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Databank named Investment company for 2014

bycitibusinessnews
December 1, 2015
in Banking And Finance, Business, Top Stories
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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.

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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

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