Investment banker Mahama Iddrisu passes on

Investment banker Mahama Iddrisu passes on

Information reaching Citi Business News indicates that Investment Banker, Mahama Iddrisu has died.

He passed on Sunday (June 16, 2019).

Mr. Mahama Iddrisu was the former Managing Director of the Ecobank Development Corporation (EDC) Stock Brokerage Limited.

Mr. Iddrisu was an Investment Banker who contributed to various discussions on Citi Business News.

He had an MBA in Finance from the Central University College and was a member of the Institute of Chartered Accountants Ghana.

He was instrumental in growing EDC’s stock brokerage business, making it the preferred brokerage firm for both foreign and local investors on the Ghana Stock Exchange.

He headed the EDC team during the simultaneous listing of ETI on the GSE, NSE and the BRVM in 2006.

At EDC, Iddrisu led the selling team for several Initial Public Offers that includes, Ecobank Ghana (both IPO and Right Issue, HFC Series J Bond), the first three Government of Ghana Sovereign bond issue in 2007, 2013 and 2014.

This was at a time when EDC was the only Co-Sponsor to sell the Sovereign Bond in Africa.

Prior to joining EDC, he worked with Gold Coast Securities as the Head of Back Office in charge of processing of trades.

He also worked as head of brokerage at New World Securities between 2001 and 2003 and at NTHC as Deputy Manager, Capital Markets when PBC, CPC and Benso Oil Palm Plantation were listed on the Ghana Stock Exchange.

Iddrisu was a member of the Institute of Chartered Accountants, Ghana. He holds a Master of Business Finance degree from Central University College, Ghana and is a former Authorized Dealing Officer (ADO) of the Ghana Stock Exchange.

Mahama Iddrisu on deals in the capital market space

Mahama Iddrisu played a critical role in the Privatization of Ghana Telecom for Vodafone, the merger of ECOBANK Ghana and The Trust Bank, Private Placement for WAICA Re. in Gambia, Sierra Leone, Ghana, Nigeria and many countries across the West Africa Sub Region.

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