Mariame McIntosh Robinson is leaving First Global Bank (FGB) next month to take a new position as managing director of a fintech company. The job she is taking up is with an undisclosed US fintech, but she will continue to operate from Jamaica. Since 2016, she has served as President and CEO of the Grace Kennedy-owned commercial bank and resigned with a success story.
Meanwhile, McIntosh Robinson’s position at First Global will be taken over by the bank’s chief operating officer, Radcliffe Daley, who has 30 years of experience in commercial banking and investment banking, according to GraceKennedy.
FGB is the second smallest of Jamaica’s eight commercial banks, with combined assets totaling more than $2.1 trillion. FGB holds a market share of 3.7 percent. In the year McIntosh Robinson joined the bank, FGB generated a net profit of $325 million on revenues of $3.9 billion. Five years later, the annual profit in 2021 was $516 million on revenue of $5.4 billion, a decrease in earnings from the peak year of the COVID-19 pandemic. During the pandemic outbreak in 2020, the bank earned $543.5 million on revenues of $4.87 billion. Over the five years, the bank’s assets increased from $58 million to $77 billion.
The bank’s loan portfolio currently stands at more than $31 billion. GraceKennedy reported in its financial reports for the past year that FGB has achieved growth in all major areas compared to 2020. “In particular, improvements were made in revenues, profit before tax, net loans, and deposits,” the conglomerate said. FGB also introduced new products aimed at small and medium-sized businesses.
