Peter Melhado to replace Byles as Sagicor Group chairman

KINGSTON, Jamaica — Peter Melhado was today appointed Chairman of Sagicor Group Jamaica Limited effective July 2, 2019.

Sagicor Group Jamaica, in a statement, said the decision was made at a special Meeting of Directors held earlier today.

The news comes consequent upon the appointment of Richard Byles to the post of Governor of the Bank of Jamaica, and his subsequent resignation as Chairman and Director of Sagicor Group Jamaica, its subsidiaries and all Board Committees effective June 30.

Sagicor said Melhado will also be appointed Director and Chairman of Sagicor Life Jamaica Limited and Sagicor Life of the Cayman Islands Ltd, subject to regulatory approvals.

He will continue as a Director of Sagicor Bank Jamaica Limited but will no longer serve on the Board of Sagicor Investments Jamaica Limited.

Melhado has been a director with the Sagicor Group since 2004.

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