Sagicor Group Jamaica Limited (SJ) has advised that Mr. Gilbert Palter has been appointed as a Director to SJ’s Board as at October 12, 2020. The Company also advised that Mr. Reza Satchu (Director Designate) resigned on August 31, 2020.
“Prior to his appointment to the Board of Sagicor Group Jamaica Limited, Mr. Palter has had an extensive career in the financial services industry serving clients in Canada and the United States.
“Mr. Palter is the co-founder of EdgeStone one of Canada’s leading independent private capital managers. He was also the Founder, Chief Executive Officer and Managing Director of Eladdan Capital Partners, a Toronto-based private equity fund targeting middle-market Canadian and U.S. companies. He also founded Eladdan Enterprises, a boutique investment bank specializing in providing buy side mergers and acquisitions advice to Canadian and U.S. companies, particularly on cross-border acquisitions and investments. Gil has previously worked at Morgan Stanley, Smith Barney, McKinsey & Company and Clairvest Group Inc.,” SJ stated.
SJ further advised that Mr. Palter’s appointment is subject to regulatory approval.