Barita Secures Regulatory Nod to Acquire JNFM; Enters Strategic Partnership with PROVEN

• On January 6, 2026, Mark Myers, Director of Cornerstone Financial Holdings Limited (Cornerstone) and Chairman of Barita Investments Limited (Barita), announced in a press release on the Jamaica Stock Exchange (JSE) that Barita has received regulatory approval regarding its proposed acquisition of 100% of the issued share capital of JN Fund Managers Limited (JNFM).
• JNFM, founded in 1996, is a full-service investment banking and asset management firm owned by the Jamaica National Group, one of the largest and oldest mutually owned financial services groups in the Caribbean. Upon completion, the transaction is expected to increase Barita’s assets under management to over J$500Bn, as JNFM is integrated into Barita’s operating platform, while enhancing product diversity, efficiency and customer service for clients of the combined entity.
• The acquisition further diversifies Barita’s business model through meaningfully broadening its customer base and enhancing its institutional asset management and, therefore, fee income-generating capabilities, particularly in pension fund management and long-term mandates.

(Source: JSE)