The Board of Barita Investments Limited (Barita) has advised that Mr. Ian McNaughton, Managing Director and Company Secretary of Barita has resigned from the company effective December 24, 2019 to pursue other interests. Mr. McNaughton joined Barita in 2008 as Financial Controller and Company Secretary and was promoted to General Manager in 2009 before assuming the role of Managing Director in 2013, reporting into the Executive Chairman, Rita Humphries-Lewin. Mr. McNaughton provided assistance with both the transition of ownership of Barita to Cornerstone in August 2018 and leadership succession. Mr. McNaughton will remain accessible to the Board for the remainder of the current financial year ending September 2020. A part of the succession planning for the Group, Ms. Paula Barclay, was appointed to the position of General Manager of Barita in early 2019 and will now assume the leadership of Barita's operations. Ms. Barclay has extensive banking and investment management experience, with her previous assignment being General Manager at First Global Bank Limited. Prior to joining Barita, Ms. Barclay held several roles at the GraceKennedy Group including, Group Treasurer, Managing Director of First Global Leasing as well as General Manager and Credit Risk Officer at First Global Bank. Mr. Jason Chambers, who is Managing Director of Barita Unit Trusts Management Company Limited (BUTM), and Chief Investment Officer of Cornerstone Group, has been appointed to the Board of Barita effective December 24th, 2019. Mr. Chambers has over 18 years of experience, spanning the range of securities trading, investment and treasury management, corporate finance, and corporate banking. Most recently, he held the positions of Vice President Investment Management and Vice President Corporate Finance within the GraceKennedy Group. Mr. Matthew Hogarth has been appointed to the Board of Barita effective January 2, 2020. Mr. Hogarth brings significant expertise in corporate governance given his current roles as Chairman of the Corporate Governance Committees of both the Jamaica Stock Exchange Limited and Carreras Limited. Ms. Malindo Wallace, Group Legal Counsel & Chief Compliance Officer, has been appointed Company Secretary for Barita and Barita Unit Trusts Management Company Limited effective December 24, 2019. Ms. Wallace held several key roles at GraceKennedy Limited, including Legal Officer (Group), Senior Manager, Treasury and Corporate Finance, and Treasury Manager.
Barita Investments Limited is a Jamaica-based licensed securities dealer, investment manager, pension administrator and Cambio operator. The Company's segments include fixed income, funds management and other. The fixed income segment includes money market activities and securities broking. The funds management segment includes the administration of a number of managed funds. The other segment includes the operation of foreign exchange Cambio, investment banking, stock broking and any other income. Its products include capital growth fund, FX bond portfolio, FX growth portfolio, income portfolio, money market fund, real estate portfolio, pension fund management, individual retirement scheme, fixed income and stocks and research. The Company's services include FX trading/Cambio, Barita smart loan, investment banking, Barita wealth and Barita bucks. Its FX bond portfolio includes local government securities, sovereign government securities and corporate enterprises of A-Grade rating.
BARITA INVESTMENTS LIMITED 
