The company has also changed its name to Teak Tree Brokerage Limited.
In a circular to investors on Monday, the following individuals have also been appointed to the board of the company; Dr Olivia Anku-Tsede, Joseph Kusi-Tieku and Kwesi Abedu Wilson.
Sources in the company say the move might be due to ongoing restructuring of some of its subsidiaries and also to get Dr Nduom out of the front line business dealings of Groupe Nduom, and bring on board experienced persons to run the business.
Change of name
Earlier this year, Groupe Nduom also announced the name change of its Gold Cost Fund management firm to Blackshield Capital Management. It also disclosed the creation of a special purpose entity – Cardinal Assets Management to handle all the structured finance products under the old Gold Coast Fund management.
Dr Nduom recently disclosed that his firm has paid over GH¢200 million of investors’ funds.
An Entrepreneur, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). In 2015, he won a £35,000 postgraduate scholarship to study MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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