DALLAS--(BUSINESS WIRE)--Bancroft Financial, LLC is pleased to announce the formation of Bancroft Management Partners, LLC to focus its efforts regarding the identification, evaluation, financing, and execution of investment opportunities in Guyana to participate in the strong multi-decade economic growth expected as a result of major oil discoveries announced by ExxonMobil, in Staebroek Field, offshore Guyana.
The firm will focus on real estate, infrastructure, the financial sector, transportation, hospitality industries as well as services to the oil and gas companies operating in Guyana.
In keeping with this focus, Bancroft is pleased to announce the participation of Mr. David Mahmalji as a founding partner of Bancroft Management Partners. Mr. Mahmalji retired in 2018 after 33 years with Hunt Oil Company, where he held a number of senior international positions in Africa, Southeast Asia, Europe, Middle East, North, South & Central America including 4 years in Guyana. Mr. Mahmalji worked extensively with government and industry representatives in many countries to source, execute and bring projects to profitable fruition. Married to Pamela, a born and raised Guyanese entrepreneur together with their three dual U.S. – Guyana citizen children, he brings decades of experience and deep understanding of the social, political and business dynamics of the country.
Ralph Curton, Chairman of Bancroft Financial, LLC, welcomed Mr. Mahmalji: “The addition of David to our team enhances our efforts and profile significantly and we are pleased he chose to partner with us. Mr. Mahmalji brings tremendous international business experience and local know how combined with many decades of experience operating successfully in nations around the world undergoing major periods of economic development.”
Jeffrey Van Putten, CEO of Bancroft Financial, LLC added: “We have been keeping up with developments in Guyana for a long time, developing key relationships, and building an inventory of projects and opportunities that will benefit from economic growth being driven by the world-class oil and gas discoveries in Guyana. With the initiation of first production in 4Q 2019 we believe that now is the time to start introducing sophisticated investors to compelling opportunities in Guyana.”
About Bancroft Financial, LLC: Formed in 2014 by Mr. Ralph Curton and Mr. Jeffrey Van Putten, Bancroft Financial provides capital and advice as a principal in transactions which include real estate, oil & gas, hospitality, finance, transportation, and other sectors. Bancroft Management Partners, LLC is an affiliate of Bancroft Financial and was founded to incorporate the expertise and strategic relationships of Mr. Mahmalji and others with respect to opportunities in and related to Guyana over the next decade.