Ken Ofori-Atta resigns from Databank

XYZ Business has learnt that the Executive Chairman of Databank has resigned.

The resignation of Mr. Ofori-Atta, a co-founder of Databank, took effect last Tuesday. XYZ BUSINESS sources at Databank say Mr. Ofoi-Atta, an astute investment banker is expected to take up a big offer abroad. The sources added that his resignation was long overdue after the man who has steered Databank into a bigger brand in Africa received several offers from abroad.

However, there are reports in some circles that Mr. Ofori-Atta's resignation was necessitated by ill-health.

Keli Gadzekpo, Executive Vice Chairman of Databank, has however assumed the leadership at the bank. Mr. Ofori-Atta is currently a director of two publicly listed companies, Enterprise Insurance Company and the Trust Bank of the Gambia of which he is a Chairman.

He is also Vice Chairman of Women’s World Banking in Ghana and Chairman of International Bank of Liberia. He is on the boards of New York University in Ghana, Central University College, College of Health Sciences, University of Ghana and the Ashesi University.

Prior to founding Databank, Mr. Ofori Atta had worked at Morgan Stanley and Salomon Brothers in New York in their Corporate Finance and Mergers and Acquisitions Groups. Databank has offices in The Gambia and Liberia and manages the most successful Pan African Fund, EPACK.

It has other mutual funds such as the Mfund, Balanced Fund and the Ark Fund. Under Mr. Ofori-Atta’s tenure, Databank has underwritten successful primary offers for Aluworks, Home Finance Company, now HFC Bank and UT Bank.