Jamaica Money Market Brokers - October 2018

Jamaica Money Market Brokers - October 2018

Oct 2018

JMMB ... IN YOUR WORLD

www.jmmb.com | 876 877 5512

A GUIDING INFLUENCE Alice Anderson Serves From the Heart

The financial world is a big part of my life. I have worked in the financial industry in one capacity or

and looking out for one another’s best interests, it makes it that much more cohesive, which is important for a healthy, functioning team. Many people profiled in the newsletter have said this, and it bears repeating: Every day I look forward to coming into the office and seeing every one of my team members. They are my work family, and we all work closely together to achieve a common goal. It is a great feeling to know that no matter the challenge, there is always someone by your side, and we will always break through — together.

“One thing I truly appreciate about working in finance is the impact it has had on my personal life.”

another for the last 20 years — 14 years with Capital and Credit Merchant Bank (which became JMMB Merchant Bank) and then the last six years with the JMMB Group.

Those 20 years ago, I decided to pursue a career in finance because it had a diversity

that appealed to me. There was diversity in opportunity as well as in personal and

professional development. The financial industry itself contains a wide spectrum of smaller industries and career paths.

As much as my work family means to me, I cannot forget my family at home! I love spending quality time with my family, including my son. He is about to turn 11, and I am really looking forward to it (and I am sure he is looking forward to it, as well).

At JMMB, I am a Utility Officer. It’s a position that has me taking on a number of different tasks, including processing client transactions, filing client documents, and relieving the receptionist desk, should the need occur. One thing I truly appreciate about working in finance is the impact it has had on my personal life. Over the last two decades, I have learned so much — and much of what I have learned, I have been able to apply to my everyday life. I have used this knowledge as a guideline in planning my long-term financial goals. Working at JMMB has had a positive impact on my life. I appreciate the cohesiveness between all members of the team. There’s just such a great emphasis placed on teamwork, and when everyone is serving from the heart

In addition to spending plenty of time with my family, I love to cook and relax on the beach when I can. I also have a passion for interior decorating. I love to make the space around me just right.

–Alice Anderson

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876 704 3734 ext. 3912

DONE IS BETTER THAN PERFECT How One Simple Concept Can Change Your Business Forever

The Devil Is in the Details When you obsess over a given task, it’s usually not something foundational to the success of the project. It’s more likely that you spend your time in the weeds of what is relevant to the consumer. Trying to find just the right shades of blue in an email or type of lightbulb for your office isn’t going to drastically alter the course of your business. Spending a disproportionate amount of time on menial tasks that do not move your company forward is counterproductive. Pull the Trigger There comes a point in every project where you’ve reached the threshold of quality work. The measure of a great leader is knowing when this moment has arrived and marking the task as done. Every minute spent beyond this moment is time not spent on other important responsibilities — and that’s money down the drain. ROI on Perfection To see if your business needs a boost in productivity, try running an analysis on where the time in a specific project goes. You’ll find that the more time you spend chasing perfection, the less profitable that project is. Done is better than perfect because it’s efficient and cost-effective, but most importantly, because it’s done.

In the modern realm of business, you’ll find attention to detail and high standards are required for businesses to be successful. With multiple markets oversaturated with similar products, marketing and services, the quest for quality has turned into a necessity for survival. But somewhere along the line, the focus put on providing superior amenities becomes more of a hindrance than an assurance. The pursuit of perfection in daily tasks creates a paralysing effect on productivity. The concept of “done is better than perfect” has rapidly circulated in business over the last couple years. Current times require on-demand delivery of knowledge; paralysis by analysis can make a company less relevant if they can’t keep up. This fixation on the minutiae of a task not only hinders customer engagement, but it also has a negative effect on a business’s bottom line. Isn’t Perfect Always Better? Detractors of the “done is better than perfect” mantra suggest that going the extra mile makes all the difference in a client-based relationship. And they’re right, but their interpretation of this philosophy is wrong. “Done is better than perfect” is not about churning out mediocre work. It’s about not wasting money.

JMMB at a Glance

Meet Alana Lawrence

Alana Lawrence is one of our two Senior Capital Market Analysts. She joined the JMMB team in January of this year.

closeness that, as Alana puts it, “allows me to see some of the most brilliant minds being utilised.”

And in life and work, there is one Chinese proverb that Alana takes to heart: “The journey of a thousand miles begins with one step.” As individuals, Alana points out, we often delay making the move to achieve a goal, whether financial or otherwise.

The role of Senior Capital Market Analyst brings a

unique set of challenges, and as Alana says, “These challenges allow me to discover capabilities within myself that were not initially apparent to me. I constantly grow and work to improve on weaknesses.” And the role isn’t the easiest to define, either. “I assist in conceptualizing and executing capital raise transactions,” Alana says. “I do this for medium- and large-sized corporations while providing investing options to investors. These investors include pension funds and other collective investment schemes.”

Why is this? Alana suggests it may be because that goal appears unachievable or we believe we do not have the resources necessary. “However,” Alana says, “I have learnt that this initial step places us well on the way to realizing our goals.”

Contact Your Personal Portfolio Manager: 1. Alaine Samuels – 551 7739 2. Gillian Bernard – 550 8020 3. Mark Gilzeane – 552 4586 4. Melissa McKenzie – 552 4666 5. Nicole Henry-Dewar – 469 2704 6. Racquel Henry-Burke – 403 9550 7. Ian Belcher (RBO) – 551 0521 8. Joan Edwards – 877 5512

Like many members of the JMMB team, Alana looks forward to each day with optimism. There’s a closeness among the team and clients. It’s this

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AN INVESTMENT OPPORTUNITY (JUST FOR YOU) FIXED RATE SECURED NOTES

Investment Type

Fixed Rate Secured Notes

ISSUER

Corporate Issuer

Purchaser

Accredited Investors

Currency

J$

Interest

7.25% p.a. fixed

Payment of Principal & Interest

Interest payable Quarterly. Principal due at maturity.

Tenure

Five (5) years

Minimum Purchase

J$5,000,000

Issue Date

October 2018 October 2023

Maturity Date

Tax

No withholding tax

Purpose

To refinance existing debt and general corporate purposes.

TRIVIA

TAKE A BREAK!

3.WHO WAS THE FIRST SITTING U.S. PRESIDENT TO VISIT JAMAICA?

1. WHAT PLACE IN JAMAICA WAS INFAMOUSLY KNOWN AS THE ‘WICKEDEST CITY ON EARTH’? a. De La Vega City b. Port Royal

a. Ronald Reagan b. Barack Obama c. Jimmy Carter d. John F. Kennedy

c. Cherry Gardens d. Tivoli Gardens

4. WHO WAS THE FIRST JAMAICAN WOMAN TO WIN AN OLYMPIC GOLD MEDAL? a. Merlene Ottey b. Deon Hemmings c. Grace Jackson d. Veronica Campbell Brown

2. WHICH PARISH IS KNOWN AS THE ‘BREAD BASKET PARISH’? a. St. Elizabeth

b. St. Mary c. St. James d. St. Ann

Solution

3 876 704 3734

JMMB Limited ATTN: Joan Edwards 23 Phoenix Avenue Kingston 10 Jamaica

876 704 3734 | www.jmmb.com

Alice Anderson Serves From the Heart pg 1 Why Done Is Better Than Perfect pg 2 Meet Alana Lawrence, Senior Capital Markets Analyst pg 2 INVESTMENT OPPORTUNITY JUST FOR YOU! pg 3 A Can’t-Miss Festival of Food pg 4

A FESTIVAL OF FOOD IN OCTOBER

A Festival of Food in October Saturday, Oct. 20–Sunday, Oct. 28 Kingston

The Food & Drink Festival is back for the fourth year in a row! The festival is one week of all the extraordinary food you can imagine. Gather as several of Jamaica’s finest chefs, along with other culinary, wine, and spirit experts, descend on Kingston to share their talents. Over 50 chefs are expected be at the festival. Flavour will come alive all around Kingston, capturing everything you love about Caribbean cuisine. There is an event every day of the festival that celebrates a different style of cooking.

Learn more about this delicious event at jafoodanddrink.com.

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