GraceKennedy Limited has sold its investment subsidiary to Proven Investments Limited, confirming a deal that first came to light in March. Proven has acquired 100 per cent of the shares in First Global Financial Services (FGFS) from First Global Holdings Limited…
Proven buys First Global Financial Services
FIRST Global Financial Services (FGFS) will more than triple Proven Wealth’s funds under management when they merge. The $3-billion deal will see Proven Investments Limited’s take the securities dealer off GraceKennedy’s hands — minus the Jamaica Stock Exchange (JSE) licence, which…