2 jamaica money market brokers limited annual report ... - Jmmb.com

MANAGEMENT’S DISCUSSION AND ANALYSIS (continued)Volume70M50M30M10M“One of thefundamental tenetson which JMMB isfounded is the needfor individualsand the Companyto recognize thepower within, andto realise our fullpotential and ourdreams.”May Aug Dec Mar‘03 ‘03 ‘03 ‘04JMMB QUARTERLY SHAREPRICES AND VOLUME – TTSE(TT$millions)Stock PriceVolume2.01.61.20.80.4PriceHuman Resources The JMMB team expanded during the year with theaddition of 25 new permanent and contract team members, bringing theaverage number of persons employed to 197.Our executive team was doubled to include four new executive team leadersin the areas of Risk Management, Investments, Branch Operationsand Marketing as we sought to strategically enhance the leadership of theorganisation and strengthen the expertise in all areas of our operations.We continue to place emphasis on individual development and training,hence approximately 7% of staff costs incurred last year was for internaland external training for team members. Sixteen members of our teambegan tertiary and professional accreditation courses through our study assistanceprogramme and eight persons are pursuing the Chartered FinancialAnalyst (CFA) accreditation.The STAR (Standing-for-excellence, Talent-maximization And Recognition)programme embarked upon in the last financial year was continued,with primary focus being the enhancement of job descriptions to includecompetencies and the refinement of the existing performance managementsystem. Our vision is to have a performance management systemdesigned to support our culture of accountability, excellence and love, andwe are actively working to achieve this objective.Furthermore, in keeping with our vision and mission to have a creative,contented and cohesive team, we have provided a forum for team membersto offer their views and opinions. At our semi-annual strategic retreat heldin September of last year, we instituted an electronic solution box for teammembers to identify challenges and propose solutions that would impactour internal and external clients. Following this, some members of the executiveteam, including myself, had face-to-face meetings with each departmentfor the purpose of examining how to better live our Vision of Love.This activity, dubbed the “Love Train”, will be conducted semi-annually.Community Involvement One of the fundamental tenets on whichJMMB is founded is the need for individuals and the Company to recognizethe power within, and to realise our full potential and our dreams. Inkeeping with this principle, we continue to provide sponsorship and donationsfor various community activities (in the areas of sport, health, cultureand education) aimed at enabling individuals/groups realise their dreams.12 JAMAICA MONEY MARKET BROKERS LIMITED ANNUAL REPORT 2004