# SIC-FSL

SIC-FSL is a Private Equity based in Accra, Ghana.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Accra, Ghana
- **Region:** Africa
- **Address:** Accra, Ghana
- **Founded:** 2005
- **Assets under management:** Undisclosed
- **Website:** www.sic-fsl.com
- **LinkedIn:** https://www.linkedin.com/company/sic-financial-services-ltd

## Regulatory record

- **Reports private funds:** No

## About

SIC-FSL is a leading investment firm that offers a wide range of financial solutions to a diverse clientele, including high-net-worth individuals, small and medium-sized companies, large corporate institutions, and government institutions. It specializes in portfolio and pension management, corporate finance, and advisory services. SIC-FSL is a primary capital markets firm with a national investment banking franchise, strong securities distribution capabilities, institutional sales and trading, research, and active asset management and private wealth businesses. Founded in June 2005, it is a subsidiary of SIC Insurance Company Limited and is licensed as an investment advisor and broker-dealer by the SEC and is a member of the Ghana Stock Exchange.

## Sectors

- Financial Services
- Private Equity

## People

- DR. SA-AD IDDRISU — Ph.D., Managing Director
- James Amo-Aboagye — Head-Internal Audit & Compliance

## Questions

### Who controls SIC-FSL's investment decisions?

Investment authority rests with SIC-FSL's board and investment committee, which draws senior leaders from its parent, SIC Insurance Company Limited. Because SIC Insurance is Ghana's largest state-controlled composite insurer, ultimate governance flows through its board and, indirectly, the Government of Ghana. The exact composition of the investment committee is not publicly disclosed.

### How is SIC-FSL structured relative to its parent, SIC Insurance?

SIC-FSL operates as a standalone subsidiary of SIC Insurance Company Limited, holding a separate investment management license from Ghana's Securities and Exchange Commission. Its private equity and corporate finance activities are legally partitioned from the parent's underwriting balance sheet, though capital commitments come primarily from SIC Insurance's policyholder surplus. This structure allows dedicated portfolio management while the parent remains the anchor LP.

### Which sectors does SIC-FSL typically invest in?

Public records and regional press coverage indicate that SIC-FSL concentrates on financial services, fast-moving consumer goods, light manufacturing, and occasionally real estate-backed projects. The firm has historically participated in Ghana's privatisation programmes and corporate restructuring mandates, often targeting companies with existing government or institutional ties. No explicit sector-exclusion list is published.

### Does SIC-FSL raise third-party capital or invest solely off its own balance sheet?

SIC-FSL's primary funding source is the balance sheet of SIC Insurance, but the firm can and does manage segregated mandates for Ghanaian pension funds and institutional investors. It markets its private equity and fund-of-funds capabilities to domestic pensions under Ghana's tier-2 and tier-3 regulatory frameworks. The blend of proprietary and third-party capital is not publicly broken out.

## Related profiles

- [Sica Ventures](https://altss.com/profile/sica-ventures)
- [Sichuan Changhong Electric](https://altss.com/profile/sichuan-changhong-electric)

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Last updated: 2026-08-11T15:08:04.536Z

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