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The Board of Directors of the Databank Group announces the retirement of Ken Ofori‐Atta as the Executive Chairman of the company effective today February 14, 2012. Keli Gadzekpo, Co‐ founder and formerly Executive Vice‐Chairman of the Group, has consequently been named the Chief Executive Officer. Ken remains the non‐executive Chairman of the Group. Commenting on the announcement, Ken Ofori‐Atta said, �It has been an extraordinary privilege to build and lead Databank through its first 22 years with Keli Gadzekpo�s help and guidance every step of the way, so it is very gratifying to be able to hand over the reins to him for the next leg of the journey. I am looking forward to taking a backseat and contributing in a different way in my new role as Chairman and ambassador at large as we continue to drive the business forward.� The new CEO Keli Gadzekpo, has been responsible for the overall financial and administrative management of the company since it was founded. He will retain his roles as Chairman of Enterprise Insurance Company Limited and the Databank Foundation. He is also a Member of the Nature Conservation Research Centre (NCRC); a Mason Fellow from the Harvard Kennedy School of Government where he obtained a Masters in Public Administration and a member of the Index Advisory Council of the Mo Ibrahim Foundation ‐ an African initiative that has been established to stimulate debates on good governance across sub‐Saharan Africa and the world. �We will miss Ken Ofori‐Atta�s extraordinary leadership, his engendering spirit and passionate pursuit of excellence,� says Steve Cashin, the Chairman of Databank Brokerage Limited and Founder/CEO of Pan African Group, USA (a major shareholder in Databank since 2001) �We are, however, excited at the opportunity to work with Keli Gadzekpo in this new capacity. Keli is a visionary who has always exhibited great passion for the very essence of the Databank vision � financial independence for all.� Databank is one of the first investment banks to emerge from West Africa, and is currently Ghana�s leading investment banking firm. The firm provides corporate finance advisory, stock brokerage, fund management, private equity and research services to a global client base. Over the past 20 years Databank has been instrumental in the development of Ghanaian capital markets and has built a strong reputation for its pioneering work, including the creation of Ghana�s first stock market index. Databank was the first to introduce foreign investors to the Ghanaian stock market, the first to successfully arrange a merger on the Ghana Stock Exchange, and also launched the first licensed equity mutual fund in Ghana (EPACK). As a result of its leadership, commitment to excellence and its social responsibility obligations, Databank has a remarkable relationship with corporates, civil society groups, NGOs and educational institutions. Databank currently consists of Databank Brokerage Ltd, Databank Asset Management Services Ltd, Databank Financial Services Ltd, Databank Private Equity Ltd, Databank Research, and Databank Securities Ltd in The Gambia. The firm is headquartered in Accra, Ghana.