Dennise Williams, Staff Reporter
BUNTING
ON THE HEELS of opening a branch in the twin island republic of Trinidad & Tobago, Dehring, Bunting & Golding (DB&G) is deepening its presence in the Caribbean.
Within the next six months, DB&G should be listed on the Barbados Stock Exchange (BSE).
Speaking to the Financial Gleaner earlier this week, chairman of DB&G Peter Bunting said, "We have been invited by the BSE to submit an application. Although the volumes traded on the BSE are not high, it does add to the name recognition and we have clients in the country."
Additionally, Mr. Bunting said, "We are exploring ways to establish a presence in Barbados, whether in bricks (a building) or clicks (Internet presence)."
DB&G is already listed on both the Jamaica and Trinidad & Tobago Stock Exchanges.
Beyond a third listing, Mr. Bunting revealed that his firm is looking to establish a U.S dollar denominated mutual fund.
Mr. Bunting said, "We have submitted all the documents to the St. Lucia regulators and we expect to get approval within six months. We are very optimistic because we didn't submit the applications cold; we were in constant dialogue with the St. Lucia regulators."
Should DB&G get through with the regulators, they will join the growing ranks of Jamaican financial institutions offering hard currency mutual funds.
