(CMR) We have received the question multiple times about who owns Republic Bank out Trinidad/Barbados and the local entity.
After doing some research we were able to find the following information on the Offshore Leaks Database – mostly from the Paradise Papers fiasco. Here's what we know:
They were incorporated in Barbados on 23 February 1999 and primarily conducts investment and investment management services and are registered in Bridgetown Barbados.
Republic Bank (Barbados) Limited is a wholly owned subsidiary of RFHL. They are also the sole shareholder of Republic Bank (Cayman) Limited which was established on 13 January 1999. They currently hold a Trusts License and an Unrestricted Class B Banking license. They also hold a mutual funds license and is a registered Excluded Person for the purposes of the Securities Investment Business Law of the Cayman Islands.
RFHL is a publicly quoted financial holding company on the Tobago Stock Exchange.
RFHL has 17 Subsidiaries and 3 associated companies. They claimed to not want to “introduce any major changes to the business or operations of Cayman National or “discontinue the employment of Cayman National” – despite the interesting recent release of recent President Ormond Williams. They intend to appoint two directors: Nigel Baptiste and Roopnarine Oumade Singh and review the remaining board members.
Cayman Registered Office:
Date of Appointments
Local Attorneys: Walkers