Geocapital plans to open investment banks in Macau and East Timor

14 November 2010

Macau, China, 14 Nov – Financial company Geocapital plans to open investment banks in Macau, via a partnership with Banco Privado Atlantico, and in East Timor at the beginning of 2011, the company’s chief executive, Jorge Ferro Ribeiro said Saturday.

“In Macau we are in negotiations with the Monetary Authority of the region and with other partners. We think, and it is our wish, that over the next few months the matter will be resolved,” said the deputy chairman and chief executive of Geocapital, Jorge Ferro Ribeiro, speaking to journalists in Macau.

“We have already signed a protocol with the Timor government and are meeting the outlined schedule,” he added on the sidelines of the Businesspeople and Financial Staff Conference as part of the 3rd Ministerial Conference of Forum Macau.

“At the start of 2011 Geocapital’s presence in East Timor is likely to be made official,” Ferro Ribeiro said. (macauhub)