SGL Royal Kapita, an investment advisory firm, has formally commenced operations with a promise to transform the investment banking industry with carefully-thought out strategies.
Addressing journalists at the launch, the firm’s Chief Executive Officer Dr. Bernard Tetteh-Dumanya, said the company is “not coming to add to the numbers in the investment advisory industry, but rather, to be a trendsetter in new and groundbreaking ways of conducting the investment banking business in Ghana, Africa and the world at large.â€Â
The company is a wholly-owned advisory subsidiary of Stepwise Group Limited (SGL), an indigenous organisation that specialises in business entrepreneurial development and capacity building.
SGL Royal Kapita, according to its CEO, will provide world-class investment advisory services aimed at supporting organisations and individuals working in the agricultural sector.
He said although Ghana is doing well in the agricultural sector, the fundamentals still remain fragile due to insecurity and the high risks associated with the sector.
“We need to help farmers to identify and consolidate their sources of income,†he said, adding that the company is set to develop savings and pension programmes tailored to meet the needs of those in the Agricultural Sector.
“The essence of this is for farmers to secure steady cash flow for an individual during and after their retirement years…â€Â
He said the company has also developed a strong corporate governance system with an independent investment committee, which would employ world-class techniques to secure and deliver optimum returns on the investments of its clients.
“We have built systems, structures and processes which are comparable to what investment banks the world over are operating with,†he added.
SGL Royal Kapita’s operations, Dr. Tetteh-Dumanya said, will be firmly rooted in the highest of ethical standards. “Our choices and behaviours would be aimed at making ethically sound decisions to the benefit of clients.
“SGL has gathered the finest team of professionals to carry out its unique vision of redefining the investment banking business. We will be professional in discharging our duties because our clients deserve the best,†he said.
Speaking at the launch, the Moderator of the Presbyterian Church of Ghana (PCG), Rt. Rev. Prof Emmanuel Martey, said players in the investment banking sector must abide by the ethical standards of the industry.
He said the violation of such ethical principles with the objective of financial gains is detrimental to the economy as a whole.
By Richard Annerquaye Abbey | B&FT Online | Ghana
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