Sagicor Seeks To Drive Economic Recovery Through Government Partnerships

February 11, 2021

As the government charts the course for economic recovery, Sagicor Investments Jamaica has signalled its preparedness to drive the country’s growth by brokering more deals to generate economic activity.
The investments company has in the past two years, raised and brokered over $101 billion in deals and transactions for entities across several industries, and is looking to continue along this trajectory for the country’s advancement.  

Speaking recently during the 16th Jamaica Stock Exchange (JSE) Regional Investments and Capital Markets Conference, Sean Newman, Executive Vice President and Chief Investment Officer, Sagicor Group Jamaica, said public-private partnerships (PPP) are one of Sagicor’s strategic priorities for ensuring the advancement of Jamaica and its people. 

“Sagicor is committed to playing an integral role in the growth and development of our country. Our team is dedicated, and laser-focused on the prospects within the public sector and identifying how we, in partnership with the government can provide opportunities for Jamaicans to create, grow and preserve their wealth through investing,” Newman stated.

He was part of a panel that discussed the topic ‘Investing in Capital Markets – Public Private Sectors Way Forward’, at the annual conference held at The Jamaica Pegasus hotel in New Kingston on Wednesday (January 27).

Newman noted that PPP will help to generate activity within the market and support the country’s economic recovery efforts, following the impact of the pandemic on the economy. His pronouncements came on the heels of Prime Minister Andrew Holness’ recent reiteration of the government’s intention to divest its shares in several state-owned agencies over the short to medium term period.

Sagicor Investments will be the lead arranger and lead broker for the public divestment of the Jamaica Mortgage Bank (JMB) – one of the entities the government is expected to divest this year. The Soapberry Wastewater Treatment Plant is among the other entities to be divested by the government this year.

According to Newman, Sagicor Investments has already expressed a firm interest in leading on this transaction, as well as all other government divestments to come.

 “I am encouraged by the deals we have in the pipeline and look forward to moving our country forward through the various partnerships,” Newman said.

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