| Company type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1990 |
| Headquarters | , Ghana |
Number of locations | 20 branches |
Key people | Kojo Addae-Mensah Chairperson Frankie Hayford Executive Director |
| Products | Asset management, brokerage, investment banking, mutual funds |
| Total assets |  GH₵9,672+ million (US$634+ million) (2022)[1] |
| Website | homepage |
Databank Group, commonly known as Databank, is a multinational financial services group headquartered in Ghana.[2][3] It is licensed as a pension fund manager by the NPRA.[4]
The group has played a role in the development of Ghana's capital market, being the first bank to establish mutual funds in Ghana.[4]
Overview
Databank is a large asset management firm, providing corporate finance advisory, stock brokerage, fund management, private equity and research services throughout the region.[2] It operates 20 branches across the country, along with owning subsidiaries in Liberia, Sierra Leone, and The Gambia.[5] As of 2022, the group owns a total of GH₵9,672 million in assets.[1]
The group operates 5 mutual funds:[2][6]
- Epack Investment Fund (Epack)
- Money Market Fund (MFund)
- Balanced Fund (BFund)
- Ark Fund (ArkFund)
- Educational Investment Fund (EdIFund)
History
The group was founded in October 1990.[3] It was one of the first investment banks to emerge in the region. Originally providing financial information to foreign investors, the establishment of Ghana’s stock market changed the focus of the group. This lead to the company designing Ghana's first stock market index.[7]
In 1996, Databank launched the Epack Investment Fund, Ghana's first licensed investment fund.[4]
Leadership
This is the list of the current executive board of Databank, as of June 2024:[8]
| Name of executive | Position |
|---|---|
| Kojo Addae-Mensah | Chairperson |
| Frankie Hayford | Executive Director |
| George C. Attopany | Head of Information Technology |
| Gillian Hammah | Head of Marketing |
| Dela Obeng-Sakyi | Head of Legal & Compliance |
| Emmanuel Quarm | Financial Controller |
| Theresa Kwofie | Head of Human Capital & Administration |
| Alex Boahen | Executive Director, Databank Research |
| Armah I.J. Akotey | Executive Director, Databank Brokerage Limited |
| Nii Anyetei Ampa-Sowa | Executive Director, DAMSEL |
Location
The headquarters of Databank and its main branch are located at 61 Barnes Avenue in Adabraka, a town in Accra.[9] The geographical coordinates of the bank's headquarters are: 5°33'32.7"N, 0°12'19.0"W (Latitude: 5.559087858630442; Longitude: -0.20527719664922026).[10]
See Also
References
External Links
Category:Companies based in AccraCategory:Banks established in 1990Category:Ghanaian companies established in 1990