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First Citizens Bank (Trinidad And Tobago)
First Citizens (FCB) is a bank based in Trinidad and Tobago. First Citizens has over TT$38 billion in assets, 25 branches in Trinidad and three in Tobago and five in Barbados. It also has a representative office in Costa Rica, which handles its Latam business. It wholly owns First Citizens (St. Lucia) Limited, which it established as an offshore financial vehicle for the Bank and its subsidiaries and also to conduct selected banking and financial service operations in the Caribbean Region. The Group's Chief Executive Officer is Karen Darbasie and the office of Group Chief Financial Officer is held by Shiva Manraj. First Citizens Group Established in 1993, the First Citizens Group comprises: *First Citizens Bank Limited *First Citizens Asset Management Limited *First Citizens Trustee Services Limited *First Citizens (St. Lucia) Limited *First Citizens Financial Services (St. Lucia) Limited *First Citizens Securities Trading Limited *First Citizens Investment Services Limited * ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Trinidad And Tobago
Trinidad and Tobago (, ), officially the Republic of Trinidad and Tobago, is the southernmost island country in the Caribbean. Consisting of the main islands Trinidad and Tobago, and numerous much smaller islands, it is situated south of Grenada and off the coast of northeastern Venezuela. It shares maritime boundaries with Barbados to the northeast, Grenada to the northwest and Venezuela to the south and west. Trinidad and Tobago is generally considered to be part of the West Indies. The island country's capital is Port of Spain, while its largest and most populous city is San Fernando. The island of Trinidad was inhabited for centuries by Indigenous peoples before becoming a colony in the Spanish Empire, following the arrival of Christopher Columbus, in 1498. Spanish governor José María Chacón surrendered the island to a British fleet under the command of Sir Ralph Abercromby in 1797. Trinidad and Tobago were ceded to Britain in 1802 under the Treaty of Amiens as se ...
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Port Of Spain
Port of Spain (Spanish: ''Puerto España''), officially the City of Port of Spain (also stylized Port-of-Spain), is the capital of Trinidad and Tobago and the third largest municipality, after Chaguanas and San Fernando. The city has a municipal population of 37,074 (2011 census), an urban population of 81,142 (2011 estimate) and a transient daily population of 250,000. It is located on the Gulf of Paria, on the northwest coast of the island of Trinidad and is part of a larger conurbation stretching from Chaguaramas in the west to Arima in the east with an estimated population of 600,000. The city serves primarily as a retail and administrative centre and it has been the capital of the island since 1757. It is also an important financial services centre for the CaribbeanCIA World Factbook Trinidad an ...
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Karen Darbasie
Karen Darbasie is a banker and businesswoman from Trinidad and Tobago. She is the group CEO of the First Citizens Bank and a previous board director at the American Chamber of Commerce of Trinidad and Tobago. She is a former president of the Bankers Association of Trinidad and Tobago and Chairman of Trinidad Nitrogen Company. Education Karen Darbasie earned an undergraduate degree in Electrical Engineering from the University of the West Indies, a Master of Business Administration (MBA) degree from the University of Warwick and a master's degree from the University of Essex The University of Essex is a public research university in Essex, England. Established by royal charter in 1965, Essex is one of the original plate glass universities. Essex's shield consists of the ancient arms attributed to the Kingdom of Es .... Darbasie's selection as the CEO of First Citizens was announced by the company in March 2015. At the time, she was Head of Fixed Income, Currencies and Co ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Trinidad And Tobago Dollar
The Trinidad and Tobago dollar (ISO 4217, currency code TTD) is the currency of Trinidad and Tobago. It is normally abbreviated with the dollar sign $, or alternatively TT$ to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cent (currency), cents. Cents are abbreviated with the cent sign ¢, or TT¢ to distinguish from other currencies that use cents. Its predecessor currencies are the Trinidadian dollar and the Tobagonian dollar. History The history of currency in the former British colony of Trinidad and Tobago closely follows that of the British Eastern Caribbean territories in general. The first currency used was the Spanish dollar, also known as "pieces of eight", which began circulating in the 16th century. Proposals for establishing banks in the West Indies, targeted at landowners, were made in 1661 by the British government, and in 1690 by Thomas Dalby (governor), Sir Thomas Dalby. Despite this, and Anne, Queen of Great Britain, Queen ...
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Trinidad
Trinidad is the larger and more populous of the two major islands of Trinidad and Tobago. The island lies off the northeastern coast of Venezuela and sits on the continental shelf of South America. It is often referred to as the southernmost island in the West Indies. With an area of , it is also the List of Caribbean islands by area, fifth largest in the West Indies. Name The original name for the island in the Arawak language, Arawaks' language was which meant "Land of the Hummingbird". Christopher Columbus renamed it ('The Island of the Holy Trinity, Trinity'), fulfilling a vow he had made before setting out on his third voyage. This has since been shortened to ''Trinidad''. History Island Caribs, Caribs and Arawaks lived in Trinidad long before Christopher Columbus encountered the islands on his third voyage on 31 July 1498. The island remained Spanish until 1797, but it was largely settled by French colonists from the French Caribbean, especially Martinique.Besson, ...
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Tobago
Tobago () is an List of islands of Trinidad and Tobago, island and Regions and municipalities of Trinidad and Tobago, ward within the Trinidad and Tobago, Republic of Trinidad and Tobago. It is located northeast of the larger island of Trinidad and about off the northeastern coast of Venezuela. It also lies to the southeast of Grenada. The official bird of Tobago is the cocrico. Etymology Tobago was named ''Belaforme'' by Christopher Columbus "because from a distance it seemed beautiful". The Spanish friar Antonio Vázquez de Espinosa wrote that the Kalina people, Kalina (mainland Caribs) called the island ''Urupina'' because of its resemblance to a big snail, while the Island Caribs, Kalinago (Island Caribs) called it ''Aloubaéra'', supposedly because it resembled the ''alloüebéra'', a giant snake which was supposed to live in a cave on the island of Dominica. The earliest known record of the use of the name ''Tabaco'' to refer to the island is a Spanish royal order is ...
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Barbados
Barbados is an island country in the Lesser Antilles of the West Indies, in the Caribbean region of the Americas, and the most easterly of the Caribbean Islands. It occupies an area of and has a population of about 287,000 (2019 estimate). Its capital and largest city is Bridgetown. Inhabited by Island Caribs, Kalinago people since the 13th century, and prior to that by other Indigenous peoples of the Americas, Amerindians, Spanish navigators took possession of Barbados in the late 15th century, claiming it for the Crown of Castile. It first appeared on a Spanish map in 1511. The Portuguese Empire claimed the island between 1532 and 1536, but abandoned it in 1620 with their only remnants being an introduction of wild boars for a good supply of meat whenever the island was visited. An Kingdom of England, English ship, the ''Olive Blossom'', arrived in Barbados on 14 May 1625; its men took possession of the island in the name of James VI and I, King James I. In 1627, the first ...
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Offshore Investment
Offshore investment is the keeping of money in a jurisdiction other than one's country of residence. Offshore jurisdictions are used to pay less tax in many countries by large and small-scale investors. Poorly regulated offshore domiciles have served historically as havens for tax evasion, money laundering, or to conceal or protect illegally acquired money from law enforcement in the investor's country. However, the modern, well-regulated offshore centres allow legitimate investors to take advantage of higher rates of return or lower rates of tax on that return offered by operating via such domiciles. The advantage to offshore investment is that such operations are both legal and less costly than those offered in the investor's country—or "onshore". Locations favored by investors for low rates of tax are known as offshore financial centers or (sometimes) tax havens. Payment of less tax is the driving force behind most 'offshore' activity. Due to the use of offshore centers, ...
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Caribbean
The Caribbean (, ) ( es, El Caribe; french: la Caraïbe; ht, Karayib; nl, De Caraïben) is a region of the Americas that consists of the Caribbean Sea, its islands (some surrounded by the Caribbean Sea and some bordering both the Caribbean Sea and the North Atlantic Ocean) and the surrounding coasts. The region is southeast of the Gulf of Mexico and the North American mainland, east of Central America, and north of South America. Situated largely on the Caribbean Plate, the region has more than 700 islands, islets, reefs and cays (see the list of Caribbean islands). Island arcs delineate the eastern and northern edges of the Caribbean Sea: The Greater Antilles and the Lucayan Archipelago on the north and the Lesser Antilles and the on the south and east (which includes the Leeward Antilles). They form the West Indies with the nearby Lucayan Archipelago (the Bahamas and Turks and Caicos Islands), which are considered to be part of the Caribbean despite not bordering the Caribbe ...
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