The JMMB Group Ltd has ad­vis­es that Vedu­la Tushar Rao has been ap­point­ed to the role of group chief trans­for­ma­tion of­fi­cer of JMMB Group Ltd ef­fec­tive No­vem­ber 24, 2025, on a four-year con­tract.

The an­nounce­ment was made on the T&T Stock Ex­change on Fri­day in a no­tice pur­suant to Sec­tion 64 (1) (B) of the Se­cu­ri­ties Act 2012.

The com­pa­ny not­ed that with over 16 years of lead­er­ship ex­pe­ri­ence in trans­for­ma­tion ini­tia­tives, Rao has di­rect­ed ma­jor mod­erni­sa­tion pro­grammes that re­shaped the op­er­a­tions of large fi­nan­cial in­sti­tu­tions and played a sig­nif­i­cant role in ad­vanc­ing da­ta-dri­ven or­gan­i­sa­tions with­in the fi­nan­cial sec­tor.

It added that Rao pre­vi­ous­ly held ex­ec­u­tive po­si­tions at fi­nan­cial in­sti­tu­tions lo­cat­ed in Cana­da, the Unit­ed States, and the Unit­ed King­dom and is a cer­ti­fied char­tered ac­coun­tant, ac­cred­it­ed by the In­sti­tute of Char­tered Ac­coun­tants of In­dia, with a Bach­e­lor’s de­gree in com­merce in ac­coun­tan­cy from St Xavier’s Col­lege in In­dia.

He is al­so cer­ti­fied in for­eign trade by the Fed­er­a­tion of In­di­an Ex­port Or­gan­i­sa­tions (FIEO) and holds a Six Sig­ma Green Belt Cer­ti­fi­ca­tion from Gen­er­al Elec­tric Cor­po­ra­tion.

Ac­cord­ing to its web­site, the group first start­ed in 1992 as the first mon­ey mar­ket bro­ker in Ja­maica. Now, it has over 220,000 clients in Ja­maica, T&T and the Do­mini­can Re­pub­lic.

It is a fi­nan­cial ser­vices group that pro­vides var­i­ous fi­nan­cial so­lu­tions, in­clud­ing in­vest­ment ser­vices, bank­ing ser­vices, mu­tu­al funds, bro­ker­age ser­vices, and pen­sion fund man­age­ment.

For the six-month pe­ri­od end­ed Sep­tem­ber 30, 2025, JMMB Group post­ed that its op­er­at­ing prof­it im­proved sig­nif­i­cant­ly – mov­ing from a loss of J$1.3 bil­lion in the pri­or year to an op­er­at­ing prof­it of J$1.6 bil­lion year to date.

It not­ed that this turn­around re­flect­ed the sus­tained re­bound in op­er­at­ing per­for­mance since the start of the fi­nan­cial year, high­light­ed by first quar­ter op­er­at­ing prof­it with all rev­enue lines de­liv­er­ing growth.

On Sep­tem­ber 15, 2025, rat­ing agency Cari­CRIS reaf­firmed JMMB Group Ltd’s high cred­it­wor­thi­ness and as­signed a pos­i­tive out­look to the fi­nan­cial ser­vices provider..

Cari­CRIS reaf­firmed the is­suer/cor­po­rate cred­it rat­ings as­signed to JMMB Group (JMM­BGL or the Group) at CariA- (re­gion­al lo­cal cur­ren­cy rat­ings), CariBBB+ (re­gion­al for­eign cur­ren­cy rat­ings), jmAA- (na­tion­al lo­cal cur­ren­cy rat­ings) and jmA+ (na­tion­al for­eign cur­ren­cy rat­ings).

Cari­CRIS al­so main­tained a sta­ble out­look on the rat­ings. In its re­port, Cari­CRIS cit­ed, “the out­look re­flects a strong like­li­hood that the group would re­main prof­itable over the next 12 to 15 months, dri­ven by con­tin­ued fo­cus on grow­ing the loans port­fo­lio and non-in­ter­est in­come sources.”