Deltec was founded just after the end of World War II in 1946 by Clarence J. Dauphinot, Jr. and two associates, Earl Elrick and Angus Littlejohn (the first initial of their last names forming the DEL in Deltec). Along with a group of prominent financiers and families, Deltec became one of the first global, multi-family offices in the world as an invitation-only “Investors’ Club” designed to make direct private investments initially in Latin America then around the globe. In 1959 it created a private banking subsidiary, Deltec Bank & Trust, which is now one of the oldest private banks in the Bahamas. Today, the Deltec group of companies has grown to include Deltec Capital (Hong Kong), Deltec Wealth Management (Palm Beach) and Deltec Investments (London).