Septimus Blake
Septimus Blake has said he is willingly stepping down from his post as CEO of National Commercial Bank Jamaica (NCBJ).
In a press briefing Wednesday evening, Mr. Blake said he was leaving the job to allow Chairman of the NCB Financial Group, Michael Lee-Chin, to "do a total reset".
Mr. Blake will also step down as president of the Jamaica Bankers' Association.
When asked whether Mr. Blake will fill any other post in the financial group, Mr. Lee-Chin said Mr. Blake will become an "alumnus of NCB".
The chairman of the NCBFG said the decision is part of the financial group's strategy of "de-layering to get closer to the consumer".
Former CEO of Scotia Group Jamaica, Bruce Bowen, will lead National Commercial Bank Jamaica, effective October 1.
NCB Financial Group also confirmed that Vernon James, head of TFOB 2021, which operates the country's only digital wallet, Lynk, will also demit office.
It is not clear who will replace him and when.
The news comes months after the NCB Financial Group announced major leadership changes to top management.
In July, NCB announced that Robert Almeida was appointed interim Chief Executive Officer for the Group, and Malcolm Sadler, interim group Chief Financial Officer.
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