JMMB Group Limited on Thursday announced new heads of its capital markets, treasury, investments and risk departments.

The changes took effect on April 1, 2019.

Heading the changes is Julian Mair who has been appointed JMMB’s Group chief capital markets officer. Mair has over 20 years of experience in the financial services sector and has played a significant role in the development of JMMB’s capital markets in Jamaica, Trinidad, and the Dominican Republic.

“Known for his proven ability to spot, structure and create win/win opportunities for our clients and for the Group, we have every confidence that Julian will assume this new role, with distinction,” JMMB said in a statement to shareholders on the Jamaica Stock Exchange.

Hugh Duncan, who successfully developed the group’s capital markets operations, will now lend his wealth of expertise, on a consulting basis, to the build-out of the group’s treasury offerings.

Duncan will also continue to serve as a member of the JMMB Group and JMMB Bank (Trinidad and Tobago) Boards of Directors.

JMMB has also appointed Damion Brown to the role of group chief investments officer with responsibility for managing the performance of proprietary investments across the group and the deployment of capital.

“Based on Damion’s stellar performance in the role of JMMBGL’s group chief risk officer, members of our Board of Directors, along with the rest of the leadership team, are very pleased and confident in Damion’s ability to assume this new role, and support the team across the group to create value for all,” JMMB said.

Consequent on Damion’s transition to this new role, Dereck Rajack has assumed the role of group chief risk officer. Rajack has been the chief risk officer at JMMB Bank (Trinidad and Tobago) since August 2016 and prior to that has had extensive experience in credit risk, market risk, and overall business risk management functions.

“The board and leadership team are confident that his sound knowledge, judgement, and understanding of the Group’s risk and overall business model, will greatly enhance the depth of expertise in the Group, in this respect,” the financial institution said.