GraceKennedy Buys in T&T

GraceKennedy, the Jamaica-based group, through its subsidiary, First Global Holdings, has acquired a 90% holding in ONE1 Financial, based in Trinidad & Tobago. The newly acquired company will become part of the First Global group, which currently includes First Global Bank and First Global Financial Services. ONE1 Financial specializes in structured finance, securities trading, capital raising and financial advisory services. In Jamaica, First Global Group provides a full range of banking and investment services including equity trading, pension fund management, asset and portfolio management, and corporate finance and advisory services. “Trinidad & Tobago is the fastest growing economy in the English speaking Caribbean therefore it is very important that GraceKennedy continues to participate in its future development,” says Don Wehby ceo of GraceKennedy Investments.