Sygnus Credit Investments Limited (“SCI”) announced today that Clement Wain Iton, Chairman of the Board, will resign from SCI’s board of directors effective October 31, 2021, following a successful tenure with the Board for over four years.
Since 2017, Iton has been at the helm of Sygnus Credit Investments Limited (“SCI”) Board and has provided valuable insight and strategic leadership in increasing the Company’s assets and expanding the footprint of the Company across the region. Under Wain’s stewardship, SCI grew its private credit portfolio from US$16 million to US$85 million, declared over US$6.5 million in dividends to shareholders and grew net profits to a record US$5 million.
He has also served as a member of the Audit and Governance Committee since the company’s initial public offering in April 2018.
The Board has appointed Linval Freeman as the Chairman of the Board effective November 1, 2021. Freeman is the current Chair of the Audit and Governance Committee, a Fellow of the Institute of Chartered Accountants of Jamaica (FCA) and Fellow of the Association of Chartered Certified Accountants (FCCA). He has also served as Director and Assurance Partner at Ernst & Young Caribbean (EY), Jamaica Office between 2003 and 2018. During his tenure, Linval was instrumental in the establishment of the Advisory Service Line and the growth and development of the Assurance Service Line. He retired from the Partnership on July 31, 2018.