Joanna Banks to lead PanJam as CEO

Stephen Facey to transition to Executive Chairman 

KINGSTON, JAMAICA: Joanna Banks will serve as the Chief Executive Officer of PanJam Investment Limited (PanJam) effective July 1, 2021.

The Board of Directors of the investment company made the official announcement to the Jamaica Stock Exchange on May 3, 2021.

“Over the past five years, PanJam has benefited significantly from Joanna’s knowledge base and international experience.  She has led a number of our recent investments and initiatives with passion and resilience, qualities necessary for the path ahead,” said Stephen Facey, current Chairman and CEO of PanJam. “We have confidence that Joanna will continue PanJam’s legacy of growing stakeholder value, and look forward to supporting her efforts to achieve greater levels of success.”

Facey will now serve the Company as its Executive Chairman, overseeing landmark real estate projects, including the ROK Hotel & Residences located in Downtown Kingston. He will also continue to work closely with Banks and the Senior Management Team to provide guidance and oversight to PanJam.

“I am excited to take over the day-to-day leadership of PanJam, and am honoured to be entrusted with this responsibility.  Over the last 55 years, the Company has grown into one of the largest and most well-respected publicly-listed entities in the Caribbean, through the hard work of our team. I joined PanJam because of its reputation for investing in Jamaica for Jamaicans.  I will lead PanJam in line with that legacy, for the benefit of our shareholders, our team, our partners and the nation,” said Banks. 

Banks joined PanJam in 2016 as Vice President of New Business Development and Strategy, becoming Senior Vice President in 2018.  Earlier in her career, she worked at Exxon Mobil Corporation, Deere & Company and Pan Caribbean Financial Services Limited (now Sagicor Investments Jamaica Limited) in roles focused on corporate finance, investor relations, pension fund management and strategy.

She earned a Bachelor of Science in Systems Engineering from the University of Pennsylvania and a Master of Business Administration from the University of Chicago’s Booth School of Business.  She is a Chartered Financial Analyst.

Banks is a Director of Sagicor Life Jamaica Limited, Sagicor Investments Jamaica Limited, Agostini’s Limited, Outsourcing Management Limited and Term Finance (Jamaica) Limited. She is also a trustee of the CB Facey Foundation, the charitable arm of PanJam.