Rev. Daniel Ogbarmey Tetteh, Vice President of Databank has been appointed as the new Director General of Securities and Exchange Commission (SEC). The investment banker takes over from Dr. Adu Anane-Antwi who retired from the commission as its boss in December 2016.
Rev. Daniel Ogbarmey Tetteh has over 20 years’ experience in the investment banking industry and has been the Executive Director and Head of Databank Asset Management Services Ltd. (DAMSEL) from 2008.
Under his leadership, assets under management has grown from GH¢192 million to over GH¢1.8 billion currently.
Prior to assuming leadership of DAMSEL in 2008, Daniel was head of Databank Research from 2000.
Daniel built Databank Research team into a formidable research house supplying economic and equity research to many economic actors including leading media houses, local and international such as Financial Times, CNN, Bloomberg.
Under his leadership, Databank Research was awarded the prestigious Best Africa Research Team (2007) award at the Africa Investor Ai Index Awards held at the London Stock Exchange in 2007.
He lectured in Marketing at the University of Ghana Business School from 1996-1998 and was also a Facilitator in a Case Study at a Corporate Strategy class at Harvard Business School, USA in 2008.
Daniel is also the General Overseer of New Creation Chapel Int., a charismatic church headquartered in Accra.
He is a motivational speaker and an author of two books: “31 Days to Financial Independence” and “You Can’t Make Your Wife Pregnant”.
He was educated at the University of Ghana Business where he obtained a B.Sc. Admin with First Class honors in 1989 and an M.B.A (Marketing).
Daniel also holds a Postgraduate Diploma in Corporate Finance and Management from Sorbonne University, France in 2001 and an honorary doctorate in Management and Christian Leadership from the International Christian University in 2014.
According to the Reverend Daniel Obgarmey Tetteh he is committed to supporting the private sector and also making the capital strong because of the role it plays in developing the economy.
The new SEC boss said he is committed to addressing issues that impede the operation of players in the investment banking space and the industry.
“I believe that this is the time for the capital market to blossom and fulfil its mandate in the Ghanaian economy,” he stressed.
The Securities and Exchange Commission (‘the Commission’) is established by the Securities Industry Act, 2016 (Act 929) (‘the Act’) with the object is to regulate and promote the growth and development of an efficient, fair and transparent securities market in which investors and the integrity of the market are protected.
Functions of the Commission
To achieve the object of the commission, the commission shall:
Advise the Minister on matters relating to the securities industry.
Maintain surveillance over activities in the securities to ensure orderly, fair and equitable dealings in securities.
Register, licence, authorize or regulate, in accordance with the Act or the Regulations, the establishment of securities exchanges, commodities and futures exchanges, securities depositories, clearing and settlement institutions, credit rating agencies, fund managers, investment advisers, unit trusts, mutual funds, hedge funds, private equity funds, venture capital funds nominees, underwriters, issuing houses, registrars, custodians, trustees, primary dealers, broker-dealers the mode of conduct of securities businesses, issues concerning Accounts and Audits, the establishment of fidelity funds and trading in securities.
Formulate principles for the guidance of the industry.
Monitor the solvency of licence holders and take measures to protect the interest of customers where the solvency of a licence holder is in doubt.