April 23, 2014
Proven buys First Global Financial Services
KINGSTON, Jamaica — Proven Investments Limited has inked a deal with GraceKennedy Group to acquire First Global Financial Services for J$3.05 billion.
After regulatory approval and upon completion of the purchase, Proven will change the name of the securities dealer and eventually merge it with its wealth management arm, Proven Wealth.
GraceKennedy plans to focus on further investment to expand First Global Bank in Jamaica and its financial services regionally.
More information in tomorrow’s Observer