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CMMB moves to St. Vincent
7/2/2009
THE Caribbean Money Market Brokers, CMMB has opened a branch in St. Vincent as part of its efforts to further develop the capital markets of the Caribbean.
Prime Minister Ralph Gonsalves was on hand to participate in a ceremony last week to formally welcome CMMB to St. Vincent and the Grenadines.
St. Lucian Carole Eleuthere-Jn Marie, the Country Manager for the OECS has over the past few months been spearheading efforts to introduce CMMB to St. Vincent. CMMB is the region’s premier securities brokerage company with assets of over US$1 billion.
CMMB recently became part of the First Citizens Bank of Trinidad and Tobago and now has offices in Trinidad and Tobago, Barbados, St. Lucia and St. Vincent and the Grenadines.
In related news, “Understanding pension and retirement plans” was the theme of the third of five seminars being conducted by CMMB in ST. Lucia under its “Intelligent Investment Options” series.
There was a full house at Palm Haven as Business Development Officer Charmaine Francois explained how pension and retirement plans work. The aim was to get attendees to start thinking of preparing now for retirement and to consider whether there’d be enough saved to live comfortably in the post-retirement years.
Attendees were also urged to ensure that the retirement plan being considered is registered with the Inland Revenue Department to qualify for tax benefits.
The various sources of income at retirement were examined, namely, Social Security, company pension plans and in particular, Individual Retirement Accounts.
CMMB in St. Lucia will hold its remaining two seminars in the “Intelligent Investment Options” series in July.
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