Thu | Sep 20, 2018

Chorvelle Johnson named new Sagicor Bank CEO

Published:Tuesday | December 5, 2017 | 12:00 AM

Chorvelle Johnson, described as a "trailblazer in the financial services industry" and who has functioned in the sector for the past 20 years, will become the new chief executive officer of Sagicor Bank Jamaica Limited, effective January 29, 2018.

The board of directors of Sagicor Bank Jamaica Limited yesterday made the announcement.

A release from Sagicor Group said that Johnson had held senior management positions in the sector, including at First Global, and most recently at Proven Wealth and Proven Fund Managers.

Christopher Zacca, president and chief executive officer of Sagicor Group Jamaica, said, "I am very excited to have Chorvelle join our team, and on behalf of the group, I welcome her to the Sagicor family. She is a dynamic, results-oriented leader and is a trailblazer in the financial services industry with an impressive track record of success at the leadership level. Along with the board of directors, I have every confidence that she will propel Sagicor Bank to a new level of client experience, growth and profitability."


To sit on board


As the chief executive officer of the bank, Johnson will also be appointed to sit on the board as a non-independent director.

Sagicor Bank Jamaica Limited is a member of the Sagicor Group. Sagicor Group Jamaica is a financial services conglomerate with business in Jamaica, The Cayman Islands and Costa Rica. The group offers products and services in the areas of banking, insurance, investments, real estate, asset management and retirement planning. Sagicor Life Jamaica Limited is said to be the leading life- and health-insurance provider in Jamaica. The company commenced operations in 1970 as Life of Jamaica Limited, the first locally owned life insurance company and the first life-insurance company to be listed on the Jamaica Stock Exchange.

Sagicor Group Jamaica is a member of the wider Sagicor Financial Corporation. Sagicor Financial Corporation operates in more than 20 countries and its operations date back to 1840.