BASSETERRE, ST. KITTS, JUNE 13TH 2005 The Trinidad-based RBTT Merchant Bank Limited has received a licence from the St. Kitts-based Eastern Caribbean Securities Regulatory Commission, (ECSRC) to operate as a broker-dealer in the Eastern Caribbean Securities Market.
According to Acting Secretary of the ECSRC, Mr. Everette Martin, 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 companys 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 said in a statement issued by the ECSRC.
In commenting on the grant of the licence to his company, Managing Director of RBTT Merchant Bank, Mr. Lyndon Guiseppi, 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 CARICOM 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 including St. Kitts and Nevis. RBTT has an office in Nevis.
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.
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.
