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Board Of Directors

Meet our board

Our Board of Directors sets the goals of the enterprise that drive every Vanguard employee. It helps us uphold our commitments to stakeholders.

Daniel Awuah Darko

Chairman

Harold Awuah-Darko

Board Member

Eric Otoo

Board Member

Richard Hardy

Board Member

Nana A. Appiah-Korang

Board Member

Kwame Asare Boakye

Board Member

Fredrick Adotey Saka

Chief Executive Officer

Daniel Awuah Darko

Chairman

He holds a Bachelor of Arts (B.A. Hons) degree in addition to an Associate Diploma of the Chartered Insurance Institute of London.

He had his insurance education at the Chartered Insurance Institute/London School of Insurance, after which he had an intensive field training programme in the London Market. Joining Vanguard Assurance in 1993, he has had the benefit of offshore training at Munich Re, Germany.

He possesses over 30 years of experience in the insurance industry, both overseas and locally. He currently serves on the Boards of several companies.

Board Of Directors

Board Member

He has a varied background in Management Information Systems and Actuarial Science. He started his work experience as an IT officer with a six-month stint at Vanguard Assurance in 1992. He advanced to establish his consulting firm, focusing on designing, developing, and implementing software solutions.

Upon returning to Vanguard, he assumed the role of Actuarial Services Manager and oversaw the company’s medical insurance program. In 2000, he was seconded to the Ghana HealthCare Company Limited, where he performed exceptionally well as Chief Actuarial and Management Information System Officer.

He has been reappointed following the completion of his initial contract term and now holds supervisory authority over in-house actuarial services and Vanguard’s Health Insurance scheme.

Eric Otoo

Board Member

Eric brings a wealth of experience in investment banking, consulting, commercial operations, and private equity, having worked with Goldman Sachs, Mckinsey & Co., Diageo and Duet, among others. His experience in finance was honed at Goldman Sachs & Co.’s New York City office in 2007, where his responsibilities included coordinating and managing origination, valuation, acquisition, and due diligence for investment transactions.

In 2006 and between 2010 and 2013, he worked as a strategy consultant at McKinsey’s New York City office, where he worked with senior Executives and Boards across different industries on various strategic, finance and operational issues. His work involved transformation programs at some of the major US banks and the broader financial services sector. He was recently a Director at Duet Private Equity, where he managed companies in the firm’s investment portfolio with additional duties, including finding new investment opportunities. Eric started his consulting career in 2001 as an actuary at Towers Watson before his career at Analysis Group and Treacy & Co., all in the USA.

He is currently the Managing Director of Ghana Amalgamated Trust (GAT) where he, implemented and led a program to recapitalize some indigenous banks and currently supports their business transformation to improve governance, management capabilities and performance to create value.

Eric holds a Master of Business Administration (MBA) from Harvard Business School with second-year honours as a Jack Kent Cooke Scholar. He received his certification as a Chartered Financial Analyst (CFA) in 2005 and as a Certified Management Accountant (CMA) and a Certified Financial Manager (CFM) in 2004. Eric attended Grinnell College in the US for his undergraduate studies, where he received majors in Economics and Computer Science with Phi Beta Kappa honors.

Eric serves on the Boards of Directors of other companies, including appsNmobile Solutions Limited and Tesah Capital Limited

Richard Hardy

Board Member

Mr. Hardy holds an MBA from the University of Cape Town’s Graduate School of Business and a BCom (Actuarial Science) from the University of Stellenbosch.

He started his career in actuarial consulting in the United Kingdom and South Africa.

He worked with Ethos, a leading pan-African private equity investor, as a Principal.

Richard currently serves as an Investment Director at Zurich headquartered BlueOrchard Finance.

Kwame Asare Boakye

Board Member

Kwame is a financial analyst with over 15 years of industry experience – 8 of which he spent within the life insurance sector, close to 2 years focused on microinsurance and the rest within the non-life sector.

Kwame’s outstanding analytical and problem-solving skills are invaluable when resolving operations, sales, and investment challenges within the insurance industry. In addition, his exceptional comprehension of information systems and his ability to manage multiple project/work streams have consistently resulted in enhanced organizational efficiency.

Kwame is a member of the National Insurance Commission’s Motor Insurance Database Committee. He has an Advanced Diploma Certificate in Insurance (ACII) and is a Chartered Insurance Institute (UK) member. He also holds an MBA in Finance from The University of Ghana and a BSc in Mathematics from The Kwame Nkrumah University of Science and Technology.

Fredrick Adotey Saka

Board Member

Frederick has over 15 years of industry experience spanning Technical Operations, Marketing and Strategy. He joined Vanguard Assurance in 2018 as the Chief Operations Officer and was appointed Chief Executive Officer a year later.

Prior to joining Vanguard Assurance, he worked for Saham Insurance Ghana Limited as the Chief Operations Officer, where he was responsible for steering the company’s Technical Operations.

Frederick is a Chartered Insurer and an Associate of the Chartered Insurance Institute, UK.  He also holds an MBA and BA in Economics and Law, both from the Kwame Nkrumah University of Science and Technology. In addition, Frederick holds a Group Diploma in Marketing awarded by the London Chamber of Commerce and Industry (LCCI)