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Origin Story

  • 1990
  • 1994

    Fidelity Bank & Trust International (FBTI) was formed as a holding company in The Bahamas.

  • 1995
  • 1995

    FBTI purchased British American’s Banking Division which included: British American Bank (Bahamas), British American Bank (Cayman), and BritAm Insurance (Cayman).

    Completed first investment banking transaction. We financed FBTI by raising $5m in equity and $7.2m in preference shares through a Private Placement and $17m in bank debt.

  • 1997

    FBTI set up Fidelity Merchant Bank & Trust (FMBT) and took over the trading of public shares from Coutts becoming the first market maker.

    Our mission statement “To Help Clients Create and Manage Wealth” was introduced.

    The pension administration business was created when The Bahamas Gov. advised of new pension legislation.

  • 1998

    Completed second capital raise. We raised $10m for Bahamas Ferries.

    Purchased Coutts’ share registrar and transfer business.

    Launched the first Multi-Employer Pension Fund in The Bahamas

  • 1999

    Established the first public mutual fund. A balanced fund called the Fidelity Growth & Income Fund.

  • 2000
  • 2000

    Established the trust business.

    Created the first property fund and listed it on BISX.

  • 2001

    Between 1997 and 2001 we assisted in bringing 14 companies to market and increased the # of public companies from 7 to 21.

  • 2004

    First BDR offering for Kerzner International.

  • 2005
  • 2007

    50% of the FMBT was sold to Royal Bank of Canada (RBC) and became RF Merchant Bank & Trust (RFMBT).

    Offered the first Principal Protected Security in The Bahamas – TIGRS.

  • 2008

    RFMBT (Barbados) opened operations.

  • 2009

    Offered the first Principal Protected Security in Barbados – TIGRS.

  • 2010
  • 2018

    Global Invest product was launched allowing Bahamians to access investments in international markets easily when The Bahamas gov. changed legislation on international investments.

    RFMBT completed the largest Private Placement in The Bahamas at $134 million, $75 million of which was new B$ Bond debt that replaced overseas USD creditors.

    RFMBT reached the $2B mark for assets under administration.

  • 2019

    RFMBT Management bought out RBC and Fidelity Bank to acquire 100% ownership in RFMBT under a new holding company, RF Holdings.

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