September 28, 2020
Barita Investments Limited (BIL) has advised that, following the closing of its Additional Public Offer, First Citizens Investments Services Limited (“FCIS”), a fully owned subsidiary of First Citizens Bank Limited (“FCB”), now owns 5% of the shareholding of the Company. FCIS is a registered securities broker-dealer in the countries in which it operates, namely, Trinidad & Tobago, St. Lucia, Barbados and St. Vincent and Grenadines. FCIS, with total assets under management of approximately US$3.2 billion, which includes both proprietary and client assets, offers investment management products and services to its customers. FCB is a publicly traded company on the Trinidad and Tobago Stock Exchange with just over US$6 billion in assets and equity of over US$1 billion. FCB has an Investment Grade credit rating of BBB- by Standard & Poor’s.
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