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2015-08-23T00:00:00.000Z

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Wrong Samuel Asiedu?

Mr. Samuel Asiedu

Managing Director

FirstBanC Financial Services Ltd

HQ Phone:

Email: s***@***.com

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 M ... more

Find other employees at this company (21)

Background Information

Education

BSc
Admin. ( Accounting Option
University of Ghana

MBA
Finance
University of Hull , UK

Web References (19 Total References)


Philosophies and Values

www.firstbancgroup.com [cached]

The Chief Investment Officer Mr Samuel Asiedu in an interview with Joy FM Morning Show, educated Ghanaians on the need to have investments on the theme, "Spend some, save and invest some".

...
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.


Board of Directors

www.firstbancgroup.com [cached]

Mr. Samuel Asiedu

Samuel Asiedu is the Managing Director of FirstBanC Financial Services Ltd. He has several years of experience in investment banking and general financial advisory services both in Ghana and the UK. He joined FirstBanC in 2010 as Head of Corporate Finance and led the firm to launch its second mutual fund, Heritage Fund which was oversubscribed.
He became Head of Business Development unit in 2011 and won several businesses in corporate finance including syndication arrangements and fund management. He moved to head the Asset Management unit and helped grow the company's managed assets significantly.
He was appointed an Executive Director in 2013 and became Deputy Managing Director a year later. He was appointed Acting Managing Director in August 2014 and confirmed in February 2015. He has been involved in business development and management, providing tactical and strategic direction and assistance to staff.
His expertise includes financial due diligence reviews, business valuations, mergers and acquisitions, projects/investment assessments, capital structuring and venture capital and fund management.
Samuel prior to joining FirstBanC, worked with Deloitte and Touche, Ghana as a Financial Analyst where he handled high profile financial advisory engagements.
Samuel holds BSc Admin. (Accounting Option) from University of Ghana, an MBA (Finance) from University of Hull, UK and a professional qualification with CIMA.
News Highlights
The Chief Investment Officer Mr Samuel Asiedu in an interview with Joy FM Morning Show, educated Ghanaians on the need to have investments on the theme, "Spend some, save and invest some".
...
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.


Private Wealth Management

www.firstbancgroup.com [cached]

The Chief Investment Officer Mr Samuel Asiedu in an interview with Joy FM Morning Show, educated Ghanaians on the need to have investments on the theme, "Spend some, save and invest some".

...
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.


Investment Management

www.firstbancgroup.com [cached]

The Chief Investment Officer Mr Samuel Asiedu in an interview with Joy FM Morning Show, educated Ghanaians on the need to have investments on the theme, "Spend some, save and invest some".

...
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.


Management

www.firstbancgroup.com [cached]

Samuel Asiedu is the Managing Director of FirstBanC Financial Services Ltd. He has several years of experience in investment banking and general financial advisory services both in Ghana and the UK. He joined FirstBanC in 2010 as Head of Corporate Finance and led the firm to launch its second mutual fund, Heritage Fund which was oversubscribed.

He became Head of Business Development unit in 2011 and won several businesses in corporate finance including syndication arrangements and fund management. He moved to head the Asset Management unit and helped grow the company's managed assets significantly.
He was appointed an Executive Director in 2013 and became Deputy Managing Director a year later. He was appointed Acting Managing Director in August 2014 and confirmed in February 2015. He has been involved in business development and management, providing tactical and strategic direction and assistance to staff.
His expertise includes financial due diligence reviews, business valuations, mergers and acquisitions, projects/investment assessments, capital structuring and venture capital and fund management.
Samuel prior to joining FirstBanC, worked with Deloitte and Touche, Ghana as a Financial Analyst where he handled high profile financial advisory engagements.
Samuel holds BSc Admin. (Accounting Option) from University of Ghana, an MBA (Finance) from University of Hull, UK and a professional qualification with CIMA.
...
The Chief Investment Officer Mr Samuel Asiedu in an interview with Joy FM Morning Show, educated Ghanaians on the need to have investments on the theme, "Spend some, save and invest some".
...
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.

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