First Citizens Investment Services Limited (“FCIS") Acquires 5% Stake in Barita Investments Limited
- Barita Investments Limited 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$3.2Bn, 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$6Bn in assets and equity of over US$1Bn. FCB has an Investment Grade credit rating of BBB- by Standard & Poor.