March 2011 Volume 8

KCOB Michael McMorris appointed chairman of VMBS

Staff reporter KC Times
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KCOB Michael McMorris was recently appointed chairman of the Board of Directors of the Victoria Mutual Building Society(VMBS). Michael is the son of former West Indian Cricket opening batsman, Easton McMorris, who is also a KC Old Boy.

The following is the press release issued by VMBS :

VMBS Welcomes New Chairman of The Board of Directors

Kingston, Jamaica: The Victoria Mutual Building Society (VMBS) is pleased to announce the appointment of Mr. Michael McMorris, former Deputy Chairman, as the new Chairman of the Board of Directors at VMBS. Mr. McMorris will succeed Mr. Roy Hutchinson, who has served as the Chairman of the Board of Directors for the last 7 years.

Mr. McMorris is the Principal of the business management firm KRONOS Limited. He specializes in new venture development and corporate management and most recently piloted the development of Secrets Resort in Montego Bay. He has served the Society as a Director for the past five years on the Risk and Finance Committees of the Board and currently serves as Deputy Chairman of British Caribbean Insurance Company (BCIC) as well as Chairman of Victoria Mutual Wealth Management Limited. Mr. McMorris holds a B.A. in Economics from the University of Miami and advanced finance training from Citibank's School of Banking where he started his career.

Mr. McMorris has had a successful career in both Development and Finance. He was previously an Executive Director of Jamaica Promotions Corporation (JAMPRO) and has held Managing Director positions with Trafalgar Commercial Bank (now First Global) and Knutsford Capital Merchant Bank, which he helped found. He has been President of the Merchant Bankers Association, Chairman of the Finance Committee of the Airports Authority of Jamaica and a Director of the National Exim Bank of Jamaica.

"I am honoured to be elected Chairman of Jamaica's most enduring and endearing financial institution. I am proud to say that I assume the role at a time when there is a dedication at all levels of the Group to deliver on our time-honoured mandate to make the Victoria Mutual Building Society the path to financial prosperity for everyday Jamaicans, indeed every Jamaican. This level of commitment and focus is due in no small part to the leadership of former Chairman Roy Hutchinson who has served his tenure with distinction, worthy of those before him. Our continuing mission is to create the 21st century platform that answers the evolving needs of our diverse member base and points the way for new, emerging financial consumers to become part of a better society for generations to come," stated Michael McMorris, Chairman of the Board of Directors, VMBS.

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