Dunbar McFarlane has been appointed general manager of the National Building Society of Cayman.
NBSC is the Island’s only registered building society under Cayman Island laws and provides residential mortgages, savings and deposit accounts and other financial instruments as well as remittance services. It operates from offices at Trinity Square on Eastern Avenue, George Town.
Mr. McFarlane has more than 30 years service in the banking sector in Jamaica and the UK. From his position as a clerk at Barclay’s Bank (Jamaica) Ltd. in 1965, Mr. McFarlane rose through the ranks to become chief executive officer and deputy chairman of Jamaica’s second largest bank and Barclay’s successor, National Commercial Bank in 1994.
He has served on the boards of several public and private sector entities in Jamaica and was appointed that island’s first toll regulator in 2003.
‘I believe this is an opportune time for NBSC to grow its mortgage and savings accounts business and thereby enhance its role in housing development in the Cayman Islands. Several houses were damaged by the recent hurricane and even before the devastation; there was a strong housing demand. We intend to play our role in the rehabilitation process. Saving for a rainy day can no longer be regarded as cliché, not when most well-thinking people see home ownership as a matter of high priority. We are here to serve,’ said Mr. McFarlane.
He also aims to improve the society’s remittance operations by encouraging more residents, not just Jamaicans, to use its services.