PromoCapital

PromoCapital, founded in 2004, was to be Haiti's first investment bank and is a subsidiary of PromoBank. The bank was headquartered in Pétion-Ville, 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.