Board of Directors

CalBank’s Board of Directors (BoD) jointly oversee the activities of the bank and offers guidance in its operations. It has ultimate responsibility for the success of the Bank and for delivering sustainable shareholder value within a framework of prudent and effective risk and management controls.

 

Mr. Paarock VanPercy
Chairman

Mr. VanPercy has worked as an investment banker for close to twenty years. He is a chartered Accountant by training and is a Fellow of the Institute of Chartered Accountants in England & Wales. He is the Chairman of CalAssets Management Company Limited, and holds directorships on the Boards of Ghana Leasing Company Limited; the Liberian Bank for Development and Investment and AfriHoldings Limited, a Mauritius based company.

Mr. Frank Brako Adu
Managing Director

Mr. Frank Adu Jr. is an Investment Banker and the Managing Director of the bank. He was the Chairman of the Council of the Ghana Stock Exchange and the GSE Securities Depository Company. He is the chairman of Roman Ridge School. He is a member of the Board of Okyeman Environment Foundation and the University College of Agriculture and Environment. He is also Chairman of the Golden Beach Hotels Group (La Palm Beach Hotel, Elmina Beach Resort and Busua Beach Resort)

Mr. Philip Owiredu
Executive Director

Mr. Philip Owiredu is the Executive Director of CalBank Ltd. Prior to this, he was the Director of the bank’s Financial Control Department, which is responsible for all financial and management accounting support and compliance with legal and regulatory requirements. Mr. Owiredu joined the Bank in December 2004 from KPMG where he was Senior Manager after eight years. He is a fellow of the Association of Chartered Certified Accountants (UK). He is also a member of the Risk Management and Surveillance Committee, a sub-committee of the Council of the Ghana Stock Exchange.

Mr. Malcolmn Pryor
Member

Mr. Pryor has worked as an Investment Banker for thirty four years. He began his career as an Institutional Fixed Income Salesman with Goldman Sachs & Co. He was Chief Executive Officer of Pryor, Counts & Co, Inc for twenty four years. For the past four years he has been Chief Executive of a Private Equity Fund investing in the Southern Africa region (SAEDF). He has been a principal investor in Western and Central Africa since 1987 principally in the financial services sector; as a founding shareholder of CalBank, the African Export Import and Ghana Home Loans as well as a founding shareholder of the Merchant Bank of East Africa.

He has been a member of the New York Cocoa and Coffee Exchange and the Philadelphia Stock Exchange a market maker in equity options. He has served on the Board of Directors of both listed and unlisted Company’s in Retailing, Health care, Hospitality, Insurance and Engineering services. He was recently recognized as a leader in the area of Africa Investing by the Wharton School of the University of Pennsylvania.

Dr. Kobina Quansah
Member

Dr. Kobina Quansah, a banker by profession, is the Chairman of Vodafone Ghana as well as Core Nett. He is a director of Unique Insurance Limited and Pioneer Aluminum Kitchenware Limited. He is a member of the Advisory Council of Newmont Ghana Gold Limited as well as a member of the Executive Council of Finatrade Foundation.

Mrs. Helen Nankani
Non-Executive Director

Mrs. Nankani is a retired Senior Economist who worked with the World Bank for eighteen years. She was one of the pioneers of the World Bank’s work on Privatization of Public Enterprises, and Private Sector Development. She managed projects aimed at determining the economic and financial feasibility of private participation in the water sector principally in South Asia, the Caribbean and Brazil, where she lived for four years. Prior to joining the World Bank, she worked as a consultant with Arthur D. Little Inc., Cambridge, Massachusetts and The United Nations, New York, N.Y. She was also a partner at Financial Development Services, a consulting firm in Arlington, Virginia.

Ms. Rosalind Nana Emela Kainyah
Non-Executive Director
Ms. Rosalind Nana Emela Kainyah is a lawyer by profession and is Managing Director of Kina Advisory Limited (UK), advising companies on how best to contribute to socio-economic development in the countries in which they operate. Rosalind has extensive experience in Government relations, political risk management, social investment and corporate and environmental law, focusing on the mining and oil industries in Africa. She has held senior positions with Tullow Oil plc and De Beers and has advised governments on policy and legislative matters. She holds a BA (English) from the University of Ghana and an LLM from University College, University of London. She was called to the Bar of England and Wales (Gray’s Inn) in 1988 and is a member of the Chartered Institute of Arbitrators.
Mr. Kofi Osafo-Maafo
Non-Executive Director

Mr. Kofi Osafo-Maafo is the Deputy Director General, Investments & Development at Social Security & National Insurance Trust (SSNIT) of Ghana. He is a senior investment professional with 22 years’ experience in the UK investment management and investment banking Industry. Kofi has held senior positions at Pictet Asset Management, Unicredit Bank and HSBC Global Asset Management. He has experience across a wide range of sectors including Oil & Gas, Mining, Building & Construction and Agriculture and Chemicals, covering transactions across Europe, North America, and Global Emerging Markets including Africa. Kofi holds an MA (International Business & Finance) from University of Reading (UK) and a BSc (Economics) from Queen Mary’s College, University of London.

Nana Otuo Acheampong
Non-Executive Director

Nana Otuo Acheampong is a Banking consultant and the Executive head of the Osei Tutu II Centre for Executive Education & Research (OTCEER) in Ghana. Prior to this appointment, he headed the Faculty of Financial Reporting and Investment Banking at the Ghana National Banking College (GNBC) for 4 years – 2008 to 2012.

In 2008, he was appointed to head the Faculty of Financial Reporting & Investment Banking at the GNBC, where he headed various sub-committees. He has been the Chairman of the Award Planning Board of the Ghana Banking Awards (GBA) since 2012.

He holds an undergraduate degree in Accounting & Management Science from the University of Southampton, UK & a postgraduate diploma in Management as well as an Accounting degree from University of Northumbria, Newcastle, UK. He has been a member of the British Accounting Association since 1994 and is currently a member of the Chartered Institute of Bankers in Scotland.