Change - Announcement of Cessation::NCB FINANCIAL GROUP LIMITED (NCBFG) ANNOUNCED LEADERSHIP DEVELOPMENTS, INCLUDING CHANGE IN GROUP CEO

Issuer & Securities

Issuer/ Manager
NCB FINANCIAL GROUP LIMITED
Securities
NCB FIN US$225M11%N300731A - US639935AA37 - UKNB
NCB FIN US$225M11%N300731R - USP71051BD06 - HYVB
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
09-Sep-2026 00:39:35
Status
New
Announcement Sub Title
NCB FINANCIAL GROUP LIMITED (NCBFG) ANNOUNCED LEADERSHIP DEVELOPMENTS, INCLUDING CHANGE IN GROUP CEO
Announcement Reference
SG260909OTHRVDRP
Submitted By (Co./ Ind. Name)
NCB Financial Group Limited/Jacqueline De Lisser
Designation
Authorised Officer
Effective Date and Time of the event
31/08/2026 17:00:00
Description (Please provide a detailed description of the event in the box below)
NCB Financial Group Limited - NCBFG announced leadership developments, including change in Group Chief Executive Officer - CEO

Mr Robert Almeida, current Group CEO, completes his term on September 30, 2026 - end of contract. He will also cease to be a director of NCBFG effective September 30, 2026.

Additional details: Robert Almeida, current Group CEO, completes his term on September 30, 2026. Mr Mair s appointment as Group CEO will take effect on November 17, 2026. He has more than 30 years experience in the financial services industry. Mr Dave Garcia will become Group Chief Operating Officer effective September 1, 2026, and act as Group CEO from October 1, 2026, until Mr Mairs assumes office.

Additional Details

Name of person
Robert Almeida
Age
64
Is effective date of cessation known?
Yes
If yes, please provide the date.
30/09/2026
Detailed reason(s) for cessation
Mr Almeida would have completed his term as Group CEO on September 30, 2026, having been appointed to the position in 2023. He has served on the board of NCBFG since February 2017. His cessation is unrelated to any disagreements on financial statement reporting or disclosures.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of appointment to current position
20/07/2023
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Group Chief Executive Officer and Director.
Role and responsibilities
The Board of Directors approved the appointment of Mr Robert Almeida as Interim Group Chief Executive Officer on July 20, 2023, subject to regulatory review. The Group CEO appointment was subsequently made more permanent.
As Group CEO, Mr Almeida is responsible for the overall management of the Group and leading the executive team. Mr Almeida also chairs the Boards of NCBFG major subsidiaries, National Commercial Bank Jamaica Limited and Guardian Holdings Limited.
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of independent directors currently resident in Singapore (taking into account this cessation)
0
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
4
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
2,249,184 units
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
None
Other Directorships
Past (for the last 5 years)
NCB Financial Group Limited, National Commercial Bank Jamaica Limited, Guardian Holdings Limited, Clarien Bank Limited, and several subsidiaries of Portland Holdings Inc..
Chukka Caribbean Holdings director (ended June 2026)
2371074 Ontario Limited,
AVH, Inc.
AVHL Holdings Inc.
Canadian Council for the Americas,
Caribbean Sunset GP Inc.
Chukka Caribbean Holdings Ltd.
Clarien Group Limited
Clarien Bank Limited
Clarien Investments Limited
Diverze Assets Inc.
Guardian Insurance Limited
Portland Investment Counsel Inc.
PPEC, Inc.
CVM Television
Chukka Caribbean Adventures Ltd.
Present
NCB Financial Group Limited, National Commercial Bank Jamaica Limited, Guardian Holdings Limited, Clarien Bank Limited and several subsidiaries of Portland Holdings Inc.
2371074 Ontario Limited
AVH, Inc.
AVHL Holdings Inc.
Canadian Council for the Americas
Caribbean Sunset GP Inc.
Chukka Caribbean Holdings Ltd.
Clarien Group Limited
Clarien Bank Limited
Clarien Investments Limited
Diverze Assets Inc.
Guardian Holdings Limited
Guardian Insurance Limited
National Commercial Bank Jamaica Limited
NCB Financial Group Limited
NCB Global Holdings Limited
Portland Investment Counsel Inc.
PPEC, Inc.

Attachments

NCBFG Investor Release - NCBFG Announces Leadership Developments_Final 31082026.pdf
Total size =201K