UMB Capital was officially outdoored on Wednesday, 29th of June 2016 at the Head Office located at North Ridge. The event took the form of a cocktail and persons invited included all key stakeholders such as regulators, boards and management of affiliate companies, clients, staff and media.
Grace Amey-Obeng, Board Chair of UMB Capital welcomed the guests with an address and the key note speech was delivered by Mrs. Ellen Hagan.
The Board Chairman reiterated the fact that UMB Capital was incorporated to provide management and consultancy services to the now independent subsidiaries of UMB Bank. The purpose of this arrangement is to separate the operations of UMB Investment Holdings (UMB-IHL), UMB Stockbrokers (UMBSL), Merban Asset Recovery Trust (MART) now Strategic Debt Solutions and Merban Properties. She made it known that, the mantra at UMB Capital would be to continuously create and deliver superior value through the provision of innovative and diverse investment financial management solutions that exceed the expectations of all stakeholders.
The special guest of honour, Mrs. Ellen Hagan also made note of the fact that, the guiding principles that would dictate behaviours and actions at UMB Capital should include making the customer the focus and seeking to maintain an effective customer relations and service program.
The Vice President Marketing and Client Relations, who gave the vote of thanks, also stated that innovation would be a hallmark at UMB Capital and would surely be championed. She also said that, two core values of UMB Capital i.e. behaving responsibly and improving the quality of life in the communities we work and live in would be implemented to a fault. She said, UMB Capital would be socially responsible.
Logo was unveiled amidst fireworks and confetti display. A brief background about the affiliates of UMB Capital is that, UMB Investment Holdings Limited (UMBIHL) is licensed and regulated by Securities and Exchange Commission (SEC) under the Securities Industry Law (PNDC Law 333) as an Investment Advisor and the National Pensions Regulatory Authority (NPRA) as a Pension Fund Manager.
UMBIHL manages over 70 provident and pension funds and other specialised funds on behalf of various institutions, high-net worth and individual portfolios. UMB Stockbrokers Limited (UMBSL) on the other hand is a Licensed Dealing Member of the Ghana Stock Exchange (GSE) and was established in 1975. It has been a pioneer dealer on the GSE. UMBSL is licensed by the Securities Exchange Commission (SEC) as a Broker-Dealer.
Its core business deals with provision of brokerage services, equity research, issuing house services, sponsoring of stock exchange listings, equity portfolio management and share valuation. Over the years, the UMBSL has been a key player in the capital market in Ghana having sponsored the listings of the significant number of companies on the stock market. Notable amongst these are the IPOs of SIC, GOIL, and the mergers of SG-SSB and AngloGold Ashanti.
In addition the UMBSL has assisted most of the listed companies in undertaking corporate actions such as the rights issues and bonus issues, etc. Another affiliates company of UMB Capital is Merban Properties Limited. They provide brokerage, property management and valuation and advisory services in the properties space. Lastly, Strategic Debt Solutions Limited (SDSL) as part of its services is involved in the straight collection of non-performing loans on behalf of financial institutions and other blue chip companies. Another service line of SDSL is the Turnaround and Restructuring of distressed companies.