Cornerstone Trust & Merchant Bank Limited was incorporated in 1969 as Solnar Limited with its activities geared to providing deposit-taking, lending and leasing facilities to clients of the law firm Myers Fletcher & Gordon. In 1992 the shareholders decided to position the company as a full-fledged merchant bank to take advantage of an expanding financial services market. MF&G Trust & Finance became the new name, highlighting the strong and enviable ties with the law firm. This allowed the company to emerge as a separate entity with its own reputation in the financial marketplace. The Company’s assets, which were then less than J$200 million, have increased in the intervening period, confirming the wisdom of this decision and the increasing client confidence in the Company.
Cornerstone Trust & Merchant Bank as the Company is affectionately known—was licensed to manage trusts and administer estates in 1993. The entity became an approved foreign exchange dealer in 1997 and has since garnered significant foreign currency deposits, loans and leases. In 2003, the strategic focus of the Company was modified to take advantage of the new banking regulations; as such the advisory, trading and portfolio management services of the bank were divested to a new sister Company in June 2003.
The company is subject to detailed monitoring and operational audits by the Bank of Jamaica, and must conform with the various requirements of the Banking Services Act (2014) and Regulations there under. The company’s operations are also regulated by the Deposit Insurance Act and all other regulations governing the operations of local financial institutions.
Company Details
- Employees
- 41
- Founded
- -
- Address
- 17 St. Lucia Way, Kingston 5,jamaica
- Industry
- Banking
- NAICS
-
Commercial Banking
- Website
- https://cornerstonetmb.com
- Keywords
- Investment Banking, Digital Banking, Banking.
- HQ
- Kingston 5
Cornerstone Trust & Merchant Bank Ltd. Questions
Cornerstone Trust & Merchant Bank Ltd.'s website is https://cornerstonetmb.com
Cornerstone Trust & Merchant Bank Ltd.'s LinkedIn profile is https://jm.linkedin.com/company/cornerstonetrustandmerchantbank
Cornerstone Trust & Merchant Bank Ltd. has
41 employees.
View email and phone details for 41
employees at Cornerstone Trust & Merchant Bank Ltd..
Cornerstone Trust & Merchant Bank Ltd.'s industry is
Banking
Cornerstone Trust & Merchant Bank Ltd.'s top competitors are
The Jamaica National Group,
Gracekennedy Ltd.,
Proven Wealth,
Vm Group,
National Commercial Bank Jamaica Limited (Ncb),
Jmmb Group Jamaica,
Quantas Capital Limited,
Scotiabank,
Barita Investments Ltd.,
Sagicor Group Jamaica Limited.
Cornerstone Trust & Merchant Bank Ltd.'s categories are Banking
Cornerstone Trust & Merchant Bank Ltd.'s founding year is 1970
