JMMB October 2017

OCT 2017

JMMB...IN YOUR WORLD

www.jmmb.com | (876) 877-5512

WHEN PEOPLE CARE ABOUT PEOPLE Mark Gilzeane on the Client Relationship

I have known since high school that I wanted to work in the financial industry. In the 1990s,

they were on the leading edge of the Jamaican financial market. They are focused on innovation and offering the latest financial solutions and strategies. More than that, JMMB maintains a culture that is very much centred on people. Love is at the centre of its ethos. It a focus that reflects on the way JMMB engages with clients and how people within the company work with one another. People care about people, and this isn’t a sentiment you often hear about in the financial industry.

while at Campion College, I made that career choice, and I worked hard to

achieve that goal. Over the past 17 years, I have realised that goal, and today, I serve as a Personal Portfolio Manager at JMMB.

As a Personal Portfolio Manager, I partner with clients who are on a journey to further

As passionate as I am about working in finance and with clients, I do have a few major passions outside of work. One, I am a family man who wants nothing more than to be a good father to my three boys, Matthew (8), Benjamin (5), and Brandon-Luke (10 months). I hope to serve as a worthy example of what it is to be a man.

JMMB HIGHLIGHTS –JMMB opens Commercial Bank! August 14, 2017 –JMMB’s newly appointed Chairman of the Board, Archibald Campbell, hosts the 25th Annual General Meeting (AGM) Sept 21, 2017

wealth accumulation. They have worked hard for their money, and now they want to put it to work for them. I provide customised financial solutions to give our clients an edge when it comes to achieving their risk- return objectives.

It’s our clients who make this job truly remarkable. I enjoy every moment I spend with them. There is something satisfying about being able to discuss financial terms and concepts with those who may not be well-versed in finance. On top of that, I am on the frontline of their portfolios. I see the day-to-day growth, whether it’s growth from returns or growth from an increasingly diverse portfolio. This is growth that puts our clients yet another step closer to their financial goals. But it’s about much more than portfolio and performance. It’s about the stories and relationships. I love hearing the many exploits of my clients’ children and grandchildren. I hear the love in their voices as they tell me about their families and their varying accomplishments. Of course, I do love talking finance with my clients, as well — and not just as it relates to the job at hand. There are always new stories from around the world, and from right here at home, that influences our financial, social- political and macroeconomic landscape.

Another big passion of mine is the automobile. I have been called a ‘car nut’ a time or two. I am into just about everything car-related, from reading up on the current happenings at Tesla (and their breakthroughs in the battery- powered car arena) to relishing in the latest developments on the sports car side of the market. I will admit, even in my spare time, I have financial market developments on the brain. My colleagues occasionally give me grief for it when we’re on lunch and they can’t understand why I want to cut into ‘Family Feud’ to check out the latest headlines on Bloomberg, my favorite network. I can’t help it. I simply love it too much! -Mark Gilzeane

These conversations are one of the many reasons why I love to work at JMMB. When I was exploring career options, I chose JMMB because I knew

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552-4586

Published by The Newsletter Pro • www.NewsletterPro.com

SMARTEN UP YOUR HOME The Latest in Home Technology

We’ve all had those days when you leave the

Another company at the forefront of household tech is Nest, best known for their thermostats. Nest thermostats are not only fully customisable based on time and weather conditions, but they can also program themselves through the Nest Learning System. Using the product is also energy efficient, saving you money on the electric bill. If you want to your house to be fully teched out, then SmartThings is the best option. The SmartThings hub allows you to connect an infinite number of devices to your phone. These devices can even ‘talk’ to each other once they are part of your SmartThings system. If you want your coffee pot to turn on the moment you start running the shower, you can do that. You can also connect SmartThings to voice assistants like the Amazon Echo, which will allow you to turn on appliances with the sound of your voice. Interconnecting your home appliances will only grow easier in the coming years. Whether you want to dip your toe in the water or dive in fully, there’s a product out there for you.

house, a cold chill runs down your spine and your mind is flooded with doubt. Did I leave the stove on? Is the door unlocked?

Luckily, like many common problems, the tech world is trying to make these worries a thing of the past. There are now a variety of apps that allow you to control nearly every aspect of your home from your phone, no matter where you are.

At the simpler end of the spectrum are Belkin’s WeMo products. WeMo makes smart plugs that allow you to remotely

operate any device that plugs into the wall. They’re great for products like hair straighteners that can pose a fire hazard if left unattended.

Builder Builder Builder

IN THE SPOTLIGHT

Client Testimonial “I continue to do business with JMMB because they make me feel like a valuable member of the family. I, like many of the other customers, have been canvassed on myriad occasions for my opinion on how the organisation can make the geometric leap into the future.

Meet Ian Belcher!

At Jamaica Money Market Brokers (JMMB) Limited, we value our team members. This month, we are proud to feature one of our very best: Ian Belcher.

When asked what he loves about working at JMMB, Ian said, “I appreciate the opportunity to be part of a dynamic, growing organisation that allows us as team members the freedom to grow in our own unique ways”. He also appreciates the diverse clientele he interacts with on a daily basis, and he loves the way in which JMMB views our clients as family members.“The JMMB environment is full of love, and this amplifies every interaction with all clients, both internal and external”. When he’s not at the office, you can catch Ian helping out at his local Kiwanis club supporting his alma mater, St. George’s College. He also enjoys playing football and supporting the Manchester United Football Club. Ian loves to have fun, and he believes there is always more than one way to achieve your goals. Thank you, Ian, for all that you do for JMMB. We appreciate your hard work, loyalty and kind words. Here’s to many more years of exceptional client care.

551-0521

“I have reposed my confidence in the JMMB Group”.

- Mr. Michael Roofe, University Lecturer

As a Retail Banking Officer with JMMB Bank Limited, Ian’s role is to help clients attain their financial goals via a listening ear and his years of experience. To Ian, when you listen to what a client really wants, it’s easy to find the right path that will lead to a client’s life goals, whether it’s debt consolidation or preparation for retirement. Ian has worked in the financial industry for over 21 years, mostly earning his experience in a variety of roles. He has also held the position of Customer Service Representative, Customer Service Supervisor, Operations Officer, Overdue Adjuster, Personal Banking Officer and Mortgage Specialist.

Contact Your Personal Portfolio Manager: 1. Alaine Samuels – 551-7739 2. Anthea Domville – 396-1857 3. Mark Gilzeane – 552-4586 4. Melissa McKenzie – 552-4666 5. Nicole Henry-Dewar – 469-2704 6. Racquel Henry-Burke – 403-9550 7. Ian Belcher (RBO) - 555-0521 8. Joan Edwards - 877-5512

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INVESTMENT OPPORTUNITY JUST FOR YOU! (Limited time only.)

SALE AND LEASEBACK

“No Nuisance” BANKING FEES

Monthly service charge on accounts Cash deposits in excess of $1 million JMD

Free

Investment type Sale With Existing Lease

(Sale of commercial property with existing leases) Real estate asset Portmore Pines Shopping Centre Purchaser Investors

Free

Cheque deposit: same-day value (JMMB bank cheques)

Free

Minimum purchase

$5,000,000 JMD (plus 2.25 percent stamp duty and registration fee) $950,000,000 JMD (plus 2.25 percent stamp duty and registration fee) USD rent: IBEX Global Jamaica Limited JMD rent: Sangsters Book Store, ICWI, Jada-Lee Johnson-Campbell, Electroville, Fruitalicious Frozen Yogurt, The Shoe Store

Total sale price of asset

Cash withdrawals up to $1,000,000 JMD Transfer between own accounts (internal transfer)

Free

Free

Existing tenants of property

Retail Current Account (No Cheques) (NO CHEQUES) Retail Current Account (WITH CHEQUES)

Available in 5 Currencies MinimumOpening Balance – J$1,000 or 100 USD/EUR/GBP/CAD FREE In Branch Deposit/Withdrawal/Cheque Encashment (up to J$1 M) FREE ACH & JMMB Bank Transfers FREE Bill Payment and FREE Point of Sale J$ Only &MinimumOpening Balance – J$1,000 No Monthly Service Fee FREE In Branch Deposit/Withdrawal/Cheque Encashment (up to J$1 M) FREE ACH & JMMB Bank Transfers FREE Bill Payment and FREE Point of Sale Available in 5 Currencies &MinimumOpening Balance – J$1,000 or 100 USD/EUR/GBP/CAD No Monthly Service Fee FREE In Branch Deposit/Withdrawal/Cheque Encashment (up to J$1M) 1 FREE Manager’s cheque per month, Free bill payment J$ Only MinimumOpening Balance – J$5,000 No Monthly Service Fee FREE In Branch Deposit/Withdrawal/Cheque Encashment (up to J$1 M) FREE ACH & JMMB Bank Transfers, FREE Online Bill Payment Cheque Books available in sets of 200 leaves Interest accrued daily paid quarterly Bonus Interest paid twice annually

Size of property 58,362 sq. ft. Currency of payment

Investors will receive rental payments in both USD and JMD.

Cash yield

USD: 7.55 percent p.a. JMD: 10.6 percent

Currency

JMD

Tax

Tax not withheld at source

Retail Savings Account

Insurance

Property is insured

Offer period

October 6–13

A sale and leaseback constitutes an arrangement where the seller of an asset leases back the same asset from the purchaser. A leaseback arrangement is useful when companies need to untie the cash invested in an asset for other investments, but the asset is still needed in order to operate. The lessor benefits in that they will receive stable payments for a specified period of time.

Business Current Account (SMEs) (WITH CHEQUES)

TRIVIA 1. WHEN WAS THE JMMB BANK JAMAICA OPENED? A. Sept 1, 2016 B. July 1, 2016 C. August 14, 2017 2. HOW MANY LOCATIONS DOES JMMB BANK JAMAICA HAVE?

TAKE A BREAK!

4. WHAT ARE THE MONTHLY SERVICE FEES ASSOCIATED WITH JMMB BANK CURRENT ACCOUNTS? A. $850 B. $1,000 C. None at all 5. WHAT IS THE COST PER CHEQUE LEAF FOR JMMB BANK?

A. 3 B. 4 C. 6 3. TRUE OR FALSE

A. $50 B. $70 C. $100

JMMB Bank offers chequing accounts, current accounts, lower fees or no fees, home loans, car loans, business loans and debit cards.

BEACH CAPITAL CARIBBEAN COFFEE CRICKET

DIVIDENDS FOOTBALL JERK

PORT PRINCIPAL

ROYAL SHARE SWALLOWTAIL

MARKET NETBALL

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(876) 704-3734

PRST STD US POSTAGE PAID BOISE, ID PERMIT 411

JMMB Limited ATTN: Joan Edwards 23 Phoenix Avenue Kingston 10 Jamaica

(876) 704-3734 | www.jmmb.com

When People Care About People pg 1

Smarten Up Your Home pg 2

Meet Retail Banking Officer Ian Belcher! pg 2 An Investment Opportunity Just for You! pg 3

A Festival Fit for Heroes Monday pg 4

We are giving away dinner tickets for two at any restaurant of your choice to the first five clients who open a chequing account at JMMB Bank! (Conditions apply.)

FUN, FOOD AND MUSIC AT SHARKIES SEAFOOD FESTIVAL

Are you ready for the return of Sharkies Seafood Festival? After the outstanding success of last year’s festival, the Sharkies team has been hard at work planning a follow-up. Will they succeed? All signs point to yes!

For years, Sharkies Seafood Restaurant has been a beloved staple of Saint Ann Parish, so you know you’ll find good eating at this festival. Come hungry and

If you grab your tickets early, adults get in for $1,500 and VIP passes are just $2,000. Or, get tickets at the gate for $1,800 and $2,500 respectively. Children 12 and under enjoy free rides and activities all day in the Kiddie Village for just $1,000. Be sure to check out the official Facebook page at facebook.com/sharkiesseafoodrestaurant to receive updates about the event.

expect to be served schools of delicious fish along with conch, lobster and Sharkies’ famous shrimp. Nestled right on the beach, there’s no better place to dine on seafood or listen to incredible music.

With fun, music and food for all, once again it looks like Sharkies Seafood Festival will be the place to be on Heroes Monday!

Over a dozen of Jamaica’s favorite artists are scheduled

to perform at this event, headlined by Freddie McGregor, Agent Sasco, Tommy Lee Sparta and Tanto Blacks. In addition to great music, at Sharkies Seafood Festival you’ll find activities the whole family will love. Fire dancers, games, treasure hunts, dancing and hourly giveaways will make for a whole day of fun.

2017 Sharkies Seafood Festival Heroes Monday, October 16 10 a.m.–10 p.m. Sharkies Beach in Salem, Runaway Bay, Saint Ann

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