Investment banks must adhere to ethical financial standards – Delta Capital

Mr Victor Owusu, Chief Executive Officer of Delta Capital Limited, has called on investment banking firms to adhere to ethical financial standards to protect the assets and shares of clients.

He said the changing global trend, usage of social media for marketing purposes, and internet banking as well as general access to the information, technology and communication sphere calls for greater circumspection by investment banking firms.

Mr Owusu stated during the opening of the Delta Capital Limited, Tema Branch, which is strategically located at the industrial hub in conformity with the company’s corporate vision to bring services to the door step of clients.

He said Delta Capital Limited, an investment banking firm, would continue to roll-out programmes and investment plans to help ordinary people and corporate institutions build their financial assets through short to long-term investments.

The CEO of Delta Capital noted that in Ghana, long-term investment had not been popular amongst investors, however, in a growing economy, it was as important as the role of the government’s economy-boosting measures.

Mr Owusu noted that the Ghanaian economy had long suffered from unsophisticated export of natural resources and raw materials, aggravated inflation and a falling value of the local currency.

However, deliberate and persistent private sector investment of surplus money had the potential to revitalize our economy. “Our strategic plan is to remain one of the foremost investment banking firms in Ghana.

“We believe that our structure enables us to provide the highest standard in fund management, quality service, competitive products and value to our customers.

“While our business evolves, our culture remains constant. We highly uphold the role of communication as we seek to provide tailor- made solutions to our clients”.

Mr Owusu noted that Delta Capital would continue to create jobs to compliment government’s effort to reduce unemployment.

He said Tema was an industrial hub of Ghana. “It has huge business prospect and provides business opportunities for our company. As we commence business in the city, we pledge to provide excellent and ethical financial services to residents of Tema and its surroundings”.

He called on the people of Tema and the surrounding communities and corporate bodies, to patronize the services.

Mr Owusu, said the vision of the shareholders that inspired the birth of Delta Capital in 2014 was to build an investment banking firm that provided a complete and timely investment advisory and fund management solutions to Ghanaians.

“We aspire to become the preferred investment banking firm in Ghana. As an investment banking firm, we provide fund management, corporate finance, and investment advisory service”.

“We undertake research and due diligence reviews for corporate bodies. We are also licensed by the National Pensions Regulatory Authority (NPRA) to manage pension funds. Since our incorporation in 2014, we have grown by the day. 

“With a formidable team of professionals and astute investment bankers, our asset under management has grown from Ghc2 million in our first year of operation to well over Ghc50 Million by the end of the third quarter of this year.

“In the mist of market challenges, Delta Capital has managed to win new clients and maintained an average client retention rate of 90 per cent.

“All these have been achieved because we have a team of dedicated and hardworking staff, committed to providing excellent financial solutions to our cherished clients,” he stated.

Mr. Kenneth Ashigbey, Managing Director of Graphic Communications Croup, commended Delta Capital for its impressive performance in few years of operations.

He said capital market operators should play key role and lead in identification and package viable companies that can be set up under the one district one factory programme of the government.

Mr Ashigbey further called on pension fund managers to channel the fund’s investments into key infrastructural projects rather than short term investments in treasury instruments to help develop infrastructure in the country.

Source: GNA

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