Great things happen when dynamic partners come together. Recently, Clarien Group Limited (CGL) announced its partnership with NCB Financial Group Ltd. and Portland Private Equity (PPE).
In this arrangement, Clarien Bank Limited is proud to join NCB and PPE as 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, Portland Holdings is well positioned to become a global leader in the financial services and wealth management space.
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.
|Clarien Bank Limited
• One of Bermuda’s largest independent integrated financial services organisations
| NCB Financial Group
• Leading financial group in the Caribbean operating across the following business segments:
|Portland Private Equity
• Private Equity fund management company focused on the Caribbean
| Portland Investment Counsel
• Investment advisory and portfolio management services and products
| Mandeville Private Client
• Portland’s asset distribution segment with over CAD 1.86 billion (USD 1.43 billion) in assets under administration as at May 31, 2018
| Guardian Group
• Services in life, health, casualty insurance, pensions and asset management
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.
Through NCB Capital Markets (Cayman) Limited*, similar services are extended to the Cayman Islands. NCB Insurance Company Limited: offers solutions to meet the insurance, long-term investment, and pension needs of individuals and group clients. NCB (Cayman) Limited: is the offshore banking subsidiary of the NCB Group and provides banking and trust services.
Advantage General Insurance Company Limited: is wholly owned by NCB Capital Markets Limited and is the island’s largest general insurance company providing reliable and efficient general insurance services.
NCB Global Finance Limited: provides merchant banking services including deposits, origination of loans and leases and provision of foreign exchange and trustee services. N.C.B. Foundation: was formalized to fulfill the bank’s philanthropic commitment as a leading socially responsible corporate citizen, actively building the communities in which it serves. Since inception in 2003, the Foundation has channeled over $1 Billion dollars to support development projects across Jamaica in the areas of:
Edmund Gibbons Limited is a family-owned entity comprised of several independently owned businesses including Gibbons Company, Colonial Insurance, Bermuda Motors and Burrows Lightbourn and a minority owner of Clarien Bank Limited.
Portland Private Equity (PPE) is a private equity and venture capital firm focused on the Caribbean region. The company is incorporated under the laws of Barbados and is the Investment Advisor to AIC Caribbean Fund and Portland Caribbean Fund II.
Additional information is available at: http://portlandpe.com/.
Investor Relations Officer
Jacqueline De Lisser
Head, Group Investor Relations, Performance Monitoring and Planning Unit
View NCB Financial Group information