The Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom has resigned from the Board of Gold Coast Brokerage Limited.
A statement from the Ghana Stock Exchange to Citi Business News confirmed the announcement.
Dr. Papa Kwesi Nduom is resigning from the Board together with Patrick Kobina Anumel.
They are being replaced by Dr. Olivia Anku-Tsede, Mr. Joseph Kusi-Tieku as well as Mr. Kwesi Abedu Wilson.
It is unclear what has led to the resignation of the two from the Board of Gold Coast Brokerage.
Meanwhile, the statement from the Ghana Stock Exchange has equally indicated the change of name of the company to Teak Tree Brokerage Limited.
Gold Coast Brokerage is a licensed brokerage firm offering stock brokerage, investment advisory & Treasury management services.
It is licensed by the Securities & Exchange Commission as a Broker-Dealer and registered as a Licensed Dealing Member of the Ghana Stock Exchange (GSE) as well as a Central Securities Depository participant.
Gold Coast Brokerage is a member of Groupe Nduom which is a family business group of Ghanaian and American Origin.
The company was incorporated on June 8, 2012 and started operations on July 1, 2012, to continue the tradition of service excellence from our mother company Gold Coast Securities.
This was as a result of a regulatory directive to separate the Fund Management license and the Broker-Dealer license.
Meanwhile, the name of the company has been changed effective Monday, September 9, 2019. Here is a news desk report on the announcement.