Our Story
Thirty years ago, Joan Duncan and Dr. Noel Lyon had a vision to create financial opportunities so that people from all walks of life could achieve their financial goals. How would they do it? By pioneering the money market in Jamaica and building it into a multi-faceted financial institution, underpinned by the core values of love, openness, genuine care, integrity, transparency and honesty.
Armed with expertise and a firm belief in the potential of all human beings, these kindred spirits co-founded Jamaica Money Market Brokers (JMMB).
Today, we celebrate with our over 412,000 clients and 900+ team members that 30 years later, we have grown to become a regional financial services provider in Jamaica, the Dominican Republic and Trinidad & Tobago, offering: investments, banking, consumer financing, money transfer, funds management and insurance brokerage, that help individuals and businesses to transform their dreams into reality.
As we grow, we remain committed to our belief that our success is rooted in our Vision of Love and best interest of all – our clients, our team, our shareholders and our countries.
Thank you for partnering with us, we look forward to serving you for the next 30 years and beyond.
“JMMB has provided a nurturing environment that has fostered my growth & importantly built lifelong friendships with people who are more than friends, but truly family.” - Carolyn DaCosta, Team Member for 27 Years
Our Journey
Milestones
Our Journey Continues
Our growth and success have been realized as a result of our carefully executed strategy, designed to meet the needs of our clients. As we embark on the journey for the next 30 years and beyond, together, we look forward to partnering with you through:
Further build-out of regional diversification strategy to deepen our partnership with our clients.
Enhancing digital experience to improve the client experience with an omni-channel approach.
Introducing new financial solutions to better meet the needs of our clients.
Business line diversification to bolster our core earnings and add shareholder value.
Inorganic growth through mergers and acquisitions to expand the group’s footprint.
Increase operational efficiency by leveraging synergies and offering a seamless client experience, thereby improving the group’s growth prospects.
Standing for the Greatness of our Communities
The JMMB Joan Duncan Foundation, established in 2009, honours the legacy of our late co-founder. The Joan Duncan Foundation provides an opportunity to formalize the company’s effort to build its communities and assist individuals to realize their greatness, alongside the wider team.
The Group’s philanthropic efforts over the years have largely been centred on these key areas:
Education
- Increasing scholarships and bursaries contributions.
- Establishing a US$2 million endowment at UWI and UTech, Jamaica.
- Supporting the development of competence in coaching education and sport development in Jamaica.
Transformational Training
- Implemented the Conversations for Greatness (CFG) programme in schools, resulting in positive shifts in the teaching and learning environments, interpersonal relationships, staff motivation, and conflict resolution.
- Over 80 schools and 5,400 teachers, administrators and other support staff benefited from the CFG programme.
- Launching the CFG app to increase the reach and access of the training to individuals.
Entrepreneurship
- Partnering with universities’ business model competitions in Jamaica, other non-profit organizations, providing financial backing and advisory services.
- Maintaining an ongoing relationship with UNPHU entrepreneurship center, in the Dominican Republic.
Community Outreach
- Supporting the Community for the Upliftment of the Mentally Ill (CUMI).
- Supporting orphaned children and those in state care.
- Hosting annual ‘Share the Love’ Christmas treat for those in need.
- Supported national COVID-19 initiatives for at-risk communities.
Total Donation (2005 – 2022):
J$1.01B
Beneficiaries Impacted (2019/2022 FY- 2021/22)
800+ organizations and 200 + individuals
"Love motivates the JMMB team to
serve our clients who are a very
special part of our family.” – Excerpt from the JMMB Group Vision of Love
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A Partnership
Powered by Love
Team Member Memories
Orleen Batson, Human Resources Officer, Culture & Human Development Team
Team Member for 27 years
- What do you love most about being a part of the JMMB team?
I love being able to make a positive impact on the lives of my team members, as I am uniquely positioned to support the attainment of their goals for personal and professional development in my capacity as human resources officer, with oversight for compensation, benefits and employee relations.
- How has JMMB Group stood for your greatness in achieving your goals – personal and professional?
From a professional perspective, JMMB Group has stood for my greatness with its unique culture that allows for flexi-work and supported me with childcare, this afforded a sense of freedom to focus on my personal passions, like my family, while balancing work.
- What one word/sentence would you use to describe our late co-founder Joan Duncan?
If I was to describe the late Joan Duncan, in a word, she was an authentic person, who truly cared for others, she has no pretense, a real down-to-earth person.
- JMMB Group has grown in the last 30 years, what achievement or milestone are you most proud of?
I am most proud of how JMMB Group changed the money market landscape, we have been not just pioneers in the space in Jamaica, but continue to be leaders in the financial industry in our own right.
- What message would you give to JMMB Group for the next 30 years and beyond, including a message to the team?
I would encourage JMMB Group for the next 30 years and beyond, to not lose sight of the basics that brought us to where we are today, stay grounded in our core values.
Carolyn DaCosta, Group Chief Compliance Officer & Corporate Secretary
Team Member for 27 years
- What do you love most about being a part of the JMMB team?
I love that JMMB Group has provided a nurturing environment that has fostered by growth personally and professionally and importantly form and build lifelong friendships with people who are more than friends, but truly family.
- How has JMMB Group stood for your greatness in achieving your goals – personal and/or professional?
JMMB Group has stood for my greatness by embracing who I am and allowing me to explore new ways of learning and thinking, and to bring innovation into my role. I have grown up in the company, starting at a time when there were just a few members of the team, beginning my journey at JMMB in 1995 as a branch supervisor, then going on to hold several senior positions including branch manager for JMMB’s then flagship location – Island Life, settlement manager, technical operations and compliance manager. Joining then provided me with the opportunity to develop and shape many of those roles and departments, laying a solid foundation for transformation as the organization grows and changes.
- What one word/sentence would you use to describe our late co-founder Joan Duncan?
The word that comes to mind when I think of our late co-founder is caring, she really had a genuine heart for people and loved to just see people improve their lives.
- JMMB Group has grown in the last 30 years, what achievement or milestone are you most proud of?
I am especially proud of JMMB for going public in 2003, listing on the Jamaica Stock Exchange (JSE). This was one of my first major projects I worked on, and although challenging I am happy to see that this step has propelled the further growth of the Group over the years.
- What would be your message to JMMB Group for the next 30 years and beyond, including a message to the team?
My message to the team who will continue to make JMMB Group what it is for the next 30 years and beyond is, you are going to spend the majority of your days and life at work and the only way to be truly satisfied is to do what you believe is great work and love what you are doing. Therefore, be purpose-driven, JMMB provides the way for you to create your professional path, so there is no need to wait on someone to create the path for you. Your future lies in your hands.
Rockann Clarke- Crawle, Manager, Client Partnership, JMMB Investments – Haughton
Team Member for 26 years
- What do you love most about being a part of the JMMB team?
I love the ease of communicating with persons at all levels, as we are all committed and focused on the same outcomes and we value and respect each other.
- How has JMMB Group stood for your greatness in achieving your goals – personal and professional?
JMMB has been a nurturing environment, that has allowed me to be me, the complete human being that I am. Additionally, my passions are supported and encouraged both on a personal and professional level; equally important, over the years, I have been given the space to make mistakes, learn and grow.
- JMMB Group has grown in the last 30 years, what achievement or milestone are you most proud of?
Seeing the concept of JMMB Group being a ‘one-stop shop’ coming to life, by way of our life goals centre concept in our integrated branches, so that we can serve our clients better.
- What would be your message to JMMB Group for the next 30 years and beyond, including a message to the team?
My message to JMMB Group for the next 30 years and beyond is, “We are a big deal and each person’s contribution is important and valued in the attainment of whatever big picture we envision, as such, we need to preserve our culture, as that is what differentiates JMMB from the rest.
Elaine Evans, Senior Caregiver
Team Member for 28 years
- What do you love most about being a part of the JMMB team?
I love that at JMMB, I feel a sense of belonging; the values of the company are aligned with my own personal values and that makes it so easy to interact with others.
- Share one of your fondest/most memorable experience since being at JMMB.
I recall a retreat where as a team we came together to create the company’s Vision of Love, which remains our guiding principle, the exercise brought us all to tears with Mrs. Duncan (Joan) and Donna crying enough for all of us … that was a day I will never forget. - How has JMMB Group stood for your greatness in achieving your goals – personal and/or professional?
JMMB facilitated my professional certification in practical nursing and early childhood care. I was given the opportunity to spearhead the setting up and certification of the nursery by the Early Childhood Commission. I am happy that I can work in my passion, as I truly enjoy my interactions with the young ones whose development I have been able to influence over the years, I am so proud of our nursery graduates, some of whom are now young professionals, as medical doctors, accountants, IT specialists, public relations and marketing officers, law enforcement officers, marine biologist, and so much more, having passed through the hands of the nursery team.
- JMMB Group has grown in the last 30 years, what achievement or milestone are you most proud of?
I am most proud to see that this small organization that started with one office has expanded into other Caribbean territories and we also have our own bank.
- What would be your message to JMMB Group for the next 30 years and beyond, including a message to the team?
My message to JMMB Group for the next 30 years and beyond is, “Let us keep our unique culture alive.”
- What is one lesson that you learnt from co-founder, the late Joan Duncan?
The biggest lesson I learnt from the late co-founder, Joan Duncan was the importance of teamwork. When JMMB went public in 2003, the team members were all huddled late in the evenings balancing and doing other end-of-day activities and the nursery remained open until 1 am attending to the little ones that were left in our care, as the team worked to make it all possible. The aunties all rallied together to support the process so that parents would not have had the added stress of worrying about the care and comfort of their children, together we did it and many years later. I am happy to see that years later, we have an online system, JMMB Moneyline, that makes these offerings easier.
Celebrate with Us!
30th Anniversary Cake Cutting
November 7, 2022
All JMMB Branches
Client Appreciation Day
December 9, 2022
All JMMB Branches