Board of Directors
Mr. Frank Oppong-Yeboah is the Board Chairman of StarLife. Prior to his appointment as Board Chairman, he was the Executive Vice Chairman of the Company.
He is a graduate of the University of Ghana, a Chartered Insurer and Fellow of the Chartered Insurance Institute (U.K.) He was the proud recipient of the prestigious Rutter Medal in 1999 for the best qualifying fellow of the Chartered Insurance Institute (UK). He has over twenty six (26) years’ experience in the insurance industry.
He has attended several insurance management seminars and courses, both locally and abroad including the 8th Advance course in Non- Life Insurance at SWISS Insurance Training Centre, Zurich, Switzerland and Willis Faber Marine Overseas Training Workshop, London.
He worked as a Senior Manager in the Motor Department of the State Insurance Company Ltd., having previously worked in that company’s Marine Department for several years.
Prior to joining StarLife in 2006, he worked at Star Assurance Co. Ltd from 2000 to 2006 as the Chief Manager (Technical Operations) and later became the General Manager in 2006. He is a visiting lecturer at the West African Insurance Institute in the Gambia.
He is also the Board Chairman of uniCredit Ghana Limited, a savings and loans company licensed by the Bank of Ghana.
Mrs. Boatemaa Kakra Duffuor-Nyarko is the Chief Executive Officer of StarLife Assurance Company Limited. She holds a BSc. (Hons) first class degree in Economics from University of Warwick (UK), a Postgraduate Diploma in Actuarial Science with distinction as well as an MSc. in Actuarial Management from the prestigious Cass Business School, City University (London, UK). She is a qualified Fellow of the Institute and Faculty of Actuaries in the United Kingdom.
Kakra is an Alumnus of the Ghana International School where she obtained both her ordinary and advanced level certificates, majoring in mathematics, chemistry and biology.
Until her appointment as Chief Executive Officer, she was the Executive Director and Chief Actuary of the Company. She had also worked several years with QED Actuaries and Consultants (Aon Hewitt) in South Africa, where she had the opportunity to provide actuarial consulting services for not only South African clients but also those from Zambia, Kenya, Malawi, Mozambique, Namibia, Mauritius and Ghana.
She has had wide exposure in her field including specialization in performing Valuations (Gross Premium and Net Premium), Premium Rating, Embedded Values, Appraisal Values, Analysis of Surplus and Projected Accounts. Therefore, she has the requisite experience in Actuarial Management.
Mrs. Duffuor-Nyarko has been working in the insurance industry for the over nine years and has worked in various departments such as marketing, customer service, underwriting, accounts and actuarial departments.
She has contributed immensely to new product design for diversified markets and customers. Boatemaa played a significant role in the design and development of the company’s recently launched 3 life solutions (Family Protection Plan, Child Lifeline Plus and CashBuilder Plus). StarLife’s group products (Employee Security Plan, Mortgage Protection Plan, Credit Life Schemes and Group Welfare Schemes) have also enjoyed competitive rating as a result of the high pedigree that the company’s Chief Actuary and Executive Director brings to the table.
She has attended several courses and business workshops internationally and locally.
Mr. Kofi Duffuor is the Chief Executive Officer of Star Assurance Co. Ltd, the second largest Insurance Company in Ghana. He had his insurance training in the United Kingdom and has been in the insurance industry for over twenty (20) years.
He is a highly motivated insurance Executive, who possesses immense insurance underwriting and claims skills with a proven track record of achievements in the field of insurance. He is very innovative and well oriented in insurance management, business development and marketing.
He has analytical, research and time management skills. He is adaptive and always ready to welcome new ideas and techniques for the performance of his duties.
He holds a Master of Business Administration degree in Entrepreneurial Management from the University of Ghana. He is a Chartered Insurer and Fellow of the Chartered Insurance Institute (FCII-UK). He is also a Fellow of the Insurance Institute of Ghana (FIIG).
He has attended several conferences and seminars at home and abroad in insurance management and financial management.
Prior to his appointment as Managing Director in 2001, he was the General Manager in charge of Finance and Administration. He is a board Member of the Ghana Insurers Association (GIA).
Mr. Kofi Duffuor is married to Dr (Mrs.) Ama Abrafi Duffuor and the marriage is blessed with four children.
Dr. Ben Foleson holds a doctorate in medicine from Bonn University and post-graduate diploma from Liverpool University School of Tropical Medicine. He is a Fellow of the West African College of Physicians.
His work experience spans over 40 years, having worked for the Ministry of Health, Ghana, and in private medical practice.
He worked at the Medical Department, Bank of Ghana, retiring in 2001 as Assistant Director and Head of Department.
He has acted as Consultants to many organizations including IPPF (International Planned Parenthood Federation), JHPIEGO (John Hopkins Programme for Education in Reproductive Health) and World Bank HIV/AIDS Education Programme for Financial Institution.
From 1996 to 2001, he was a member of the Board of Directors of National Insurance Commission.
He was a member of the Technical Review Committee of the erstwhile Nationwide Mutual Health Insurance Scheme (Vanguard Assurance).
He was a Health Insurance Consultant to Metropolitan Insurance Company in 2002 – 2003.
As Senior Health Consultant with Tri-Star Actuarial and Management Consultants Ghana Ltd, he is since 2005 Supervising Health Consultant to Gemini Health Care.
He is currently a member of Board of Directors, Universal Hospitals Group Limited, and StarLife Assurance Company Limited.
He has authored many publications, papers and reports including:
- Diagnostic and Therapeutic guidelines for Medical Practitioners, National Health Insurance Scheme, 1998.
- Diagnostic and Therapeutic guidelines for Medical Assistants, National Health Insurance Scheme, 1998.
- Procedure Manual for Medical Practitioner Providers in the National Health Insurance Scheme, 1997
25 years of experience in Information Technology related to the Banking and Finance Sector, 15 of which have been in very senior I.T. positions in the Banking industry, Felix’s experience covers leadership roles in the implementation of banking systems, formulation and implementation of comprehensive Information Technology strategies, implementation of E-Commerce solutions, the Design and Implementation of Wide Area Data Communication infrastructure, and the planning and roll out of comprehensive I.T. Data Centers to mention a few.
This has entailed the use of Project Management skills, Systems Development and Implementation skills, Team Management skills, Leadership skills and Technical skills.
Additionally, Felix has deep understanding of the business of finance and banking and has successfully conceptualized and utilized his creative marketing and presentation skills to ensure the successful penetration of the market with the relevant technology based solutions.
Felix’s unique capability is his deep understanding and appreciation of both business and technical issues and how to effectively utilize the appropriate technology to achieve business objectives. In that respect, he has successfully pioneered the setting up of an eBanking (Electronic Banking) department for Ecobank Ghana, leading to the successful signing on of major accounts including British High Commission, Newmont, AGC, Nestle, and SSNIT (culminating in Ecobank Ghana managing the payments of government pensions nationwide in Ghana)
Felix’s unique and exceptional combination of capabilities culminated in Ecobank Ghana winning the coveted Corporate Initiative Ghana award for I.T infrastructure for 3 consecutive years, making him a much sought after industry icon in the I.T. landscape in Ghana.
He is a member of the Board of StarLife Assurance Company Limited.
Tutu Kwachie is an achievement-oriented Investment Banking Professional with hands-on experience in business support, corporate valuation, and financial statement analysis across various industries. Mr. Kwachie currently serves as the Head, Structured Finance of uniSecurities. Prior to this role, Mr. Kwachie worked as a Senior Investment Manager with GroFin Africa where he managed portfolio companies, proposed portfolio restructuring, capital increase, equity sales, leverage buyouts, and many more. Mr. Kwachie also worked on consulting basis for Glico Financial Services when he assisted the firm to design and implement its investments and corporate finance policies.
Mr. Kwachie also deepened his wealth of experience as a Regional Director with Madison Street Capital LLC, a Chicago based investment banking firm. Past to this position, he held the post of a Senior Associate (Team Leader) at the same firm, with a primary focus in the analytical services arm. Mr. Kwachie worked from the firm’s satellite office based in Accra, Ghana and acted as Country Manager for the firm’s transactions in Ghana. Preceding Madison Street Capital, Mr. Kwachie worked as the Head, Analytical Services of Houlihan Capital LLC, a Chicago based specialized investment banking firm. At Houlihan Capital, he performed various roles spanning from corporate valuation advisory, ESOP advisory, capital raise, auction rate securities, debt restructuring, merger and acquisition, LBOs advisory, to complex industry risk assessments. He also interacted with c-level and middle management on issues pertaining to the strategic direction of their companies with respect to profitability, cost savings, and corporate restructuring. Mr. Kwachie worked closely on fairness and solvency opinions, as well as serving on the firm’s Auction Rate Securities Advisory Team, where he was responsible for providing structured finance advisory to public companies for financial reporting purposes.
Mr. Kwachie ended his stint with traditional banking at Bank of Africa, Ghana, as a Unit Head in Corporate Banking. He provided financial services in credit structuring, debt financing, bank guarantees, trade finance, and investment advisory. Previously, he worked for Ghana International Airlines as a Cluster Revenue Analyst, obtaining considerable experience in revenue/yield management. Mr. Kwachie has also worked on extensive investment banking-related projects in the U.S, Canada, and United Kingdom.
Mr. Kwachie holds a BA (Honors) Degree in Economics with Statistics from the University of Ghana, and a Postgraduate Diploma in Management Science and E-Commerce from London School of Commerce. Mr. Kwachie is also an MBA graduate from Charles Sturt University in Australia, with specialization in Finance. Mr. Kwachie is currently a member of the International Research Association and a Licensed International Financial Analyst Charter holder. He is also a member of the International Association of Consultants, Valuators, and Analysts. Mr. Kwachie also brings to bare an extensive knowledge of various wall street training and ethics to his work in different projects.