VM first opened its doors in 1878  as Victoria Mutual Building Society (VMBS). Led by the Reverend G.W. Downer, the Rector of the Kingston Parish Church, a group of clergymen formed VMBS with a vision of “meeting the needs of the deserving thrifty”. Their mission was to, through the power of mutuality,  empower economically marginalised Jamaicans to collectively  pool their resources to save and acquire homes. They founded a Mutual financial institution that has and continues to enable all Jamaicans to achieve their shared goals.

As the needs of the Members changed, the organisation has expanded its product offering beyond the traditional savings and mortgage loan products. At present, VM Group offers: Wealth Management and Financial Advisory Services, Real Estate and Commercial Property Management Services, Money Transfer Services, Pension Administration and Investment Management Services as well as Property, Casualty and Liability Insurance. These are offered through our Strategic Business Units: VM Wealth Management Limited (VMWM), VM Pensions Management Limited, VM Money Transfer Services (VMTS), VM Property Services (VMPS), VM Innovations Limited (VMI), VM Finance Limited (VMFL), and affiliate company, British Caribbean Insurance Company (BCIC).

VM has since expanded to 16 branches in Jamaica and representative offices in the UK and US. VM is proud of being the first Jamaican financial institution to establish international offices — service bureaus as they were initially called — to serve the needs of our Diaspora.

The first VMBS overseas representative office was established in the United Kingdom, followed by offices in Canada (which have since been closed) and then the United States of America.