Tue | Aug 21, 2018

Chen exits NCB boards to focus on home town activity

Published:Friday | February 2, 2018 | 12:00 AM
Businessman Wayne Chen

Wayne Chen, who sat on the board of several firms in the NCB family of companies, has given up those directorships, saying he was trying to lighten his corporate schedule.

Chen, who is the brother of the principal owner of NCB Financial Group, Michael Lee-Chin, is now approaching 60 years of age. He has been a director of the banking group for more than 15 years.

On January 26, he gave up his board seats at National Commercial Bank Jamaica Limited, NCB Insurance Company Limited, West Indies Trust Company Limited, NCB (Cayman) Limited, NCB Capital Markets (Cayman) Limited, and NCB Trust Company (Cayman) Limited.

"I did my time," Chen told the Financial Gleaner. He said he has spent a long time working 12- to 16-hour days, six days per week, and was not prepared to maintain that schedule any longer.

However, he said he would be stepping away from his other interests, but would focus his activities in the Mandeville area.

"I am in Mandeville. As we speak, I am meeting with the council to see how we can improve the town. I remain chairman of Southern Regional Health Authority. I also have my supermarkets and my cambios - that keeps me more in Mandeville these days," Chen said.