Change at Scotia Group top slot.
Scotia Group (SGJL) announced that Jackie Sharp, President and Chief Executive Officer and Head of Caribbean Central and North, will be leaving to join her family business, effective October 31.
In August 2013, the group appointed Sharp as its first female president and CEO, effective September of that year. Sharp was also appointed a director of the SGJ and the Bank of Nova Scotia Jamaica.
As CEO it not only marked the first female to be appointed to that post but the first person who did not have an early career start in the bank to make it to the top executive post, her rise is sharp indeed, taking a mere 15 years after joining the bank. The resignation brings her career at the financial group to 20 years.
Jacqueline Sharp
According to the release from the group, Jackie Sharp joined the group in 1997 as a Management Trainee and held a number of key positions including Private Banking, Insurance, and Finance, before assuming the Country Head role, and most recently Head of Scotiabank’s Caribbean Central and North covering Jamaica, Bahamas, Cayman, Belize, British Virgin Islands and Turks and Caicos Islands.
“Jackie has made significant contributions to Scotiabank and the community over the years, achieving strong financial results while becoming one of the most respected leaders in the financial sector in Jamaica and the Caribbean”, said Brendan King, Senior Vice President, International Banking, Scotiabank. “We are very grateful for her dedication, consummate leadership and passion over many years at the Bank, and wish her well in her new endeavours as she joins her family business in Jamaica.”
In the first year of her reign Scotia Group Jamaica reported a fall of $774 million or 7 percent in net income to $10.1 billion for the year ended October 2014. Profit rose 14 profit to $11.6 billion for the 2016 year from $10.1 billion in 2015.
Scotia’s closest competitor on the other hand for the year to September 2014 enjoyed a 36 percent, or $3.1 billion increase to $11.6 billion and made profit of $14.4 billion in 2016 versus $12.3 billion in 2015 for a rise of 17.5 percent.
David Noel
Scotia results for six months to April showed profit up 14 percent to $5.7 billion while NCB grew 58 percent to $9.5 billion.
Sharp is being replaced by David Noel as President and Chief Executive Officer, and Head of the Caribbean Central and North regions. Noel joined Scotiabank in Jamaica in 2001 as Legal Counsel before moving to Canada in 2008 on a leadership development rotation in Toronto.
In 2010, he took on the role of District Vice President for East New Brunswick and Prince Edward Island. He returned to Toronto in 2012 where he worked in Global Risk Management. In 2013 he was appointed Managing Director, Caribbean East, leading the Bank’s operations in Barbados and the Eastern Caribbean. In November 2016, he was appointed Deputy Chief Executive Officer of the Scotia Group with responsibility for the subsidiary units, including retail and commercial banking, life insurance, investment management and brokerage, micro-finance and mortgages.
Trading activity rose on Monday in the main market of the Jamaica Stock Exchange with 9,375,844 units valued at $169,350,761 changing hands, but one stock, 
Portland JSX exchanged 2,000 shares at $9.25, Pulse Investments lost 4 cents, closing at $1.95 with 195,848 shares, Radio Jamaica closed at $1.23, adding 1 cent with 36,482 stock units changing hands, Sagicor Group closed $1.25 lower to $32.85 trading 8,070 shares, Sagicor Real Estate Fund ended at $10.99, after losing 97 cents with 10,000 shares trading, Salada Foods closed at $8.50 with 200,000 shares, Scotia Group jumped $2, to a record close of $52 with 93,121 shares traded, Sterling Investments gained 10 cents, closing at $12.85 with 100 units, Supreme Ventures closed at $12.90 with 505,077 shares. Margaritaville Turks US ordinary share closed at 30 US cents with 2,904 units, Proven Investments US ordinary shares closed at 24 US cents with 2,298 units, recently listed Productive Business Solutions US ordinary share closed at a record high of 72 US cents, gaining US12 cents with 500 units, JMMB Group 7.5% preference share ended at $1.16 with 50,000 units and Productive Business Solutions 9.75% cumulative redeemable share closed with a gain of $5 at a record high of $105 with 900 shares.
Trading on the Junior Market of the Jamaica Stock Exchange closed on Monday with 23 securities changing hands, resulting in an exchange of 11,400,134 units valued at $44,912,427 compared to 689,176 units valued at $4,663,095 on Friday. 
In contrast, August closed with average of 234,437 units at $1,295,260 for each security traded.
General Accident concluded trading at $2.80 with 45,202 units changing hands. Honey Bun ended with a loss of 90 cents, at a 52 weeks’ low of $4 with 5,500 stocks, Jamaican Teas concluded with a loss of 78 cents, at $4.22 with 27,526 shares, Jetcon Corporation finished 10 cents higher at $4.60 with 659,398 units, KLE Group traded 15 cents higher at $3.20 with 98,599 units. Knutsford Express ended 49 cents higher at $14.99 with 11,569 units, Lasco Distributors traded at $6.90 with 55,144 stocks, Lasco Financial finished the day with a loss of 5 cents, at $3.85 with 80,835 units, Lasco Manufacturing settled with a loss of 15 cents, at $4.30 with 28,930 stocks. Medical Disposables finished $1.08 higher at $5.35 with 7,060 units, Paramount Trading concluded market activity at $2.70 with 35,000 shares, Stationery and Office finished at $4.20 trading 74,962 shares, tTech traded with a loss of 46 cents, at $6.05 with 4,500 units and Eppley closed at $6.60 with 2,592 shares.
The main market ended trading with an average of 390,660 units valued at $7,056,282 for each security traded compared to an average of 54,120 units valued at $1,499,145. The average volume and value for the month to date ended at $222,390 units with an average value of $4,277,863 compared with an average of 54,120 units valued at $1,499,145 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.
Mayberry Investments lost 20 cents, closing at $4.30 with 199,098 stock units, 
Trading on the Junior Market of the Jamaica Stock Exchange closed on Friday with 19 securities changing hands, resulting in an exchange of 689,176 units valued at $4,663,095 compared to 1,911,988 units valued at $7,957,392 on Thursday. 
Trading ended with an average of 36,272 units for an average of $245,426 in contrast to 95,599 units for an average of $397,870 on Thursday. In contrast, August closed with average of 234,437 units at $1,295,260 for each security traded.
Dolphin Cove settled at $17.30 trading 200 units, Express Catering fell 7 cents, to $4.70 exchanging 12,895 stock units, General Accident ended at $2.80 with 9,956 shares, Honey Bun finished at $4.90 with 14,470 units, Jamaican Teas concluded trading 40 cents higher at $5 with 500 stocks, Jetcon Corporation closed with a loss of 30 cents, at $4.50 with 17,858 shares, KLE Group settled 5 cents higher at $3.05 with 25,147 units, Key Insurance closed at $3.10 with 1,857 stock units, Knutsford Express ended at $14.50 trading 64,743 shares, Lasco Distributors settled with a loss of 10 cents, at $6.90 with 388,392 stock units, Lasco Financial finished 25 cents higher at $3.90 with 26,100 units, Lasco Manufacturing settled with a loss of 15 cents, at $4.45 with 2,300 units, Medical Disposables traded 1 cents higher at $4.27 with 9,073 shares and Stationery and Office settled at $4.20 with 97,647 shares changing hands.
Pulse Investments gained 4 cents, closing at $1.99 with 4,826 shares, Radio Jamaica closed at $1.22 with 1,000 shares, Sagicor Group closed at $31.80 with gains of 20 cents trading 44,472 units, Sagicor Real Estate fund ended at $12.05, after gaining 5 cents with 500 shares, Salada Foods dropped $2 to $8 with 100,000 shares, Scotia Group advanced $3 to $50 with 75,994 shares, Scotia Investments eased 1 cent to $35.50 with 200 shares, Seprod traded 2,500 shares at $33, Sterling Investments declined $1.25 to $12.75 with 2,000 shares, Supreme Ventures closed at $12, gaining $1.01 with 114,906 shares. Margaritaville Turks US ordinary shares closed at 30 US cents with 1,000 units, Proven Investments US ordinary shares closed at 24 US cents with 51,749 units, Jamaica Money Market Brokers 7.5% preference share with gains of 15 cents, closed at $2 with 745,140 units and Proven 8.25% cumulative redeemable preference share gained 40 cents to close at $5.50 with 21,000 units.
Trading on the Junior Market of the Jamaica Stock Exchange concluded trading on Thursday with 20 securities changing hands, 6 advanced, 9 declined and 5 traded firm leading to the index rising 5.60 points to 3,098.90.
At the close of the market, the volume of stocks trading and their last traded price are: Access Financial that finished $2 higher at $49 with 1,465 units, AMG Packaging closing 3 cents higher at $3.48 with 40,200 stock units, C2W Music concluded with a loss of 2 cents, at $0.43 with 149,354 stocks, Caribbean Flavours finished with a loss of $1.29, at $11.71 with 200 units, Caribbean Producers traded at $3.80 with 43,254 shares. Consolidated Bakeries ended with a loss of 35 cents, at $1.95 with 6,000 stocks, Eppley finished at $12 trading 5,030 units, Express Catering ended 57 cents higher at $4.77 with 141,480 units, Honey Bun concluded trading 10 cents higher at $4.90 with 100 shares, Jamaican Teas ended with a loss of 23 cents, at $4.60 with 36,260 units, Jetcon Corporation settled 
at $4.80 with 641,573 shares, after trading as low as $4.50. KLE Group settled with a loss of 15 cents, at $3 with 54,650 units, Knutsford Express settled at $14.50 exchanging 13,642 shares, Lasco Distributors ended with a loss of 15 cents at $7 with 106,910 units, Lasco Financial finished with a loss of 34 cents, at $3.65 with 355,750 stock units, Lasco Manufacturing closed 20 cents higher at $4.60 with 39,332 units, Main Event closed with a loss of 55 cents, at $4.50 with 21,962 shares, Paramount Trading settled at $2.70 with 89,960 shares, Stationery and Office ended 20 cents higher at $4.20 with 122,234 units, as it may have found a bottom after trading shortly after listing at $6 before pulling back in to the mid $3 range and tTech finished with a loss of 4 cents, at $6.51 with 42,632 shares.
JMMB Group gained of 20 cents and closed at $20.95 with 19,820 shares. Kingston Wharves closed at $32 with 150 shares, Mayberry Investments exchanged 97,980 shares at $4.60, 1834 Investments ended with a loss of 10 cents, closed at $1.30 with 342,520 shares, PanJam Investment climbed $1.52 to $34.50 with 6,000 shares. Pulse Investments fell 4 cents to $1.95 with 109,500 shares, Radio Jamaica lost 8 cents to close at $1.22 with 3,611 shares, Sagicor Group closed at $31.60 with a loss of 40 cents trading 43,720 shares, Sagicor Real Estate Fund closed at $12 with 8,983 shares, Scotia Group closed $1 higher at $47 with 29,941 shares, Seprod traded 5,000 shares at $33, Sterling Investments exchanged 7,000 shares at $14, Supreme Ventures slipped 1 cent to $10.99, with 81,268 shares. Proven Investments US ordinary shares gained 1 US cent to close at 24 US cents with 60,480 units and Jamaica Money Market Brokers 7.25% preference share closed at $2.51 with 17,709 units.
Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday with 23 securities changing hands resulting in an exchange of 2,037,393 units valued at $8,042,722 compared to 2,320,590 units valued at $10,336,084 on Tuesday.
The average volume and value for the month to date amounts to 241,379 units valued at $1,469,345, in contrast to 249,420 units valued at $1,528,275 previously. July closed with average of 536,395 units at $1,905,441 for each security traded.
Derrimon Trading ended at $7.90 with 2,000 shares, Express Catering concluded 5 cents higher at $4.20 with 138,183 stocks, General Accident finished with a loss of 2 cents, at $2.80 with 107,700 shares, Honey Bun closed with a loss of 20 cents, at $4.80 with 3,598 units, Jamaican Teas settled with a loss of 7 cents, at $4.83 with 11,737 stocks, Jetcon Corporation finished with a loss of 20 cents, at $4.80 with 1,085,266 units, KLE Group climbed 14 cents higher at $3.15 with 270,971 shares, Key Insurance rose 10 cents higher to $3.10 with 7,947 stocks units, Knutsford Express closed 10 cents higher at $14.50 with 7,606 stocks, Lasco Distributors ended 15 cents higher at $7.15 with 27,962 units, Lasco Financial finished 39 cents higher at $3.99 with 100 units, Lasco Manufacturing closed with a loss of 5 cents, at $4.40 with 4,299 units, Main Event concluded market activity 55 cents higher, at $5.05 with 3,823 stocks, Medical Disposables concluded trading 1 cent higher at $4.26 with 28,521 units, Paramount Trading ended at $2.70 with 38,304 units, Stationery and Office concluded trading at $4 with 11,782 units, tTech finished 50 cents higher at $6.55 with 16,378 shares and Derrimon Trading closed with a loss of 3 cents, at $2 with 20,728 shares.