Tuesday 15 October, 2019

Zacca appointed chairman of Sagicor Real Estate Fund

Zacca (left) was appointed at a board meeting on Wednesday. Former Sagicor chairman R Danny Williams is also pictured.

Zacca (left) was appointed at a board meeting on Wednesday. Former Sagicor chairman R Danny Williams is also pictured.

Sagicor Group Jamaica President and CEO, Christopher Zacca, has been appointed Chairman of the Sagicor Real Estate X Fund, following Richard Byles’ resignation from the post last month to take up a government appointment as Governor of the Bank of Jamaica.

At a board meeting of the company held on Wednesday, July 10, at the Jewel Grande Hotel in Montego Bay, the directors unanimously appointed Zacca as Chairman of the Board effective July 11.

The Sagicor Real Estate X Fund, a leading private sector investor in Jamaican and regional tourism real estate market, has a significant equity stake in Playa Hotels and Resorts N.V., as well as ownership of Jewel Grande Montego Bay and DoubleTree by Hilton in Orlando, Florida.

Zacca has also been appointed Chairman of Sagicor Investments Jamaica Limited. Former Chairman, Peter Melhado, resigned to take up the post of chairman of the Sagicor Group Jamaica.

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