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Wrong Samuel Asiedu?

Samuel A. Asiedu

Managing Director

FirstBanC Financial Services Ltd

Email: s***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

FirstBanC Financial Services Ltd

Ghana

Company Description

FirstBanC's Private Wealth Management service is designed to offer a full range of discretionary and non-discretionary investment management services to high-net-worth clients who wish to maximise their access to a flexible, personal service by a Wealth Manage...more

Web References(35 Total References)


FirstBanC Increases Market Share in the Pensions Industry

firstbancgroup.com [cached]

Mr. Samuel Annie Asiedu, Managing Director of FirstBanC attributed the company's rise in the market share to strong investment management and dedication by its team, robust IT systems, timely decisions and excellent client services rendered by the company to the various schemes under its management.
He reiterated that in the current competitive pension market where efficiency plays a vital role in fund management services, FirstBanC had put in place measures to ensure an efficiency in the management of pension schemes, thus ensure creation of wealth for the fund contributors. Mr. Asiedu also indicated that the company has put in place strategies to double the current assets under management and to become the number one fund manager in the industry by end of 2018.


News

firstbancgroup.com [cached]

According to the Managing Director of FirstBanC, Mr. Samuel Asiedu, the fund is doing very well because of prudent operational costs management coupled with the current high interest rate on money market instruments.


News

firstbancgroup.com [cached]

Mr. Samuel Asiedu, Acting Managing Director of the Company, made these disclosures when he met with some of its clients at an end-of-year Business Session organized by the company to interact with clients.
Mr. Asiedu said, First Fund, the company's flagship money market mutual fund, grew by 61% to GH¢22.3 million. It recorded an annualized yield of 37.12%, compared with 24% average interest rate for the 91-day Treasury Bill, according to Mr. Asiedu. He indicated further that interest on the First Fund by investors was strong, due to its high returns which led to a rise by 24% in clientele base. Mr. Asiedu disclosed that First Fund was adjudged the best money market fund of 2013, an award the Fund has won for four consecutive years. He said the company's equity fund, Heritage Fund, also saw a strong growth of 33% to over GH¢1.3 million Ghana Cedis, adding that the fund posted a return of 8.87%, outperforming the GSE Index of 7.12%. Mr. Asiedu indicated that it's Bulls and Bears programme which provides public education on investments, has contributed positively to the company's performance during the year. He said the company continues to feature prominently in the pension fund management business. Inflows in pension schemes also went up. This is in part due to the timely investments decisions carried out by its pension team coupled with value added services provided to scheme Trustees. Pension funds under management is in excess of GH¢100 million with potential increase expected in 2015. Mr. Asiedu said the last quarter of the year proved strong for the company, compared to the second and third quarters. The company, he said, experienced withdrawal of investments by investors during the third quarter as a result of the fall in the value of the cedi, adding however that, as the cedi recovered, investors were attracted by high yield on securities on the market, and it saw return of funds by investors for management. According to Mr. Asiedu, the company is considering an introduction of another investment product on the market in 2015 if the market condition proves right. He disclosed that plans are far advanced to set up another office outside Accra in 2015.


News

firstbancgroup.com [cached]

Samuel Annie Asiedu
Ag. Managing Director FirstBanC Financial Services Limited. Dated November 1, 2014


Board of Directors

firstbancgroup.com [cached]

Mr. Amenyo replaces Mr. Samuel Asiedu who having worked passionately in the company since 2010, steps down as the Managing Director on September 30, 2016 for a different role within the First Group.


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