Scotia Group Jamaica Limited (SGJ) is undergoing significant leadership changes as board chair Anya Schnoor announces her retirement to dedicate her expertise exclusively to expanding Scotiabank’s global insurance strategy. Schnoor will conclude her five-year tenure as director by not seeking re-election at the upcoming annual general meeting scheduled for March 4th.
This transition marks the end of a groundbreaking chapter for Jamaican corporate leadership, as Schnoor made history in December 2022 by becoming the first Jamaican woman to chair Scotia Group’s board. Her banking career with Scotiabank Jamaica began in May 2006, culminating in her November 2024 appointment as Executive Vice-President of global insurance.
Vernon Douglas, current chair of The Bank of Nova Scotia Jamaica Limited, will assume the SGJ chairman role following Schnoor’s departure. This promotion triggers subsequent leadership adjustments, with Audrey Richards—currently chairing both Scotia Investments Jamaica Limited and Scotia Jamaica Life Insurance Company Limited—prepared to succeed Douglas at Scotiabank Jamaica.
The corporate reshuffling occurs as Scotia Group Jamaica prepares to host its annual meeting at Montego Bay’s Iberostar Selection Rose Hall, notably shifting from its traditional Kingston venue. This geographical change reflects the financial conglomerate’s commitment to supporting western Jamaica’s recovery efforts following the devastating impact of Hurricane Melissa.
In her departure statement, Schnoor reflected on her career origins: “I started my career with Scotiabank here in Jamaica and have been proud that the first home for Scotiabank outside of North America continues to set the bar for financial performance and good corporate governance in the local market.” She expressed full confidence in the institution’s continued excellence for decades to come.