of NCBIA&FM has been created, and the search to fill this vacancy is underway, NCB said. 

“We are excited about all the possibilities that this recent transfer has created for the group. In addition to the positive benefits from a streamlined insurance business, we now have the opportunity to transition Vernon James, an exceptionally talented executive, to some groundbreaking projects that require the type of leadership that Vernon has to offer," shared Patrick Hylton, President and Group CEO for NCB Financial Group Limited.

Under the leadership of James the company, then known as NCBIC, experienced record profitability growth of over 220 per cent from 2012 to 2019 and won numerous international awards, including Global Banking and Finance’s Best Pension Fund Manager for four consecutive years, NCB said. 

Before he was appointed Managing Director and CEO of NCBIC, James, who joined the NCB team in 2008, also served in leadership roles at NCB Capital Markets Limited.

“I am grateful for the continued confidence placed in me by our leadership team. I am excited about this new phase of my journey with the NCB Financial Group and I am committed to continuing to create value for our customers, our team members and our shareholders”, James commented. 
 

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