Databank Group has been adjudged the investment company of the year 2014.
[contextly_sidebar id=”3Et8exRS2EL0sSn4GvxK1avEkAVSLNxN”]The company, beat off competition from 19 other brokerage firms who were assessed for their performances during the year 2014.
Gold coast securities and First Banc financial services followed as silver and bronze winners respectively.
Chief Executive of Databank, Kojo Addae-Mensah in an interview with Citi Business News however bemoaned how their operations have been affected by the prevailing economic challenges.
“It’s been okay but it could be better. As you know, we get a lot of income from our foreign partners and they keep telling us we are not sure where the economy is going. Even though our partners are willing to invest in Ghana, when the signals are not really good, it is sad.” He said.
Mr. Addae-Mensah further noted, “The worst signal they could have sent to us was the policy rate increase but in the last three months I must admit that the exchange rate has been stable which is good for us.”
Below is the full list of award winners.
Fund Manager of the year
Gold: Gold Coast Securities Limited
Silver: CDH Asset Management Limited
Bronze: First Banc Financial Services
Broker-Dealer of the year
Gold: Databank Brokerage Limited
Silver: African Alliance Securities Limited
Bronze: IC Securities Limited
Research report of the year
Gold: Databank Research
Silver: First Banc Financial Services
Bronze: Gold Cost Securities
Best Growing New Investment Bank
Gold: Frontline Capital
Silver: Brooks Asset Management
Bronze: IGS Financial Services
Advertising Campaign of the year
Gold: EDI-Fund Databank Group
Deal of the year
Gold: HFC Bank- GH¢80m bond issue by HFC Investments
Equity fund of the year
Gold: EPACK investment fund, Databank group
Silver: SAS Fortune Fund
Bronze: Anidaso Mutual Fund
Balanced fund of the year
Gold: Christian Community Mutual Fund
Silver: Databank Balanced Fund
Bronze: Databank Ark Fund
Money market fund of the year
Gold: First fund- First Banc Financial Services
Silver: Gold Money Fund- Gold Coast Securities
Bronze: Databank Money Market fund
Best performing stock of the year
Gold: HFC Bank limited – 56.25%
Most promising young investment professional of the year
Gold: Geoffrey Fathers Maison- CAL Brokers
Silver: Joshua Foli Bavon- HFC investments
Bronze: David Marfo- African Alliance Securities
Portfolio Manager of the year
Gold: Nii Ampah-Sowa- Databank Asset Management
Lifetime Achievement Award
Ken Ofori Atta and Togbe Afede XIV
Investment bank of the year
Gold: Databank Group
Silver: Gold Coast Securities
Bronze: First Banc Financial Services
This year’s investment awards, the fifth to be organized by the Premier Networking Investment Club, also concluded the 2nd Capital Markets Week of the Securities and Exchanges Commission.
It was on the theme, “The Capital Market: An Answer to Ghana’s Economic Development”
–
By: Pius Amihere Eduku/citifmonline.com/Ghana
