KELI GADZEKPO
KELI GADZEKPO
$235 Million
CEO, ENTERPRISE GROUP LIMITED
Age: 53
Wealth: SELF MADE, INVESTMENTS
Education: BRIGHAM YOUNG UNIVERSITY, BACHELOR’S DEGREE, ACCOUNTING.
HARVARD UNIVERSITY, MASTER’S DEGREE, PUBLIC ADMINISTRATION
Known For: DATABANK
OVERVIEW
Keli Gadzekpo is the CEO of the
Enterprise Group Limited, which is the largest privately owned Insurance company in Ghana. He is also the Chairman of the Databank Foundation,
which is the corporate social responsibility arm of Databank Financial
Services. Keli serves as a member of the Index Advisory Council of the Mo Ibrahim
Foundation, an African good governance initiative. He is on the boards of Home Finance Company of The Gambia and the Nature Conservation Research Center,
which develops rural ecotourism and community protected areas.
Keli previously worked at
KPMG Peat Marwick in Washington, DC, and at Steuart Petroleum. He is married to
Faake and they have two children, Mawuena and Mifatu. He is a Fellow of the
inaugural class of the Africa Leadership Initiative-Ghana and a member of the
Aspen Global Leadership Network.
NET
WORTH SUMMARY
Keli Gadzekpo co-founded
the Databank Group with Ken Ofori-Atta. The group has over 200, 000 clients and
has more than US$200 million under its management with the equivalent of $232
million in assets.
Databank owns about 39.82
% of Enterprise Insurance Group through a company called Ventures and Acquisitions
Ltd. Enterprise Group as at December 2014 had total assets of about GHC 486
million.
Databank closed a $36
million fund in May 2014 that bought stakes in a poultry producer in Burkina
Faso, a bakery in Nigeria and a juice factory in Zimbabwe and which was
supported by a $6 million technical assistance facility by the European Union.
Databank is expanding its
private equity offering as the company, which also owns a brokerage, corporate
finance unit and a researcher and seeks to boost assets under management more
than threefold to GHC 3 billion by 2020.
Products of the company,
including the Epack, M-Fund, Ark Fund and B-Fund, have been designed to serve
specific interests in the investment spectrum. Over 70 percent of deposits are
from contributions from the informal sector.
Databank's flagship
mutual investment fund, Epack, has recorded a steady growth of 9,000% since
2006, with current net assets of $23 million.
Databank was the first to
introduce foreign investors to the Ghanaian stock market, the first to
successfully arrange a merger on the Ghana Stock Exchange, and it also launched
the first mutual funds in Ghana.
Databank is currently the
market leader in the mutual funds and unit trusts industry, with over 60%
market share.
Databank manages EPACK,
the most successful pan-African equity mutual fund, which has averaged 41%
annually since 1996 with a cumulative return of more than 18,700 % since
inception.
Databank Group’s
subsidiaries include: Databank Brokerage Ltd (includes Client Services (DBL)), Databank
Asset Management Services Ltd (includes Research division (DAMSEL)), Databank Private
Equity Ltd (DAPEL), Databank Financial Services Ltd (DFS), Databank Securities
Ltd in The Gambia, Databank Securities Ltd in Liberia
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