Prime Minister, the Most Hon. Portia Simpson Miller has expressed sadness at the passing of business icon and philanthropist the Hon. Maurice Facey, OJ, JP while describing the business executive as a founder of the contemporary real estate industry in Jamaica and a pioneer developer who helped to lay the foundation for the modern business and commercial life of the nation.
In a message of condolence the Prime Minister said the passing of Maurice Facey closes the chapters of a truly outstanding life and remarkable Jamaican who made a sterling contribution to the development of the private sector, public and voluntary sectors of the nation. She noted that through the Pan Jamaican Group and its many subsidiaries, Mr. Facey spearheaded significant investments in many areas of Jamaica’s national life. In the process he generated increased business activity, expanded the economy and provided employment for thousands of Jamaicans.
Of note, PanJam was one of the first companies to list on the fledgling Jamaica Stock Exchange in 1965, providing the groundwork for the growth and development of the Jamaican capital market.
“In his own quiet way Maurice Facey was a giant of a man and he leaves behind important landmarks and indelible foot prints across both corporate Jamaica and in the voluntary service sector,” the Prime Minister said.
She says as one of the business pioneers of independent Jamaica who was in the forefront of the ‘Jamaicanisation’ of business in the 1960s and 70s, Maurice Facey has left tangible monuments to his work in the form of architectural landmarks as well a wide array of enterprises which are testament of his passionate commitment to investing in Jamaica.
“His commitment to public and social responsibility lives on through the work of the Cecil Boswell Facey Foundation and the Kingston Restoration Company (KRC), which he helped to establish and guide as a private public partnership which is now a prototype for other countries.”
In addition to the KRC, Maurice Facey served the public sector through voluntary engagement with the Tourism Action Plan Ltd., Jamaica Heritage Tail Ltd., as a member of several advisory councils, the Jamaica Institute for Excellence in Education; National Gallery of Jamaica Ltd., Institute of Jamaica, the Jamaica Tourist Board, and the University of the West Indies among others.
His service to the Council of the Voluntary Social Services and United Way was legendary.
For his contribution to the development of the nation he was fittingly conferred with the Order of Jamaica for distinguished services in the field of Finance, Tourism and Agriculture.
“To his wife Valerie, son Stephen and daughter Laura, I express the profound condolences of the Government and people of Jamaica. May you find strength and be comforted by the Almighty in your time of bereavement. May your loss be tempered by the memory of a great man who lived for himself and for others, and who made a lasting and exemplary contribution to so many facets of Jamaican life,” Prime Minister Simpson Miller said.