BCW Holdings Limited has secured a third equity investor.
Real estate and securities investor James Goren joins Jamaica Broilers Group Limited and Wisynco Group Caribbean Limited as "founding investors" in the company, which will operate from as BCW Capital out of New Kingston, BCW announced via its publicist on Friday.
Goren's 30-year career includes managing partner positions in Goren Brothers Corp, JAG Consulting LLC, and Zuccherina Development Limited, which is in the real estate business. He has also served as chairman of the boutique firm New York & Foreign Securities, which was acquired in 1990 by Fahnestock & Company. Fahnestock would later change its name to Oppenheimer after it was acquired in 2003, BCW said in its release.
"I am very excited about the future of BCW Capital and my investment in the company represents my unreserved support for an extraordinary team of investment professionals, who are capable of making an unprecedented contribution to the Jamaican financial services industry," Goren said.
Goren's Jamaican pursuits include construction of 1,285 housing units in Falmouth, Trelawny, by Zuccherina Development. He is also co-chair on the Advisory Board of the University of Technology, and co-founder for an animal shelter in Montego Bay.
BCW was founded by Gerry Wight and will operate as boutique financial services firm.
It is still in the process of getting authorisation from regulators but has said it plans to open for business by mid-year.
BCW's early announcements of equity partnerships with Broilers and Wisynco were overshadowed by reports of its connection with former FSC regulator Rohan Barnett, which included efforts to recruit the former regulator as a partner during the time that Barnett was still running the agency.
Barnett's resignation which was initially intended for year end was stretched out to March 30 this year at the request of the transitioning government.
Goren is Italian. He maintains a residence in Montego Bay.