TWO of Jamaica’s leading conglomerates — Jamaica Broilers Group and Wisynco Group Caribbean Limited — have announced that they will be major investors in a new boutique financial house, called BCW Capital.

The financial organisation plans to open to the public in the second quarter of 2012, subject to the receipt of the necessary regulatory approvals. BCW Capital is currently completing the build-out of its state-of-the-art headquarters in New Kingston.

President & CEO of the Jamaica Broilers Group Christopher Levy said: “BCW Capital will draw upon the core values, heritage, integrity, trust and stability of our two companies, with a clear mission to be the most customer-centric financial services company in the Caribbean.”

Managing Director of the Wisynco Group Caribbean William Mahfood noted that: “We are upbeat about Jamaica’s prospects and are confident that this investment in BCW Capital will assist families and companies in building wealth and achieving their financial goals.”

Representatives from both Jamaica Broilers Group and Wisynco Group will sit on the board of directors, which will be chaired by Aubyn Hill, former group managing director of National Commercial Bank Jamaica Limited, who turned around the finances of that bank within two years. He also established Nation Growth Micro Finance Limited, which extends working capital to micro and small enterprises.

Hill has been a senior executive and CEO in the banking and finance industries for more than 26 years and has done business in over 100 different countries.

The two partners of BCW Capital will be Charles Chambers, who will hold the position of Managing Director, investment banking and Gerry Wight, managing director, operations. Chambers is recognised as one of the leading investment bankers in the Caribbean. He has held senior positions at JMMB and NCB Capital Markets and most recently been managing director of Royal Fidelity Barbados.

Gerry Wight currently sits on the Investment and Audit Committees at Advantage General and has held such senior positions as director of Corporate Banking and Small Business at CIBC/First Caribbean Jamaica and senior assistant general manager, Corporate Banking at National Commercial Bank Jamaica

During his banking career, Wight has closed several of the largest multi-jurisdictional corporate banking deals in the Caribbean. Most recently, he led a team of over 2,000 professionals at Guardsman Limited.