JMMB excelling in Dom Rep

JMMB is boasting that its Dominican Republic operation, JMMB Puesto de Bolsa, is blazing a trail for other securities dealers in that country to follow.

Keith Duncan, CEO of JMMB, revealed on Wednesday that, despite challenges in the regulatory environment and periods of instability in the Dominican market, the company was able to generate a profit of US$10.3 million.

"These results are the highest level of profitability by any securities company in the history of the Dominican Republic," he declared to loud applause at JMMB's annual general meeting in Kingston.
    

JMMB Puesto de Bolsa was designated the top market maker in the Dominican Republic by the Ministry of Treasury and Superintendent of Securities. It was given this designation for being the company with the most transactions.

Investment mode

                                                   

In the meantime, Mr Duncan says while JMMB is looking to settle down and consolidate over the next few years, it is still in investment mode, highlighting the recent launch of JMMB Investments, Trinidad & Tobago, and the acquisition of AIC Securities in that country.

"This is just the beginning for investments in Trinidad & Tobago," he declared.