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PromoCapital
PromoCapital, founded in 2004, was to be Haiti's first investment bank and is a subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ... of PromoBank. The bank was headquartered in Pétion-Ville, Haiti and has representative offices in Washington, D.C., and Aventura, Florida. 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 linksPublic launch of PromoCapital Banks of Haiti Investment banks {{Haiti-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 south of The Bahamas and the Turks and Caicos Islands. It occupies the western three-eighths of the island which it shares with the Dominican Republic. To its south-west lies the small Navassa Island, which is claimed by Haiti but is disputed as a United States territory under federal administration."Haiti" ''Encyclopædia Britannica''. Haiti is in size, the third largest country in the Caribbean by area, and has an estimated population of 11.4 million, making it the most populous country in the Caribb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 after Alexandre Sabès Pétion (1770–1818), the Haitian general and president later recognized as one of the country's four founding fathers. The district is primarily a residential and touristic area. It had a population of 283,052 at the 2003 Census, which was officially estimated to have reached 376,834 in 2015. Many diplomats, foreign businessmen, and wealthy citizens engage in business and reside in Pétion-Ville. Despite the distance from the capital and the general affluence of the district, the lack of administrative enforcement has led to the formation of shantytowns on the outer edges of the district, as poor locals migrate upward and have settled there in search of job opportunities. On 28 or 29 August 2020, Haitian Lawyer Mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 mall in the United States by total square feet of retail space and the largest mall in Florida. The city name is from the Spanish word for "adventure", and was named "Aventura" after the developers of the original group of condominiums in the area, Eddie Lewis and Don Soffer, remarked "What an adventure this is going to be." According to the U.S. Census estimates of 2010, the city had a population of 35,762. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henri Deschamps
Henri is an Estonian, Finnish, French, German and Luxembourgish form of the masculine given name Henry. People with this given name ; French noblemen :'' See the ' List of rulers named Henry' for Kings of France named Henri.'' * Henri I de Montmorency (1534–1614), Marshal and Constable of France * Henri I, Duke of Nemours (1572–1632), the son of Jacques of Savoy and Anna d'Este * Henri II, Duke of Nemours (1625–1659), the seventh Duc de Nemours * Henri, Count of Harcourt (1601–1666), French nobleman * Henri, Dauphin of Viennois (1296–1349), bishop of Metz * Henri de Gondi (other) * Henri de La Tour d'Auvergne, Duke of Bouillon (1555–1623), member of the powerful House of La Tour d'Auvergne * Henri Emmanuel Boileau, baron de Castelnau (1857–1923), French mountain climber * Henri, Grand Duke of Luxembourg (born 1955), the head of state of Luxembourg * Henri de Massue, Earl of Galway, French Huguenot soldier and diplomat, one of the principal commande ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dumarsais Simeus
Dumarsais Mécène Siméus (also Dumas Siméus; born 1939) is a Haitian-born and U.S. naturalized businessman from Texas. Simeus returned to Haiti to be a candidate in the 2006 presidential elections. Early life Siméus was born in Pont-Sondé in Haiti's Artibonite Valley, the son of peasant rice farmers who never had a chance to get a school education. He grew up helping his parents work the land in Haiti to feed himself and his 11 siblings. In 1961, his family sold some land so he could fly to the United States to pursue a college education at Florida A&M University. Siméus transferred to Howard University in Washington, DC, where he earned a degree in electrical engineering. In 1970, he became a US citizen. In 1972, he earned an MBA from the University of Chicago Graduate School of Business. Career He worked his way up the corporate ladder. He was a financial analyst at Rockwell International and KB Home, a director of Latin American operations for Bendix, general manager ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Haiti
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
