Check out our May newsletter!
MAY 2018
JMMB ... IN YOUR WORLD
www.jmmb.com | 876 877 5512
IT’S WORK, IT’S LIFE, IT’S LOVE! Alaine Samuels on Finding Balance
I have always had a love for finance. This
who loves to travel, I get to do just that. Health and wellness also play a big part in my life. My daily routine includes preparing healthy meals and going to the gym. And I can’t forget my family and friends! They all play a huge role in my life, and I truly enjoy spending time with them whenever I get the chance.
“At JMMB, we are more than colleagues and coworkers; we are family!”
passion really started during my high school years and only got stronger when I attended university, where I majored in banking and finance. I went on to earn an MBA in finance, as well.
At JMMB, we are more than colleagues and co-workers; we are family! There is just so much love and respect within my team; it makes JMMB such a pleasant place to work. Plus, it’s an environment that offers a lot of professional growth, development, and challenges for myself and my colleagues alike.
My career trajectory brought me to the JMMB Group. I had always heard about the unique culture at JMMB and thought it would be amazing to be a part of the dynamic team. I had also read a lot
about the co-founder of JMMB, Mrs Joan Duncan.
Mrs Duncan’s story was absolutely inspiring. She had a deep passion for seeing that every Jamaican had the opportunity to turn their dreams into reality, no matter their financial background. I am now a part of that dream, which means everything to me. As a Personal Portfolio Manager at JMMB, it’s incredibly satisfying to know that I played a role in clients achieving their respective goals. Moreso, I have been able to develop a strong relationship with each and every one of them, which makes it all the more rewarding. JMMB fosters a healthy working environment, allowing everyone to be open, honest, and truly themselves. As my colleagues have stated in past editions of the newsletter, JMMB has a culture that is built upon a greater culture of love. There is also a great work-life balance. As someone
After all, you cannot grow without challenges. Every day, I look forward to the new challenges that greet me at my desk, because I get to think creatively to find solutions. Each challenge is unique. Each situation is unique. When I can break through to a solution, knowing I was able to make a difference leaves me with a great feeling of accomplishment, whether it’s a difference for a client or a difference within the company. When I really get down to it, in everything I do, I allow God to guide my steps, and I am presently living in my purpose. I am a winner and never limit myself to a box. –Alaine Samuels, Personal Portfolio Manager
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876 551 7739
Published by The Newsletter Pro • www.NewsletterPro.com
ENRICH YOUR VACATION
Buy Local When You’re Abroad
ART Just as your town probably has local artisans who produce unique and interesting work, the same is true for your vacation destination. Anyone can get a gift shop bauble that was mass- produced somewhere else. Take the time to peruse market stalls and craft fairs while you travel. It can lead you to some truly special souvenirs, and you’ll support the arts and traditions of the region! PEOPLE While you’re out sampling local restaurants and exploring local markets, you’ll meet plenty of local people. Don’t be afraid to strike up a friendly conversation. You can make new friends around the globe and learn about their unique experiences. One of the most enriching experiences in life is meeting new people and gaining new perspectives. MEMORIES Treasured memories are the best souvenir you can bring home from any vacation. So you owe it to yourself to get out and explore!
The virtues of buying locally sourced food and supporting small businesses have been widely extolled. But we rarely think to apply the same practices when we travel. Many Americans spring for all-inclusive packages when planning their next summer vacation, but doing so means they’ll miss out on some of the best aspects of the culture they’re visiting. Part of the joy of traveling is having new experiences you can’t have at home. Whether you’re in another state or another country, you owe it to yourself to seek out the unique aspects of that location. But to find the character and quirks of your destination, you’ll have to explore beyond the hotel lobby. FOOD Why have a cheeseburger from a fast-food chain when you can try a local favourite? A great way to start is by asking your taxi driver or hotel concierge about their favourite place to eat. You’ll discover new foods and flavour combinations, and the locally owned restaurant is sure to appreciate your business!
JMMB at a Glance
Meet Kareem Tomlinson
Over the years, JMMB has established itself as a dominant player in the local fixed-income market. Looking forward, we’re establishing ourselves as a dominant player in the equities market by way of JMMB Securities Limited.
The reason why is simple: “Working in the financial industry is as challenging as it is rewarding. The industry is a fast-paced and dynamic one in which you are often required to think on your feet to find solutions to complex problems. Generally, no two days are the same. This is exactly the type of environment I thrive best in.” And in this fast-paced world, Kareem offers a piece of advice: “If you never ask, the answer will always be no. Never be afraid to explore new frontiers, push new boundaries.”
That’s where Kareem Tomlinson comes in. He’s the General Manager for JMMB Securities Limited, the equities arm of the JMMB Group. This arm is responsible primarily for the Group’s equity-related business lines. Broadly, he develops and implements JMMB Securities Limited’s strategy to drive the company’s growth within the context of JMMB’s Group overall long-term vision and strategy. Kareem has been a part of the financial industry since 2007, when he joined JMMB as ETM Migration Officer at the Haughton Terrace branch. Since then, he has served in a number of other capacities within our Financial Analysis and Control Team (FACT), our Market Risk Department, and our Group Capital Markets Unit. In short, his career in the financial industry has been with JMMB and, as he puts it, “I would have had it no other way.”
Contact Your Personal Portfolio Manager: 1. Alaine Samuels – 551 7739 2. Gillian Bernard – 550 8020 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) – 551 0521 8. Joan Edwards – 877 5512
Or, as the late, great Muhammad Ali put it:
“Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it. Impossible
is not a fact. Impossible is an opinion. Impossible is nothing!”
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AN INVESTMENT OPPORTUNITY (JUST FOR YOU)
TRANCHE 1
TRANCHE 2
TRANCHE 3
TRANCHES
Fixed Rate JMD Bond—Up to J$3.84B
Fixed Rate US$ Indexed Bond—Up to US$20M (J$ equivalent)
Fixed Rate USD Bond – Up to US$5M
COUPON RATE
[8.50%] per annum
7.00%per annum
6.50%per annum
INTEREST PAYMENT DATE
Annually —first 2 years and semi-annually thereafter
Annually —first 2 years and semi- annually thereafter US$80K (J$ equiv) and multiples of US$10k (J$ equiv).
Annually —first 2 years and semi-annually thereafter US$80K and multiples of US$10K
MINIMUM SUBSCRIPTION:
J$5M and multiples of J$1M
TAXATION
Payments of Interest due from the Issuer will not attract withholding tax.
COLLATERAL ARRANGEMENTS:
• A Jumbo Bond held by the Trustee on behalf of the Bondholders • Bond Purchase Agreements. • Trust Deed. • Deed of Assignment, to assign and transfer US$80M of distributions due from the ICC during the years 2020–2023 • Irrevocable Letter of Undertaking from the ICC to remit to Trustee US$80M over 4 years 2020–2023from amounts due to CWI. • Charge over Investment Account in favour of the Trustee for the benefit of Bondholders
PRINCIPAL REPAYMENT:
Principal will be repaid in full on Maturity Date.
TRIVIA
TAKE A BREAK! P W H D G F P K D I J H D B E R O S A G T I V A N R S N M N X J R Q Z N D S P S A F Z N I J N L T G K N G D U W L O T A X A V S F I P Z A R R Z S B L R J T Z U O J V K A O J E I A L O D P V Y L U R N U K H M T N U O N Z A I I E C T E Y K V Q U P K R O W D O E F B C K V I N V E S T M E N T E B Z A M Z T W S G D G A E A Y H I E Z A J U D K Z Q K F V S S E X F N X Y N J F R T Y M Y R E D Y J Y Y C N E R R U C A K B R B S D T E A M S L L K R Y H O V
3. WHO IS THE BRANCH MANAGER AT MANDEVILLE?
1. WHAT IS THE LONGEST RIVER IN JAMAICA? a. Green River b. Yallahs River c. Rio Minho d. Black River 2. IN OCTOBER 2007, WHOWAS THE CAPTAIN OF THE WEST INDIES CRICKET TEAM? a. Shivnarine Chanderpaul b. Brian Lara c. Ramnaresh Sarwan d. Chris Gayle
a. Simone Thomas b. Lance Duhaney c. Dian McLean d. Andrew O’Conner 3. WHICH OF THESE CRICKET PLAYERS HAS NOT BE KNIGHTED? a. Everton Weekes
b. Clyde Walcott c. Conrad Hunte d. George Headley
ALAINE CURRENCY INSURANCE INVESTMENT ALAINE CURRENCY INSURANCE INVESTMENT ISLAND KAREEM KINGSTON
ISLAND KAREEM KINGSTON MAY
PORTFOLIO TEAM
3 876 704 3734
JMMB Limited ATTN: Joan Edwards 23 Phoenix Avenue Kingston 10 Jamaica
876 704 3734 | www.jmmb.com
Alaine Samuels on Finding Balance pg 1
The Key to a Memorable Vacation pg 2
Meet KareemTomlinson, General Manager for JMMB Securities Limited pg 2 INVESTMENT OPPORTUNITIES JUST FOR YOU! pg 3
A Festival You Can’t Miss pg 4
ARTISTIC DIMENSIONS 2018
CELEBRATE ART AND CULTURE OF THE CARIBBEAN
Where can you find the most expansive display of Caribbean identity and culture from artists across
guest performance by Nickeishia Barnes. This year, expect even more talent from many more Caribbean countries and performers.
Caribbean countries? Only at Artistic Dimensions!
Proceeds from this festival benefit the Artistic Dimension Fund, which provides financial assistance to struggling yet promising students of the arts. By attending this festival, not only are you supporting local artists and creators, but you’re helping empower future generations of Caribbean artists. Visit facebook.com/artisticdimensionsfestival for more information.
Painters, musicians, fashion designers, filmmakers, dancers and creators in all areas of the arts come together to celebrate and preserve the unique cultural identity of the Caribbean. A festival for all ages, your whole family will love this incredible event. Browse the exhibitions to find your new favourite artist, attend the film festival featuring works of local filmmakers and stick around for the stage show full of live music, poetry and dance!
ARTISTIC DIMENSIONS 2018 Sunday, June 3 12–9 p.m.
Edna Manley College of the Visual and Performing Arts
Last year, Artistic Dimensions was proud to showcase the works of artists from Jamaica, Trinidad and Tobago, Florida and Kenya, with a special
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