Deltec

What Deltec does

Deltec Bank & Trust Limited is a Bahamian private and corporate bank headquartered at Deltec House, Lyford Cay, Nassau, regulated by both the Central Bank of The Bahamas and the Securities Commission of The Bahamas. Founded in 1946 (originally in Brazil as a Kidder Peabody spin-off, relocated to The Bahamas in 1957 and licensed as a bank in 1959), the firm serves high-net-worth individuals and families, global entrepreneurs and enterprises, and External Asset Managers seeking a multi-jurisdictional booking center. Core product lines include Multi-Currency Accounts supporting 100+ countries and major cryptocurrencies, comprehensive Wealth Planning (international tax diagnostics, estate planning, trust and foundation structuring, family governance), multi-asset Investment Management featuring three in-house managed funds (Deltec Long Distance Fund, Deltec Dynamic Cash Fund, Deltec Global Absolute Return Fund), and Financing through Lombard loans (USD 50,000 minimum) and mortgage facilities (USD 500,000 minimum).

The technology stack is anchored by a digital banking platform and mobile app with encrypted security, integrated wallet support (Apple Pay, Google Pay, Samsung Pay), and the Visa B2B Connect cross-border payment network covering 118 countries. Through partner Delchain, Deltec extends into insured digital asset custody with cold storage and crypto-to-fiat conversion feeding the Deltec Global Credit Card. SOC 2 Type 1 certification was achieved in 2024 under AICPA trust services criteria for Security, Confidentiality, and Availability.

Deltec generates revenue primarily through a fee-based model rather than balance sheet spread income — explicitly avoiding proprietary trading, commercial lending, and leverage. Income streams include banking services fees, wealth planning and advisory fees, investment management fees (discretionary and advisory), and interest income from Lombard and mortgage lending against client assets. With 100+ employees, over $5 billion in AUM/AUA, a 19% capital ratio (well above the Basel III 10.5% minimum), and a 96% liquidity ratio, Deltec is 100% owned by Deltec International Group and its employees. In October 2024, the company entered an agreement to divest its banking and fiduciary business to Britannia Bank & Trust Ltd., representing a significant strategic repositioning of the franchise.

Name

Deltec

Legal name

Deltec Bank & Trust Limited

Website

https://deltecbank.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

51–100 employees

Short description

Deltec Bank & Trust Limited is a Bahamian private bank serving high-net-worth individuals, global entrepreneurs, and External Asset Managers with multi-currency accounts, wealth planning, investment management, and Lombard and mortgage financing across 100+ countries.

Ownership category

akta.pro rank

Product category

Private Banking

NAICS

Trust, Fiduciary, and Custody Activities (523991), Portfolio Management and Investment Advice (523940), Trusts, Estates, and Agency Accounts (525920)

SIC

Finance Services (6199)

akta.pro primary industry

Private Banking Cross-Border & International Wealth Services (FSABADAL)

akta.pro secondary industries

Corporate & Institutional Trust Services (FSAAANAB), Corporate Trust Services (Trustee, Agent & Escrow Roles) (FSAEAKAB)

Keywords

• Private banking services
• Wealth management
• Investment management
• Multi-currency accounts
• Corporate banking

Headquarters

HQ city

Nassau

HQ country

Bahamas

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Banking Services Fees: Deltec operates on a fee-based model rather than a balance sheet banking model. The bank does not make money by earning interest from investing client deposits. Income is generated through fees for offering excellent banking services including account management, wealth planning, investment management, and financing services.
2. Wealth Planning and Advisory Fees: Fees from comprehensive wealth planning services including international tax diagnostic, estate planning, family governance, asset protection strategies, trust and foundation structuring, and fund structuring.
3. Investment Management Fees: Discretionary portfolio management and advisory services generating fees from managing client investments across equities, bonds, derivatives, structured products, precious metals, and alternative investments.
4. Lombard and Mortgage Financing: Financing services including Lombard loans against pledged liquid assets and mortgage facilities for Bahamas property, generating interest income on loans while maintaining conservative credit policies.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Deltec Bank & Trust Limited is a private and corporate bank headquartered in Nassau, Bahamas, providing fee-based private banking, wealth planning, investment management, and financing services to high-net-worth individuals, families, global entrepreneurs, and external asset managers. Core deliverables include multi-currency accounts, bespoke estate and tax planning, discretionary portfolio management across global markets, Lombard loans, and Bahamas mortgage facilities.

Product overview

Deltec Bank & Trust Limited is a private and corporate bank headquartered in Nassau, Bahamas, offering a comprehensive suite of wealth management and banking services. The product portfolio centers on Multi-Currency Accounts as the foundational transactional product, supported by Wealth Planning (including estate planning, trust structuring, and tax optimization), Investment Management (with proprietary Deltec Managed Funds: Long Distance Fund, Dynamic Cash Fund, and Global Absolute Return Fund), and Financing solutions (Lombard Loans and Mortgages). The Deltec Global Credit Card provides multi-currency spending capabilities with crypto-to-fiat conversion. Additional services include Relocation Services for clients moving to The Bahamas and External Asset Manager partnership services. The bank leverages strategic partnerships with Visa B2B Connect for cross-border payments and Delchain for digital asset custody.

Differentiator

Problem solved

Functional benefit

Brands

• Deltec Long Distance Fund: An in-house managed fund with 13.4% YTD performance (as of recent reporting).
• Deltec Dynamic Cash Fund
• Deltec Global Absolute Return Fund
• Crypto Professional Fund
• Crypto Starter Fund
• Deltec Initiatives Foundation
• Deltec Initiative for the Arts
• Deltec Initiative for Young Entrepreneurs
• Deltec Initiative for Scholarship and Education
• Deltec Cares

Products and services

• Multi-Currency Accounts

Quantifiable outcome

• Capital adequacy ratio of 19% as of May 2023
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Five partnerships are on record, tiered major and core.

• Britannia Bank & Trust Ltd.majorStrategic or Co-development Partner · 3 October 2024Deltec Bank entered into an agreement for the acquisition of Deltec Bank's banking and fiduciary business by Britannia Bank & Trust Ltd. The acquisition received all necessary regulatory approvals, transferring client accounts seamlessly with no costs to clients.
• VisacoreTechnology or Integration · 28 June 2024Deltec Bank joined Visa B2B Connect, a multilateral payment solution enabling faster and frictionless cross-border payments for corporate clients. The network is available in 118 countries across 6 continents, providing enhanced efficiencies, greater transparency, and reduced complexity in international corporate payments.
• DelchaincoreTechnology or IntegrationThrough partner Delchain, Deltec offers insured digital asset custody with military-grade encryption, safe walls, and cold storage. The partnership provides real-time reporting on both fiat and digital assets, enabling seamless management of crypto-to-fiat conversions for the Deltec Global Card.
• Central Bank of The BahamascoreOthersDeltec Bank is regulated by the Central Bank of The Bahamas and the Securities Commission of The Bahamas, operating under comprehensive supervision and regulation in accordance with international standards.
• Securities Commission of The BahamascoreOthersDual regulatory oversight by the Central Bank of The Bahamas and Securities Commission ensures compliance with banking and securities regulations, FATCA, and CRS requirements.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Lombard Odier: Swiss private bank focused on HNW/UNHW clients with cross-border wealth planning, family governance, multi-asset discretionary mandates, and discretionary funds — a richer-scale analogue of Deltec's boutique global-wealth offering.
• SG Kleinwort Hambros (Société Générale): UK/Channel Islands private bank of Société Générale serving HNW international clients with cross-border wealth planning, multi-currency banking, and trustee services comparable to Deltec's global entrepreneur segment.
• Pictet Group: Swiss private bank with $700B+ AUM serving HNW and family-office clients across multi-currency, discretionary, and alternative mandates. Comparable in multi-asset wealth philosophy and family-office orientation to Deltec.
• HSBC Private Bank: Global private bank of HSBC serving HNW clients with cross-border banking, wealth planning, and digital-asset services across 100+ markets, comparable to Deltec's cross-border and digital-asset ambitions.
• RBC Royal Bank (Caribbean): Caribbean private banking arm of RBC Wealth Management offering multi-currency, trust and wealth structuring services across the Bahamas and broader Caribbean, with global brand recognition.

Direct peers

• Ansbacher (Bahamas) Limited: One of the earliest Bahamas private banks (since 1957), acquired by Deltec in 2022. Direct overlap in Bahamas private banking, trust, and corporate services, now being folded into the Britannia transaction.
• Butterfield Bank: Bermuda-headquartered offshore private bank (~$70B AUM) serving HNW and institutional clients across Caribbean/UK. Comparable in jurisdiction profile, fiduciary/trust services, and multi-currency offerings to Deltec's Bahamas-anchored model.
• Britannia Bank & Trust Ltd. Bahamas-based private and corporate bank (since 1997) now acquiring Deltec's banking and fiduciary business. Direct product overlap in multi-currency accounts, wealth structuring, and trustee services within the Bahamas market.

Regional players

• FirstCaribbean International Bank (CIBC Caribbean): Caribbean regional private and corporate bank majority-owned by CIBC. Operates Bahamas private banking and wealth management alongside Deltec's home market with overlapping HNW clientele.

Emerging players

• Delchain Limited: Bahamas-based digital-asset custody and blockchain subsidiary of Deltec, offering regulated crypto custody and on/off-ramps adjacent to Deltec's banking and wealth offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/deltecbank
• LinkedInlinkedin.com/company/deltec

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Deltec