RBTT Merchant Bank Limited has received a licence from the Eastern Caribbean Securities Regulatory Commission, (ECSRC) to operate as a broker-dealer in the Eastern Caribbean Securities Market.
Incorporated in Trinidad and Tobago in 1975, RBTT Merchant Bank Limited offers a wide range of services including floating and underwriting of securities, loan syndication, securities trading, financing, advisory services and capital market transactions, throughout the English and Dutch-speaking Caribbean Countries.
According to Everette Martin, Acting Secretary of the ECSRC, the entry of RBTT Merchant Bank into the securities industry in the Eastern Caribbean Currency Union is indicative of efforts to expand the operations of the Eastern Caribbean Securities Market to the wider CARICOM region. “We welcome the company's participation which we expect will strengthen the market and provide both the public and private sectors with greater access to funding for project development, ” Mr. Martin stated.
In commenting on the grant of the licence to his company, Lyndon Guiseppi, the Managing Director of RBTT Merchant Bank, stated, “This licence will allow the licensees of RBTT Bank to approach institutional investors in the Eastern Caribbean Currency Union, with a view to distributing securities originated in any CARICIM territory which will positively impact their portfolio”.
The RBTT Merchant Bank is a wholly owned subsidiary of RBTT Financial Holdings and an affiliate of RBTT Bank, which operates in several ECCU countries. This is the second Trinidad company to be licensed by the Securities Commission, the first being Caribbean Money Market Brokers in January 2005. The granting of this new licence brings to ten the number of broker dealers licensed by the ECSRC.
