JMMB Group Appoints Peter Thompson as Chief Client Investment Officer to Bolster Client Goal Achievement

JMMB Group recently announced the appointment of Peter Thompson to the role of chief client investment officer. In his capacity, Thompson will lead the design and oversee the implementation of the Group client managed portfolio framework, to facilitate the consistent optimization of returns on the portfolios for all off-balance sheet portfolios, across the JMMB Group of companies, in Jamaica, Trinidad and Tobago and Dominican Republic. 

In sharing her joy in the elevation of this role to the C-suite, Donna Duncan-Scott, group chief culture and human development officer, shared, “This is in keeping with JMMB’s commitment to have the client’s best interest at heart, and we are the one of the few, if not only local financial institution, that has elevated such a role to the C-suite, which underscores the significance of our focus on clients. This role is purely focused on ensuring that our client investment framework, policies and systems maximize portfolio returns for our clients, based on their risk appetite, investment objective and time horizon, at the same level of prowess and prudence that we apply to the company’s own portfolio.”  The group chief client investment officer will guide a team of investment professionals across the Group to ensure that client capital is diversified across a wide range of assets classes, especially off-balance sheet assets, in varying countries in the Group, thereby creating increased opportunities to maximize their returns; guided by a sound governance structure, investment strategy and the changing macro-economic environment. “The sole focus of this role is therefore, the execution of an independent investment strategy that serves the client’s best interest.  The underlying principle is a win-win partnership, for our clients and the company,” the JMMB Group exec added, “because when our clients succeed, so do we.”

Thompson brings his more than 20-year career in finance and investments in the local financial sector to the role. Additionally, he has an in depth understanding of the JMMB Group portfolio having served in several capacities at JMMB, including: research analyst, business development analyst, business development manager, group product portfolio manager and group client investment manager. Additionally, he holds both a Master and Bachelor of Science degree in Economics from The University of the West Indies, Mona and is also a CFA charter holder; in addition to being a founding member of the CFA Society of Jamaica. 

Keith Duncan, JMMB Group CEO notes,” The establishment of this role underscores the company’s commitment to best interest of our clients, as we seek to bolster client portfolio management in a challenging and changing economic climate, while providing the best risk-adjusted returns.” Adding, “Thompson has successfully led several investment management strategic initiatives including: the investment management service solution, to provide support to our corporate clients; management of the JMMB pension and unit trust portfolios, and introduction of other financial solutions, to diversify our client portfolio. We therefore look forward to our clients reaping the rewards of this heightened focus and the breath of expertise being leveraged by the wider JMMB Group team, led by Thompson.