Edition:
United States

SIC Insurance Company Limited (SIC.GH)

SIC.GH on Ghana Stock Exchange

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16 May 2019
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Summary

Name Age Since Current Position

Jimmy Heymann

2017 Non-Executive Chairman

Stephen Oduro

2017 Managing Director, Executive Director

Richard Adu-Poku

2018 Deputy Managing Director - Finance & Admin

Bernard Ameah

54 2016 General Manager, Finance & Admin

Faris Attrickie

General Manager, Technical Operations

Kenneth Acolatse

Head, Accounts

George Annam

Head, Information Systems

Frank Boateng

Head, Risk

Lydia Hlomador

Head, Legal/Company Secretary

Benedicta Anokye

Head, Sales and Marketing

Patience Opoku

Head, Human Resource

Joseph Adjei-Frimpong

Head, Audit & Inspection

Richard Afaglo

Area Manager, Accra / Head, Technical Operations

George Amoako-Nimako

2002 Head, Estates & Mortgages

Joseph Boakye-Asante

Special Assistant to the Managing Director

Yaw Mantey

Head, Corporate Affairs

Michael Addo

2017 Non-Executive Director

James Appietu-Ankrah

2017 Non-Executive Director

Pamela Djamson-Tettey

2017 Non-Executive Director

Daniel Ofori

2014 Non-Executive Director

Kwabena Osei-Bonsu

Non-Executive Director

Nicolas Oteng

Non-Executive Director

Christian Sottie

Non-Executive Director

Biographies

Name Description

Jimmy Heymann

Dr. Jimmy Benjamin (Ben) Heymann has served as Non-Executive Chairman of SIC Insurance Company Limited. since September 11, 2017. Ben is a Medical Doctor by profession and has worked with a number of hospitals in various capacities from house officer to Consulting Doctor. He also served the country in South Africa as the High Commissioner from 2006-2009. Dr. Heymann serves on the Boards of Cenpower Generation Company Limited, Governing Board of Aggrey Memorial A.M.E Zion Secondary School, Corricreche and Crimson School in Akosombo, Playsoccer Ghana-FIFA Sponsored Program in Ghana, Cape Coast Mysterious Dwarfs Football Club and the Governing Board of A.M.E Zion Church-Ghana. He is a product of the University of Ghana Medical School, Alliance Francaise d’Accra of Alliance College and Adisadel College. He is a good communicator, a Marriage Counselor, conflict resolution and career guidance expert and speaks fluent French.

Stephen Oduro

Mr. Stephen Oduro has served as Managing Director, Executive Director of SIC Insurance Company Limited. since September 11, 2017. Stephen has over thirty (30) years of progressive experience in leading financial application systems development projects, designing, installing, and implementing for banking, insurance, brokerage and healthcare industries. Mr. Oduro has proven skills in analysis, research, communication, designing of quality assurance strategies, and negotiation. He is detailed and result-oriented with the ability to handle multiple projects simultaneously. Prior to this appointment he was an Associate/Senior Change Management Specialist with Brown Brothers Harriman Inc., Jersey City responsible for implementing Change Management tools for the Quality Management department. He was also a Partner/Senior Consultant with Afrisys /Constech Consulting Services, Accra, Ghana where he offered Consulting services for the government of Ghana to manage the Y2K conversion. Mr. Oduro also served as an Associate Manager at Prudential Insurance Company, Roseland, New Jersey where he was responsible for designing and developing the front-end processing for several application areas. He is a product of the Rutgers University - Graduate School of Management, Newark, New Jersey with an MBA in Computer and Information Systems with Financial Application bias and the Bernard M. Baruch College, City University of New York, New York City with a B.B.A., Computer Systems.

Richard Adu-Poku

Mr. Richard Adu-Poku has served as Deputy Managing Director - Finance & Admin of SIC Insurance Company Limited. since January 2018. He brings on board his rich experience as a Management Consultant and Accountant. He holds a Bachelor of Arts degree in Accounting from Claremont McKenna College. He has a Master’s Degree in Business Administration (MBA) in Finance, from the School of Management of Yale University in New Haven, Connecticut, USA. He is a Certified Public Accountant (CPA) and also a Certified Valuation Analyst (CVA) by profession. Richard is a Management Consultant with over twenty (20) years’ experience. He has undertaken various complex business-restructuring assignments, including those commissioned by the World Bank, European Union and other major international donor agencies, with distinction. Richard was the Treasurer for Mobil Oil Ghana Limited for six (6) years having worked as a Financial Analyst with Mobil Oil Corporation in Virginia, USA. He has performed several valuation and pricing exercises of the unlisted equities of Social Security and National Insurance Trust (SSNIT) and the State Insurance Corporation (SIC) as well as several other international valuation assignments. He is currently the Governor of International Association of Consultants, Valuers and Analyst; the Chairman of the Board of Directors of Ecobank Development Corporation (iFund); Chairman of the Board of Directors of Aryton Drugs Limited; and a member of the Board of Fidelity Capital Fund With his phenomenal accomplishments.

Bernard Ameah

Mr. Bernard Kofi Ameah has served as General Manager, Finance & Admin of SIC Insurance Company Limited. since April 1, 2016. Bernard is a Chartered Accountant with twenty-nine (29) years of extensive, varied and progressive experience in Auditing, Accounting, Finance, Human Resource Management, Operations and General Management. Until his appointment, he held the position of Chief Finance Officer with Aluworks Limited Ghana. He has previously also worked in varying financial positions with Panell Kerr Forster, Sethantsho and Associates (Botswana) and Cash Bazaar Holdings (Pty) Ltd. (Botswana). Mr. Ameah is a member of the Institute of Chartered Accountants (Ghana) and a fellow of the Botswana Institute of Chartered Accountants (Bots). He also holds an MBA from the Management College of Southern Africa (MANCOSA) University of Durban, South Africa.

Faris Attrickie

Mr. Faris Elias Attrickie serves as General Manager, Technical Operations of SIC Insurance Company Limited. Having been in Insurance practice for 20 years, he has acquired enormous experience in various aspects of Insurance, particularly in the area of risk assessments, policy drafting and policy analysis, including oil and gas Insurance. He is largely versatile and adaptable to the changing dynamics of business practice and takes pragmatic view of policy issues. Prior to joining SIC Insurance in 2011, Mr. Attrickie has held senior management positions with a number of Insurance Companies in Ghana. He holds a BSc (Admin-Insurance) and a Masters in Public Administration from the University of Ghana Business School. He also holds a Diploma in Risk Management and Insurance from the West African Insurance Institute, and is an Associate of the Chartered Insurance Institute of the United Kingdom.

Kenneth Acolatse

George Annam

Frank Boateng

Lydia Hlomador

Mrs. Lydia Hlomador serves as Head, Legal/Company Secretary of SIC Insurance Company Limited. since November 14, 2013. Lydia is a Lawyer with over 12 years of experience at the Bar spanning secretarial, litigation and legal advisory services. She previously worked with Ghana Trade Fair Authority as a Translator in 1994 and 1998 and provided secretarial support services to the Ghana Bar Association in 1999. She also worked as a Legal Assistant with Unilever Ghana limited and with the Law Reform Commission as a Legal Officer. She entered ligation starting with a short stint with G.A. Sarpong and then continued with Hesse & Larsey. With the experiences gathered, she went into private practice in 2005, and managed a law firm, Excel Legal Consultancy, which provided legal services to both national and expatriate clients. She joined SIC Insurance Company Ltd in 2008. She is a Senior Manager in the Legal Affairs Department. She graduated from the University of Ghana in 1998 with a combined Bachelors degree in Law and French. She qualified as a Lawyer on graduating from the Ghana School of Law in 2000.

Benedicta Anokye

Patience Opoku

Mrs. Patience Opoku serves as Head, Human Resource of SIC Insurance Company Limited. Patience has a Masters degree in Human Resource Management, and a Bachelors degree in French and History. Before joining the Company, she was Human Resource Manager at SDV GH Ltd/Scanship GH. Ltd Tema for 10 years. She also served as Personnel Officer at Ghana Agro Food Co Ltd, Tema, and Administrator/Board Secretary for JL Morrison Son & Jones GH. Ltd, as well as Assistant Director II at the Ministry of Manpower Development and Social Welfare.

Joseph Adjei-Frimpong

Richard Afaglo

George Amoako-Nimako

Rev. George Amoako-Nimako has served as Head, Estates & Mortgages of SIC Insurance Company Limited. since 2002. George is a Valuation and Estates Surveyor. He is a Commonwealth Scholar holding an Master of Science in Urban Land Appraisal from the University of Reading, UK; Master of Business Administration degree in Finance from the University of Ghana and a Bachelor of Science degree (Honors) in Land Economy from Kwame Nkrumah University of Science and Technology (KNUST). He is a Fellow of the Ghana Institution of Surveyors (GhIS) and has a Certificate in Project Planning & Management from GIMPA. He joined SIC in 1989 after a three year working stint with the Lands Commission and as a Part-Time Lecturer at the KNUST.

Joseph Boakye-Asante

Yaw Mantey

Nana Yaw Mantey serves as Head, Corporate Affairs of SIC Insurance Company Limited. He has a Masters degree in Marketing, a Post Graduate Diploma in Public Relations, Advertising and Marketing and Bachelors degree in Linguistics and Philosophy. He joined the Company in March 2011. Before then he was the Head of Corporate Affairs at Merchant Bank Ghana Limited for six years. Other Positions he has held include Key Accounts/Consumer Marketing Manager at Coca-Cola Bottling Company of Ghana and Client Service Director, Media lynx Advertising Limited.

Michael Addo

Mr. Michael Addotey Addo has served as Non-Executive Director of SIC Insurance Company Limited. since September 11, 2017. Michael is a Financial Consultant and a Risk Management expert with extensive International experience. He is the Executive Director of Emex Oil Ndawta Limited Accra, Ghana & Abuja, Nigeria, directing and managing the implementation of the strategic and operational objectives of the Company. He was the Chief Operating Officer & Fund Manager of Databank Agrifund Manager Limited (DAFML) Accra, the Executive Chairman of Crosswinds Limited Accra, Ghana a Consulting and Financial Services firm. Mr. Addo was also the General Manager – Investments & Development Division of the Social Security & National Insurance Trust and the Deputy Managing Director of NTHC Limited. On the International front, Mr. Addo served in various senior and management capacities with Western & Southern Financial Group in Cincinnati, Standard & Poor’s New York City, Reliance Insurance Company in Glastonbury and the Liberty Mutual Group Glastonbury, CT and Lexington. Mr. Addo has extensive experience serving on Boards including; Starwin Products Limited, First Atlantic Merchant Bank, Ghana International Bank, London – UK, Prudential Bank Limited, Ghana Industrial & Commercial Estates Limited (GICEL) and served as an advisory Board Member to the Institutional Investor’s 2012 Africa Sovereign Wealth Fund Roundtable for Cape Town, South Africa. He is a product of the Johnson Graduate School of Management of Cornell University with an MBA in Finance, University of Hartford, CT - Barney School of Business with an M.S. in Insurance, and the Bates College, Lewiston with a BA in Economics.

James Appietu-Ankrah

Mr. James Appietu-Ankrah has served as Non-Executive Director of SIC Insurance Company Limited. since September 11, 2017. James has an extensive background and experience in Insurance and Risk Management. He is an Executive Director of Dezag Insurance Brokers and was the Member of Parliament for Lower West Akim Constituency from 2005-2008. Mr. Appietu-Ankrah served in various capacities at SIC Insurance from Branch Manager, Head of Marketing, Head of Reinsurance and Area Manager for the Northern Sector over a 30 year period with the company. He also served as the Chairman, Finance and Administration Sub-Committee of the West Akim District Assembly. He is a product of the University of Cape Coast with an MA in Democracy, Governance, Law and Development, Cambridge College, Jersey, UK with a Diploma in Sales and Marketing, the West Africa Insurance Institute, Monrovia, Liberia with a Diploma in Insurance and Risk Management, Chartered Insurance Institute, UK with a Certificate in Insurance and the Adisadel College.

Pamela Djamson-Tettey

Mrs. Pamela Djamson-Tettey has served as Non-Executive Director of SIC Insurance Company Limited. since September 11, 2017. Pamela is an experienced and self-motivated Corporate Executive with over 25 years acquired knowledge in employment. Mrs. Pamela Djamson-Tettey has an excellent academic and professional qualifications with extensive International exposure spanning well over 18 years of proven track record in Senior Management including 9 years’ experience in the mining industry, 9 years in the manufacturing sector and 2 years in the Power sector. Her previous employment engagements includes; Millennium Development Authority (MiDA) - Director Communication & Outreach for Compact 2, Africapractice Ghana - Country Director, Pioneer Food Cannery - Public Affairs and Media Consultant, Gold Fields Ghana - Head Corporate Affairs, Guinness Ghana Breweries Limited ( GGBL) - Executive Director and Director Corporate Relations, Ashanti Goldfields Company Ltd - Senior Investor Relations & Public Affairs Officer among others. Mrs. Djamson-Tettey is an accredited member of The Institute of Public Relations, Ghana, and a Director at the Alvitrak Medical Supplies Ltd. She is a product of the University of Kent at Canterbury, UK with an MA in International Relations/Postgraduate Diploma in Politics and Diplomacy and the United States International University Bushey, Herts UK and San Diego, California, USA – Cum Laude 1982-1985.

Daniel Ofori

Mr. Daniel Ofori has served as Non-Executive Director of SIC Insurance Company Limited. since July 2014. He has over 35 years of experience in business Management. He is currently the Managing Director of the WHITE CHAPEL LIMITED, a multipurpose retail outlet in Accra. In 1999, Mr. Ofori started a new company known as ADVANCE VENTURES DEVELOPMENT LIMITED, a Real Estate Development venture. Currently, he is the largest single shareholder in stockholding portfolios in Ghana. He has duly become an expert and a consultant in that field where he has traded for the past 14 years. He is a Fellow of the Chartered Institute of Administration and Management of Ghana, and a life Patron of that Body. He has extensive training from the Ghana Institute of Languages, the Ghana Stock Exchange, Ghana Export Marketing Council and the Association of Certified Entrepreneurship.

Kwabena Osei-Bonsu

Mr. Kwabena Gyima Osei-Bonsu serves as Non-Executive Director of SIC Insurance Company Limited. Mr. Kwabena Gyima Osei-Bonsu is the CEO of Service Construct Ltd., a Construction, Real Estate and ATM maintenance service provider. He was the CEO of Switchgate International Ltd., an electronic funds transfer switching platform from 2005–2010 and the General Manager, Elimina Beach Resort from 2004-2005 and also Sales Manager of La Palm Royal Beach Hotel from 1999-2004, all under the Golden Beach Hotels umbrella. He is the CEO of MX Corp and also the CEO of MX AMBA. He is currently an Executive Director of Cypress Energy. He is a product of Achimota Secondary School, Presbyterian Boys Senior Secondary School, Legon, the Kwame Nkrumah University of Science and Technology, Ghana where he majored in Law and the Cornell University, Ithaca, New York, USA.

Nicolas Oteng

Mr. Nicolas Kwame Oteng serves as Non-Executive Director of SIC Insurance Company Limited. Mr. Nicolas Kwame Oteng is an Agric Economist and a retired seasoned Banker with over 35 years experience working in various capacities with the ADB Bank, rising from a Senior Project Officer to become the Ag. General Manager, Loans & Advances. He was appointed the Executive Secretary of the Poultry Development Board, established under the Ministry of Agriculture with a mandate to advise the Minister for Agriculture on pertinent issues affecting the Poultry Industry. Mr. Oteng is a former Board Chairman of Adon Energy Limited, a licensed independent power producer. He has certification in Agric-Business Management from Brazil, Small Farmer Credit Assessment and Management from USAID in Washington DC, Agricultural and Industrial Credit programming from India and Credit Assessment and Project Management from the American University Washington, DC. He is a product of Opoku Ware Secondary School, Kwame Nkrumah University of Science and Technology with a B.Sc Honors in Agricultural Economics and the University of Ghana with a Masters in Agricultural Economics.

Christian Sottie

Mr. Christian Tetteh Sottie serves as Non-Executive Director of SIC Insurance Company Limited. Mr. Christian Tetteh Sottie is a Financial and Management Consultant, as well as a Business Development and Business Process Improvement Specialist. He is a Public Financial Management Specialist and served as the Controller and Accountant General of the Republic of Ghana from 2005-2009. He is a practicing Chartered Accountant, an adviser and an Indirect Tax Specialist. Mr. Sottie is the Technical Advisor to the Commissioner-General of the Ghana Revenue Authority. Currently a consultant and local representative of the Pacific institute, a consulting firm based in Seattle, Washington, USA. He has also served as Non-Executive Director of many companies in Ghana and abroad. He has also served on several Boards and is the immediate past president of the Institute of Chartered Accountants, Ghana, and the Association of Accountancy Bodies of West Africa (ABWA). He served as a Board member of the Pan Africa Federation of Accountants. He was member of the Denominational Board of Ghana Baptist Convention, the honorary treasure and a member of the Executive Committee of the Christian Council of Ghana. The chairman of the body of deacons of the Calvary Baptist Church, Adenta. Mr. Christian Tetteh Sottie is a product of the Osu Presbyterian Boys Senior Secondary School, the Accra Polytechnic of Technical University and the International Institute of Tax Administration, Los Angeles, Ca, USA.