Deltec Bank & Trust Ltd. is “One to Watch”
Deltec Bank & Trust is a key player within the financial services community in The Bahamas, where financial services revenues account for over 17% of GDP. The Bahamas has recently taken strides to promote its financial services industry on a global stage, with the European Union reaffirming the nation’s compliance with its strict criteria in early 2020. Today, there are approximately 700 funds licensed in the Bahamas, with assets under management totaling over $200 billion. Deltec Bank has witnessed a dramatic increase in growth, with assets under management growing nearly 12-fold between 2003 and 2019. In 2016, Deltec purchased the…