PORT OF SPAIN, Trinidad — President of the Private Sector Organisation of Jamaica and former chief executive officer of National Commercial Bank (NCB), Patrick Hylton, has been appointed chairman-designate of Massy Holdings, effective June 1, 2026.

In a statement issued Thursday, the company said outgoing chairman Robert Riley will remain in the role for the time being, continuing to lead the board and exercise all powers, duties and responsibilities associated with the office.

A long-serving director of Massy Holdings, Hylton brings more than 30 years of experience in banking, finance and corporate governance.

The board highlighted his leadership at NCB Financial Group, where the institution grew to become Jamaica’s largest and most profitable financial entity and one of the leading financial services groups in the English-speaking Caribbean.

Hylton has also served as chairman of Guardian Holdings Limited and is widely recognised for his strategic leadership, operational discipline, commitment to innovation and customer-focused approach.

According to Massy Holdings, the appointment is part of a structured succession planning process aimed at ensuring strong corporate governance, leadership continuity and an orderly transition of board leadership over the long term.

The company also noted Hylton’s significant contribution to the restructuring of Jamaica’s financial sector during the 1990s, a period that helped strengthen the stability of the industry.

Congratulating Hylton on his appointment, the board said his extensive experience across financial services, insurance, private equity, retail and distribution, combined with his deep understanding of regional business, has provided valuable insight and perspective to the company.