Jamaica National to convert Cayman entity into commercial bank caymancompass.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from caymancompass.com Daily Mail and Mail on Sunday newspapers.
Earl Jarrett (right), Chief Executive Officer, The Jamaica National Group, converses with Elaine Harris (second left), Honorary Vice-Consul – Jamaican Consulate and Jermaine Deans, managing director of JN Cayman, during a welcome reception held in honour of the managing director last year.
On the heels of its launch of JN Bank in the United Kingdom last year, The Jamaica National Group is gearing up to establish JN Bank in The Cayman Islands.
Speaking at the 4
th Annual General Meeting of The Jamaica National Group, Earl Jarrett, chief executive officer, said the group has signalled its intention to Cayman authorities that it will be changing its business model.
First published by Global Legal Group, January 2021.
The subscription credit and fund finance markets have remained
relatively robust over the course of 2020, though the COVID-19
pandemic has presented certain challenges for market participants.
Growth in this area over the past few years was driven in part by
expansion of the product into a broader range of fund types,
increasing take-up by fund sponsors who had not traditionally used
the product in their fund families, record levels of fundraising
and an increasing number of net asset value (NAV) facility
closings.
Overview
While certain banks have continued to increase their book of
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The subscription credit and fund finance markets have remained
relatively robust over the course of 2020, though the COVID-19
pandemic has presented certain challenges for market participants.
Growth in this area over the past few years was driven in part by
expansion of the product into a broader range of fund types,
increasing take-up by fund sponsors who had not traditionally used
the product in their fund families, record levels of fundraising
and an increasing number of net asset value (
NAV)
facility closings.
Overview
While certain banks have continued to increase their book of