THE HAITIAN-AMERICAN
INVESTMENT BANK ANNOUNCES PUBLIC LAUNCH
(4/3/04). Operational since January 1, 2004, PromoCapital, The
Haitian-American Investment Bank, is pleased to announce its public launch
and to present the investment and financial services community information
about its objectives and initiatives.
The mission of this significant new financial infrastructure, devoted to
the Haitian and Haitian-American communities, is to bring together a team of
experienced, competent, Haitian and Haitian-American leaders with the
practical skills, know-how, and resources to create an investment
infrastructure with global horizons and limitless potential to contribute to
the future welfare of our community in Haiti and in America, while at the
same time providing socially responsive investors with equitable returns and
benefits... An institution which promotes financial independence, autonomy
and security for Haitians and Haitian-Americans.
About PromoCapital
PromoCapital, The Haitian-American Investment Bank, is headquartered in
Petionville, Haiti and has representative offices in Washington D.C. and
Aventura, Florida.
PromoCapital is a joint venture between members of the Haitian-American
Diaspora, PromoBank Haiti shareholders and Haitian entrepreneurs and
professionals. The Firm has 70 partners, and its equity structure is that of
a 50/50 joint-venture between the Haiti and the USA shareholders.
PromoCapital consists of two institutions: PromoCapital Haiti, S.A. -
incorporated in Haiti as a "Société Financière de Développement" - and
PromoCapital USA, Inc, - a corporation registered in the state of Delaware.
The Firm has three business segments: (1) Client & In-House Ventures; (2)
Capital Market Products; and (3) Corporate Finance and Advisory services.
Mission
The mission of this financial institution is to bring together a team of
experienced, competent, Haitian and Haitian-American leaders with the
practical skills, know-how, and resources to create an investment
infrastructure with global horizons and limitless potential to contribute to
the future welfare of our community in Haiti and in America, while at the
same time providing socially responsive investors with equitable returns and
benefits... An institution which promotes financial independence, autonomy
and security for Haitians and Haitian-Americans.
Genesis & History
In early 2003, the Board of Directors of PromoBank, the fourth largest
private Haitian bank, recognized that the investment potential and the
business interests of the Haitian Diaspora had been under served and their
integration as a decisive force in the Haitian economy was limited almost
exclusively to transfer rather than investment activities. A vital component
in the architecture of the national financial infrastructure was missing.
The Bank set out to identify business leaders in the Haitian-American
community who would be interested in developing a vehicle for structuring
and promoting investments and for establishing business relationships
between Haiti and the US.
Following several months of research, PromoBank partnered with the
National Organization for the Advancement of Haitians, Inc. (NOAH) in
organizing a decisive conference-workshop in Washington, DC in June 2003.
Over seventy distinguished Haitian-Americans attended the event at the
Hay-Adams Hotel across Lafayette Square from The White House. The
participants designed and created a collective investment vehicle that would
fill a much needed void in the financial landscapes of both the Haitian
private sector and the Haitian-American Diaspora. The concepts and
structures of PromoCapital were born.
The well-respected Washington law firm of Latham & Watkins was retained
to advise PromoBank on the creation of PromoCapital. Starting in July 2003,
simultaneous legal efforts were undertaken in Haiti and in the US for the
incorporation of PromoCapital Haiti S.A. and its American subsidiary,
PromoCapital USA, Inc. Once accomplished in September 2003, the founders
started the capital raising phase to capitalize the Bank and integrate the
new partners. The initiative was so well-received that PromoCapital's shares
were oversubscribed, both in Haiti and in the US. The Bank was launched
officially on January 1, 2004.
Projects, Products & Services
At PromoCapital, we focus on five key areas to ensure exceptional service
to our clients: knowledge, partnership, teamwork, integrity, and execution.
We produce solutions and results for clients.
Client & In-House Ventures
At PromoCapital, we work with our individual and corporate clients to put
together successful business ventures. From finding funds, identifying the
right strategic partners, to understanding regulatory, legal and fiscal
requirements and constraints, to structuring and executing innovative
financing solutions, we provide our clients an integrated solution for
building or growing their enterprises. At the same time, we are also
proactive in recognizing unique market opportunities and leveraging the
breadth and depth of our shareholders to launch new ventures.
Capital Market Products
We offer to our clients the ability to take advantage of the capital
markets products available in Haiti. We can also help them seek other
opportunities in the United States for diversification purposes.
Corporate Finance & Advisory Services
By initiating, developing and maintaining client relationships with
leading entrepreneurs, corporations and promising start-up enterprises,
PromoCapital advises clients on various methods of achieving their financial
objectives.
Our services include: general business advisory, restructuring advisory,
mergers and acquisitions, fairness opinions, company valuations, and the
complete collection of products and services customarily identified with
Venture Capital Funds, Boutique Investment Banks, Merchant Banks and
Investment Banks.
Partnership & Network
Our bank's capital structure is evenly distributed between Haitian
Citizens/Residents and United States Citizens/Residents. The 70
shareholders, experienced successful entrepreneurs and professionals, hail
from Haiti, Washington D.C., Virginia, New York, New Jersey, Maryland,
Georgia, Florida, Massachusetts, Michigan, and Texas. We work in close
collaboration with other local and international financial institutions such
as Development Banks, Commercial Banks, Mortgage Banks, IFIs, Investment
Funds, Venture Capital Funds and other financial institutions.
Partners
Albert Levy, Axan Abellard, Carlet Auguste, Caroline Racine, Daniel
Rouzier, Daniel Silva, Daniele Jean-Pierre, Esq., Dimy Doresca, Dumarsais M.
Siméus, Elda James, Esq., Elisabeth Delatour, Emile Corneille, Emmanuel
Francois, Florence Bellande Robertson, Frantz Bourget, Frederic Madsen, Fred
Tony, Fritz Fougy, Gabrielle Alexis, Esq., Gary Jean-Baptiste, Georges J.
Casimir, Gerd Pasquet, Gilbert Bigio, Gregory Brandt, Hans Tippenhauer,
Harriet Michel, Hendrik Verwaay, Henri Deschamps, Henry Paul, Herve
Francois, Jacques Deschamps Fils, Jean-Henry Céant, Jean-Marie Wolff,
Jean-Pierre Saint-Victor, Jean-Robert Vertus, Jerry Tardieu, Joelle Coupaud,
Jon Robertson, Joseph Baptiste, Josseline Colimon-Féthière, Julio Bateau,
Kimberly Simeus, Laurence Bigio, Laurent Pierre-Philippe, Magdalah Silva,
Marc-Antoine Acra, May Parisien, Michael Gay Sr., Monique Bigio, Nadege
Tippenhauer, Olivier Acra, Patrice Backer, Patrick Delatour, Patrick
Moynihan, Patrick Tardieu, Reginald Boulos, Reginald Villard, Régynald
Heurtelou, Ronald Georges, Rudolph Berrouët, Rudolph Moise, Reuven Bigio,
Sebastien Acra, Serge Parisien, Serge Pinard, Steeve Handal, The Simeus
Foundation, Vanessa Dickey, Yael Bigio-Garoute, Yves Joseph. Biographies
available on request.
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