The Jamaica National Group
Hon. Earl Jarrett has a wealth of experience in various leadership roles. Hon. Earl served as the Commissioner and Chairman at the Electoral Office of Jamaica from 2013 until present. Hon. Earl also held the position of Chairman at the University of the West Indies, Mona since 2017. Prior to that, they served as a Trustee at the FIA Foundation from 2012 onwards. Hon. Earl was Chairman of the Jamaica Automobile Association starting in 2004. In 1999, they were appointed as Director of the International Union for Housing Finance. From 1997, they served as the Chief Executive Officer and Deputy Chairman of The Jamaica National Group. Hon. Earl was Chairman of the Jamaica Cancer Society from 1987. Hon. Earl served as Chairman of The Caribbean Association of Housing Finance Institutions from 2011 to 2015. Additionally, they were a Member of the Institute of Chartered Accountants of Jamaica from 1986 to 2015, and Deputy Chairman of JAMPRO: Jamaica Trade & Invest from 2012 to 2013.
Hon. Earl Jarrett holds a Master of Science degree in Accounting from The University of the West Indies, Mona, which they obtained from 1978 to 1984. Hon. Earl also received an Honorary Doctor of Laws degree in Philosophy from the same university and an Honorary Doctor of Philosophy degree from Nottingham Trent University in 2019. Additionally, they have an Honorary Doctor of Laws degree in Philosophy from the University of Technology, Jamaica.
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The Jamaica National Group
On February 1, 2017, The Jamaica National Group, a powerful, Jamaican mutually-owned global business, became a reality and the country’s third largest commercial bank, JN Bank, was launched. Following the re-submission of the Jamaica National Building Society (JNBS) application for a commercial banking license in November 2013 to the Bank of Jamaica (BOJ), the application was approved by the BOJ in February 2015. The country’s third largest financial institution at the time, the Society commenced the process to convert the building society into a commercial bank and to restructure the JN Group. The JN Group has been restructured to ensure compliance with the new Banking Services Act. The reorganisation of the JN Group involved the establishment of the JN Financial Group, a financial holding company, which will own the new JN Bank and all other companies in the JN Group that offer financial services. These companies are: • JN Fund Managers Ltd. (JNFM) • JN Life Insurance Ltd. (JN Life) • JN Money Services Ltd. (JNMS) • JN Small Business Loans Ltd. (JNSBL) • JN Cayman Ltd. JN General Insurance Ltd. (JNGI) A Non-Financial Holding Company, the MCS Group has also been established to take ownership of non-financial entities in The Jamaica National Group. These non-financial entities are: • Jamaica Automobile Association (JAA) • JN Properties Limited • Management Control Systems (MC Systems) The Creative Unit (TCU) Total Credit Services Limited (TCS) Both the JN Financial Group and the MCS Group and the entities under their control will be under the direct control of The Jamaica National Group. All members’ rights under mutuality will be transferred to The Jamaica National Group and JN Bank account holders will automatically become a member of The Jamaica National Group.