PromoCapital, founded in 2004, was to be
Haiti
Haiti (; ht, Ayiti ; French: ), officially the Republic of Haiti (); ) and formerly known as Hayti, is a country located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean Sea, east of Cuba and Jamaica, and ...
's first
investment bank
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort.
In finance, the purpose of investing is ...
and is a
subsidiary of
PromoBank.
The bank was headquartered in
Pétion-Ville
Pétion-Ville ( ht, Petyonvil) is a commune and a suburb of Port-au-Prince, Haiti, in the hills east and separate from the city itself on the northern hills of the Massif de la Selle. Founded in 1831 by president Jean-Pierre Boyer, it was named a ...
, Haiti and has representative offices in Washington, D.C., and
Aventura, Florida
Aventura is a planned, suburban city in northeastern Miami-Dade County, Florida, United States, 17 miles north of the city of Miami and part of the Miami metropolitan area. The city is especially well-known for Aventura Mall, the 5th largest m ...
. The firm had 70 partners, and its equity structure was that of a 50/50 joint-venture between the Haitian and the USA shareholders. The firm is served by two Chairmen:
Henri Deschamps, Chairman, and PromoCapital Haiti and
Dumarsais M. Siméus Chairman, PromoCapital USA. Partners were looking for annual returns in the mid- or high teens. The entity has been inactive since inception.
References
External links
Public launch of PromoCapital
Banks of Haiti
Investment banks
{{Haiti-company-stub