Notice - CMMB is now First Citizens Investment Services
First Citizens and CMMB proudly announce that Caribbean Money Market Brokers Limited is now First Citizens Investment Services Limited.
And, CMMB Securities & Asset Management Limited is now First Citizens Brokerage & Advisory Services Limited.
This evolution signifies the full integration of CMMB into the First Citizens family and represents the strong
synergy of talent, expertise and focus between two leaders in financial services.
Notice - CMMB is now First Citizens Investment Services (Barbados)
First Citizens and CMMB proudly announce that Caribbean Money Market Brokers (Barbados) Limited is now First Citizens Investment Services (Barbados) Limited.
This evolution signifies the full integration of CMMB into the First Citizens family and represents the strong
synergy of talent, expertise and focus between two leaders in financial services.
The Board, Management and Team Members of CMMB extend a special thanks to you, our valued client for your confidence and continued support of CMMB.
As you are aware CMMB is now a member of the First Citizens Group. As part of the integration of CMMB into the First Citizens Group, we are working on streamlining some processes and products in an effort to increase the effectiveness and efficiency of our offering to clients. To avoid duplication of product offerings within the group, we have decided to discontinue our Money Market Accounts (MMAs). We will continue to offer the Fixed Income Paper investment, equity brokerage services and portfolio management services.
“…from our own experiences with CMMB before it became
established here with a branch; they have been doing
excellent work for St. Vincent & the Grenadines.”
“You would rely on them as professionals to say whether
investment is sound. Because of CMMB and institutions like
CMMB we get our bonds sold, we get the money at a
competitive rate; we can finance our capital program and
contribute to the development of St. Vincent & the
Grenadines.”
First Citizens is in the process of acquiring CMMB, as part of the
restructuring of the CL Financial Group. This means that customers of
CMMB are assured that their investments with the company are
secure, and all commitments will be met. CEO of First Citizens, Larry
Howai, and Managing Director and CEO of CMMB, Ram Ramesh,
explained that it is ‘business as usual’ at CMMB, and the level of
CMMB’s service has not been affected.
In light of the announcement today by the Central Bank regarding the CL
Financial Group, CMMB wishes to reassure its clients that their investments with
us are safe. CMMB continues to operate as an independent entity separately
from Clico and Clico Investment Bank. We are the largest full service securities
company in the Caribbean and have been in operation for over eight years.
During this time CMMB has operated as a profitable company continuing to offer
safe and profitable investments to clients.
As inflation levels in economies across the globe trend downwards, Trinidad and Tobago’s inflation rate followed suit in November falling from its peak of 15.4% in October to 14.3% in November. We believe that inflation has now peaked. Against this backdrop, we have revised down our previous forecast of 14.5% - 16% to now 13% - 15%...
In light of the recent Central Bank announcement that inflation had increased to 13.5%, CMMB has raised its inflation forecast for the rest of this year. We hold the view that inflation has not yet peaked and will continue to edge upwards in the coming months, likely to end 2008 in the range of 14.5% to 16%, with a bias to breach the upper end.
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