As Founder and Chairman of Portland Holdings, Michael Lee-Chin, is widely regarded as a visionary entrepreneur whose philosophy of “doing well and doing good” has resulted in extraordinary business success and inspiring philanthropic initiatives.
Michael’s businesses span various countries and numerous sectors. Portland Holdings is a privately held investment company that manages public equity and private equity, and has a direct ownership interest in a collection of diversified businesses operating in sectors that include financial services, insurance, media, tourism, agriculture and waste management. Portland is committed to “building strong indigenous businesses” and, equally important, these businesses must also seek to improve the social well being of the communities in which they operate.
In 2002, Portland’s interests expanded internationally with the acquisition of: National Commercial Bank Jamaica Limited (NCB) and its subsidiaries. Under Michael’s stewardship, NCB is now the largest bank in Jamaica with cumulative profits of US$1.7 billion from 2004 to 2018. NCB continues to grow its businesses regionally with offices in Trinidad & Tobago, Barbados, the Cayman Islands,Bermuda and the United Kingdom. In 2016, NCB acquired a 29.99% stake in Guardian Holdings limited, providing immediate access to an additional 13 countries in the Region and, in May 2019, they follow up with the acquisition of a majority stake. In 2017, the NCB Financial Group Limited acquired a 50.1% majority stake in Clarien Group Limited, owner of Clarien Bank Limited based in Hamilton, Bermuda.