Investment Committee

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Investment Committee

Category:Highlights

Investment Committee

The Board of the Prempeh Endowment Fund (PEF) empowers an investment committee of four-seven members.  The Investment Committee shall have full power and authority to make decisions related to investments of the school. The committee may select and authorize the engagement of such agents, advisers, brokers, and attorneys, as it deems necessary to aid it in the proper discharge of its duties.  The investment committee has responsibility for the fund’s investment performance.  The investment committee ensures that the optimum investment result for the endowment is achieved by focusing on good governance.  The members of the committee serve a 5-year term subject to renewable for a maximum of 2 additional terms that may or may not run in succession.

The responsibilities of the Investment Committee are to:

  • determine an Asset Mix Policy in conjunction with our fund manager subject to yearly review
  • maintain the purchasing power of the Fund after payout over the long-term; the required return, at a minimum, should meet (after fees) the PEF’s Investment Payout Policy
  • earn a return premium that should at least cover the cost of management
  • review and recommend to the board investment policy and asset allocation of the endowment
  • determine risk and return objectives
  • monitor the attainment of the investment and financial objectives
  • engage in strategic thinking and long-term planning in regard to the endowment

PEF strives to work with parties who support resolutions that encourage (and oppose resolutions that inhibit) the implementation of reasonable sustainable practices and environmental and social responsibility.  The Investment Committee is tasked with ensuring that the endowment continues to be invested in a manner consistent with—and supportive of—PEF’s mission and values regarding ethical, social, and environmental issues.

Committee Members 2018 – 2023

  • George Mensah, Class of 1979/81

Senior Mensah is an experienced investor who has managed funds with assets in excess of US$1 billion.  He is currently Managing Director of Ghana Re-Insurance Corporation.  George started his professional career in 1993 with Merrill Lynch Asset Management (MLAM) as a Financial Accountant in Princeton, NJ USA. He later joined Prudential Financial in Newark, NJ as Senior Analyst within the Investment Management Research team and was responsible for ensuring that portfolio managers had the ability to achieve superior returns in both up or down markets.  Following his relocation to Ghana, George held management positions as Assistant Director in charge of Treasury and Investment at African Reinsurance Corporation and Executive Director, Head of Investments at SIC Insurance Company. He has served on several Boards including Ghana Stock Exchange, NTHC Financial Services, Afram Publications Limited and Starwin Products Limited, a pharmaceutical company in Ghana.  George holds an MBA in Finance from the Stern Business School, New York University, New York, New York, USA and a BSc in Accounting and a minor in French from Montclair State University, Montclair, New Jersey, USA.

  •  Frank Tawiah, Class of 1980/82

Senior Tawiah has over 25 years of experience in finance and management.  He is currently the Chief Executive Officer of Core Afrique Investments Limited, an investment advisory company he foundered in 2004.  Prior to that, Frank served as the managing director of Equatorial Cross Acquisitions Limited, a finance company that was influential in raising equity for the development of the corporate plaza in the Airport City enclave in Accra, Ghana.  Frank is very knowledgeable in Finance, Accounting and Taxation and has previously lectured on those subjects at GIMPA, Accra.  He has served on several corporate boards including Emerald Properties Ghana Ltd., Darlow Ghana Ltd., Capstone Capital, and Spintex Inc.  Frank is a Chartered Financial Analyst and a member of CFA Institute.  He holds an MBA from the Schulich School of Business, at York University, Toronto, Canada with specialization in Corporate Finance, Investments and Accounting and a BSc degree in Chemistry from the Kwame Nkrumah University of Science and Technology, Kumasi, Ghana.

  • Henry Addison, Class of 1980/82

Henry is an Advisor at the Australian Treasury, and in his current role at the Foreign Investment Review Board Secretariat, his objective is to ensure that foreign investments in Australia are in Australia’s national interest. He is very skilled in international relations and international economic law and policy, having contributed to key outcomes in a range of sensitive matters on behalf of the Australian government.

These have included being a negotiator in:

  • G20-inspired OECD Working Party meetings in Paris to develop ways to modernize the international tax system;
  • free trade agreement discussions, for example, with China, South-Korea, India, and the Trans-Pacific Partnership;
  • discussions for a possible Visiting Forces Agreement to enhance Australian-Japanese military cooperation, and
  • the intergovernmental agreement with the United States to prevent tax evasion by US nationals. He has also assisted the Government-appointed Board of Taxation in reviewing the taxation of Islamic finance instruments, collective investment vehicles, and hybrid regulatory capital.

Henry was called to the English Bar (Inner Temple) and has been admitted to the degrees of Master of Laws in Banking and Finance (Queen Mary, University of London) and Master of Commercial Law (University of Melbourne).

He lives in Canberra with his wife and two children.

  • Hene Aku Kwapong, Class of 1979/81, Chair

Senior Kwapong has extensive experience in finance and management.  He is currently a board member of Nordicom-Denmark, a real-estate investment group in Denmark and serves as a board member of Ecobank Ghana. Hene Aku has previously held management positions at Exxon Mobil Corporation, Senior Manager at Microsoft Corporation, Vice-President at GE Capital, Senior Vice President & Treasurer at the New York City Economic Development Corporation, Vice-President at Deutsche Bank, and Chief Operating Officer EMEA Credit at Royal Bank of Scotland in London. Since 2014, he has been engaged in consultancy tasks in restructuring and launched The Songhai Group, a corporate development company. He serves on audit committee, risk, and governance committees in his board roles.  Hene Aku studied Chemical and Nuclear Engineering at MIT, Cambridge, Massachusetts, USA.  He obtained his PhD in Non-linear Systems Dynamics from Columbia University, New York, USA and an MBA in Economics from the MIT Sloan School of Management, Cambridge, Massachusetts, USA.

Resources

Statement of Investment Committee

Statement of Objectives and Policies

Responsible Investing


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