Great things happen with dynamic partnerships. With our majority shareholder NCB Financial Group Ltd. (NCBFG), partnered with Edmund Gibbons Limited (EGL) and Portland Private Equity Limited (PPE), Clarien Group Limited (CGL) is part of a group that is well positioned to become a global leader in financial services and wealth management.
NCFBG and PPE form part of Portland Holdings, a multi-billion dollar international conglomerate with a diversified business portfolio and a strong presence in the North American and Caribbean financial services sectors.
Operating under the Chairmanship of visionary entrepreneur Michael Lee-Chin, Clarien’s affiliation with Portland Holdings strengthens our position as one of the largest privately held financial institutions in Bermuda. It will enable us to offer a wider range of products to our customers and expand our offerings locally, regionally and globally.
The Clarien brand is unchanged and we remain committed to Bermuda, our employees and our clients. Our partners share our client-focused philosophy and a dedication to providing high quality services and a superior customer experience.
Below is information on some of the entities within the Portland group of companies.
• One of Bermuda’s largest independent integrated financial services organisations
• Personal and commercial banking, private banking, wealth and asset management services
• USD 1.2 billion (JMD 160.8 billion) in assets on balance sheet, consolidated as at December 2019
• USD 1.1 billion in investable assets (Clarien Investments Limited) as at September 30, 2018
• Holds 50.1% interest in Clarien and 61.967% interest in Guardian
With roots dating as far back as 1837, National Commercial Bank Jamaica Limited (NCB) has a pioneering legacy that has been sustained as the organisation has evolved and transformed.
Today, NCB stands as the largest financial group in Jamaica, focused on maintaining a profitable organization, which provides highly competitive and innovative products and service offerings for our customers. Its aim is to maintain a solid governance structure and robust compliance framework, while utilizing flexible business models and efficient operational processes and systems.