Portland Holdings Inc.

Portland Holdings Inc.
Michael Lee-Chin

April 29, 2016 15:51 ET

Michael Lee-Chin Appointed Chairman of the Government of Jamaica's Economic Growth Council

BURLINGTON, ONTARIO--(Marketwired - April 29, 2016) - Michael Lee-Chin, Chairman of Portland Holdings and Chairman and controlling shareholder of National Commercial Bank Jamaica Limited, was appointed Chairman of the Government of Jamaica's newly established Economic Growth Council ("EGC") by Jamaican Prime Minister Andrew Holness on April 27th, 2016.

Lee-Chin will lead a team from the private and public sectors, advising the government of Jamaica on the adoption of a framework of growth initiatives designed to facilitate economic growth. Lee-Chin is tasked with building local and international support for the growth agenda in practical ways, to attract large investments to the island. The Jamaican economy has historically experienced anemic growth averaging less than one percent over the last 20 years.

After assuming the chairmanship of the Economic Growth Council (EGC) on April 27th, Lee-Chin had this to say: "As Chairman of the EGC, I pledge that the EGC will work tirelessly and passionately to achieve a GDP (gross domestic product) growth rate of five per cent over the next four years."

ABOUT MICHAEL LEE-CHIN

Michael Lee-Chin is Chairman of Burlington, Ontario, based Portland Holdings, a privately held investment company which owns a collection of diversified businesses operating in various countries and sectors that include media, tourism, and financial services. Mr. Lee-Chin is widely regarded as a visionary entrepreneur and an inspirational humanitarian.

ABOUT THE PORTLAND GROUP

The Portland Group is headquartered in Canada. The Portland Group manages public equity, private equity as well as having direct ownership interests in a collection of diversified businesses operating in sectors that include media, tourism, telecommunications and financial services. The group includes Portland Holdings Inc., National Commercial Bank Jamaica Limited, AIC (Barbados) Limited, AIC Global Holdings Inc., Portland Private Equity, Portland Holdings Limited and the Mandeville Group of companies.

www.portlandholdings.com

ABOUT NATIONAL COMMERCIAL BANK JAMAICA

National Commercial Bank Jamaica Limited (NCB) is the largest and most profitable financial services institution in Jamaica with roots dating back to 1837. Through the bank and its wealth management, life and general insurance, and offshore banking subsidiaries, NCB provides a wide array of financial products and services to meet the needs of individual and business clients. The group includes NCB Capital Markets Limited and its subsidiaries in Barbados and the Cayman Islands, NCB Insurance Company Limited, Advantage General Insurance Company Limited, NCB (Cayman) Limited, and NCB Global Finance Limited in Trinidad and Tobago.

www.jncb.com

Contact Information