PromoCapital
Encyclopedia
PromoCapital, founded in 2004, was to be Haiti
's first investment bank and is a subsidiary
of PromoBank. The bank was headquartered in Pétionville
, 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
Haiti
Haiti , officially the Republic of Haiti , is a Caribbean country. It occupies the western, smaller portion of the island of Hispaniola, in the Greater Antillean archipelago, which it shares with the Dominican Republic. Ayiti was the indigenous Taíno or Amerindian name for the island...
's first investment bank and is a subsidiary
Subsidiary
A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...
of PromoBank. The bank was headquartered in Pétionville
Pétionville
Pétion-Ville is a commune and a suburb of Port-au-Prince, Haiti, in the hills east and separate of the city itself on the northern hills of the Massif de la Selle. It was named after Alexandre Sabès Pétion , the Haitian general and president later recognized as one of the country's four founding...
, Haiti and has representative offices in Washington, D.C. and Aventura, Florida
Aventura, Florida
Aventura is a planned, suburban city located in northeastern Miami-Dade County, Florida. The city name is from the Spanish word for "adventure", and was named "Aventura" after one of the developers of the original group of condominiums in the area remarked to the others, "What an adventure this is...
. 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
Dumarsais Simeus
Dumarsais Mécène Siméus , born in 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:...
Chairman, PromoCapital USA. Partners were looking for annual returns in the mid- or high teens. The entity has been inactive since inception