About PanCaribbean

To be a caribbean market leader through an efficient, inspired team that delivers quality financial services, thereby maximizing value for the benefit of our clients, shareholders and employees.

History

Pan Caribbean Financial Services Limited has an outstanding history for leading and innovating in banking and finance. Our legacy companies are Pan Caribbean Merchant Bank (PCMB) and Trafalgar Development Bank (TDB), both established in 1983, with PCMB as one of the first shareholders in TDB.

The Hon. Maurice W. Facey, O.J., and Chairman of both Pan Jamaican Investment Trust Limited and Pan Caribbean Merchant Bank, steadily acquired the shareholdings of the original investors in PCMB during the 1980s, and in 1993 took full control of the company through First Life Insurance Company Limited, a subsidiary of Pan Jamaican. 

With a philosophy of nimbleness and diversification, PCMB thrived during the 1990s avoiding the pitfalls that hurt the financial services sector during that decade. Beginning in 1996 with the acquisition of Portfolio Partners Limited, PCMB made several decisive moves that would serve to bolster operations. In 2000, PCMB acquired Knutsford Capital Merchant Bank, a smaller competitor with good management and strong client loyalty.

Trafalgar Development Bank also survived the difficult 90s, but recognized the need to diversify its revenue streams and strengthen its market position. In 2001, First Life assumed control of TDB in a complex transaction that led to the consolidation of PCMB and TDB, with First Life controlling 68% of this new banking and financial services entity.  In 2002 the entity was re-named Pan Caribbean Financial Services Limited and became a stock to watch on the Jamaica Stock Exchange.

In 2004, Pan Caribbean merged with Manufacturers Sigma, an influential and market savvy bank with a broad product and client base. This merger created a more substantial financial services group and was quickly followed by the acquisition of Lets Investments Limited, a Montego Bay-based investment bank, thereby solidifying our presence in the West.

In 2005, an agreement between Pan Jamaican and Life of Jamaica Limited, now (Sagicor Life Jamaica Limited), led to PanCaribbean becoming a 52% subsidiary of LOJ, creating one of the most profitable financial companies in Jamaica today.

Sagicor Life's parent, Sagicor Financial Corporation, further consolidated the importance of Pan Caribbean to Sagicor by acquiring an additional 34% stake in the company. Sagicor, is a financial powerhouse with operations in the Caribbean, Latin America, the U.S. and U.K., and is listed on the stock exchanges of London, Barbados and Trinidad.

With five branches across Jamaica and expert group of employees, Pan Caribbean is focused on building relationships with our customers, helping them achieve success through superior financial products, outstanding service and sound advice that have been the trademark of the company over the last 25 years.