With the recent retirement of JMMB Bank’s former Chief Executive Officer and Managing Director, Nigel Romano, The JMMB Group has officially welcomed Ronald Carter its new Chief Executive Officer and JMMB Group Chief Country Officer.
With over 30 years in the financial sector, the last five at the helm of JMMB Investments, as CEO, Carter brings with him a wealth of experience and his own vision for The JMMB Group.
Speaking from his new offices on Independence Square in Port of Spain, Carter revealed his plan for taking JMMB into 2020 and beyond.
“The JMMB Group is at a critical stage of expansion as we set our sights not only on growth locally, expanding existing and creating new business lines, but also on development throughout the Southern Caribbean”.
Integral to the success of this endeavour is the human resource that will drive the expansion plan, and Carter’s goal is to ensure that The JMMB Group is considered by its Team a great place to work.
“We want our Team members to feel like they are part of the JMMB family and that the Group’s success is their own success”, Carter stated.
Carter shared too the Group’s overall vision for financial inclusion, with a mandate to serve the unbanked and underbanked in Trinidad and Tobago, that he intends to uphold. World Bank Statistics show that approximately 75 per cent of the T&T population, over the age of 15, have a bank account; an estimated 34 per cent of the population, over the age of 18, are considered to be financially literate; approximately 58 per cent of persons, over the age of 15, have indicated that they have been unable to save any money at all over the past year; and only 8.4 per cent of the over 15 populace has ever borrowed from a licensed financial institution.
“We want to bring value added solutions that are in the best interest of all of our clients, and encourage a banking culture where they can become financially independent and successful,” Carter explained.
However, it is his passion for increasing and providing financial literacy that motivates and excites him.
“The JMMB Group is positioned to provide the financial education necessary to empower clients to make the best financial decisions for themselves and their families.”