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Sagicor and the CHSB-UWI Sign MOU

For Release Upon Receipt - Wednesday, July 23, 2014

BRIDGETOWN, Barbados, July 18th, 2014 - On July 18th, 2014, Sagicor Financial Corporation and the Cave Hill School of Business-UWI (CHSB-UWI) finalised a Memorandum of Understanding (MOU) to facilitate capacity building at the institution. The funding, which will be disbursed annually over a five year period, will provide necessary resources for the school's Professional/Executive Education and Developmental initiatives as well as research in the field of business education.

At the ceremony, Dr. Jeannine Comma, Chief Executive Officer and Director of the Cave Hill School of Business and Dr. Patricia Downes-Grant, President and Chief Executive Officer, Sagicor Life Inc signed on behalf of the regional institutions. During the period of the MOU, the Cave Hill School of Business-UWI will be re-branded to reflect Sagicor's endowment. The institution will offer scholarships for the Executive Diploma in Management and Executive Masters in Business Administration programmes. Additionally, research will be conducted on best practices and leadership in the region. Dr. Comma further supports this notion in her remarks: “As we all know, this is a developing region- sharpening the human resource capability in the region is not an option, it is an imperative. If organizations have to grow, the people in the organizations must be cutting edge in their orientation. We have to look out and look up in our aim of becoming truly competitive.”

Sagicor will also draw on the expertise of the Cave Hill School of Business-UWI to develop their leaders through an internal Corporate University which will offer a High Potential Leaders' Programme, Management and Leadership Development and Performance Management Initiatives. Dr. Downes-Grant elaborated on the significance of the Corporate University. "At the corporate policy levels, organisations which would seek to maintain their competitive advantage, would do well to improve the education and skill levels of their employees, coupled with a concerted effort to improve on managerial capacity. Sagicor continues to address the needs of our own human capital infrastructure through this partnership."










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