MEET YOUR DFL TEAM
Gary Awai
CEO
Tiffany Marquez
General Manager, Merchant Banking & Investment Services
Stacey Bachoo
Chief Accountant
Gregory Soodeen
Manager, Information Technology & Communication
Jewelle Moore
Marketing Coordinator
Nicholas Bell-Smythe
Manager, Portfolio & Investment Administration
Kathy Ramsaran
Treasury Sales Officer
BOARD OF DIRECTORS
Andrew Ferguson
Chairman
Kaisha Ince
Director
Lionel Seunarine
Director
Louis Nurse
Director
Ryan Maharaj
Director
Varun Maharaj
Director
Prakash Dhanrajh
Director
GOT QUESTIONS?
Scroll down for answers to the questions we get asked most often. If you still need something clarified don't hesitate to reach out. Our customer service team is ready to help.
ARE YOU A NEW COMPANY?
Actually, Development Finance Ltd (DFL) began life in the 1970s as a state enterprise known as the Trinidad and Tobago Development Finance Company with a mandate to provide financing for business development to the SME (Small and Medium Enterprise) sector. Since 2011, the company has gone through major restructuring to widen its product offering. We now offer business financing, investment services, deposit and savings products.
ARE YOU LICENSED UNDER THE LAW?
Yes, we are licensed by the Central Bank of Trinidad and Tobago as a non-bank financial institution under the provisions of the Financial Institutions Act 2008. We are also regulated by the Trinidad and Tobago Securities and Exchange Commission.
WHAT ABOUT DEPOSIT INSURANCE?
Glad you asked, Development FInance is a member institution of the Deposit Insurance Corporation of Trinidad and Tobago. You can learn more here.
WHERE ARE YOUR LATEST FINANCIALS?
DOES DFL OFFER TRADITIONAL BANKING?
No, as a merchant bank we don't offer traditional bank accounts. We are focused on business financing, investment services, deposit and savings products.
DO YOU FINANCE STARTUPS?
Actually, we provide business financing to growth-stage and mature companies.
Disclaimer: Development Finance is a non-bank financial institution licensed in Trinidad and Tobago under the Financial Institutions Act (2008) and registered with the Deposit Insurance Corporation. Savings and fixed deposits up to TT$125,000 are fully insured, but investments in securities are not DIC-insured and there is always the risk of losing money. DFL loans are subject to lender approval. In some stories, we feature remarkable companies that have made an impact on our economy, our communities and our daily lives. Featured companies are not all Development Finance clients.
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