June 2009

The Capital & Credit Financial Group (CCFG) celebrated its 15th anniversary on Saturday January 24, 2009, marking 15 years of consistently robust performance and significant contribution to the local economy, the financial sector and national development.

To mark this achievement, a calendar of events over the year has been planned to celebrate this milestone achievement beginning with a Commemorative Church Service at the Garrison Church of Ascension, Up Park Camp in Kingston on Sunday February 1, 2009.

It is an entrenched philosophy in the Capital & Credit Financial Group that investing adequate resources into Education, results in a ‘win win situation for all. 
Proudly, 24 year old Fast Bowler and Capital & Credit Scholarship Recipient, Gavin Wallace has added veracity to this concept with his excellent performance in the game of Cricket resulting in many wins for Jamaica’s Team.

Capital & Credit Remittance Limited (CCRL) has appointed a General Manager to operate its local remittance business.

On March 1, 2009, Mrs. Sheron Dixon-Brown, formerly the Manager of Remittance Services at CCRL, was appointed General Manager by Chairman & Group President of Capital & Credit Financial Group, Ryland T. Campbell, who says the appointment will effect better efficiencies, synergies and ultimately increased profitability for the money transfer business. 

In her newly created post, Mrs. Dixon- Brown, has responsibility for the management of the overall local Remittance Operations as well as the Business with overseas alliances.

According to Mr. Campbell, organisational strategies implemented for the remittance business resulted in positive trends in profitability by the end of 2008, although this business arm lagged behind in the delivery of strong performance compared to its sister companies in the Group.

For her part, Mrs. Dixon- Brown says, “Plans are in place to thrust the remittance business on a more focused path to growth and profitability.” 

Sheron Dixon-Brown has 22 years experience in the financial industry, specialising in customer service and operations.  She holds an MBA in International Business from the Mona School of Business, University of the West Indies (UWI) and also a Bachelor of Science Degree in Accounting & Management (Honours) from the UWI.
 
CCRL was established in 1996 and provides money transfer services, through franchise products from remittance partners in the United Kingdom, North America (including Canada) and the Caribbean, via its own flagship brand, Reggae Money Express.

Deputy Group President of Capital & Credit Financial Group and Chairman of the Jamaica Stock Exchange, Curtis Martin, says the next twelve months will demand intense cooperation among Jamaica’s Central Bank, Government, Bankers and Manufacturers to mitigate any dramatic depreciation in the local currency. 

Mr. Martin said if the reduction in remittance flow continues and Jamaica is unable to access foreign currency from the International Capital Market, the Net International Reserves (NIR) could come under additional pressure.