The Chairman of UT Financial Services, Mr Joseph Nsonamoah has reminded the country's young business owners to eschew extravagance and to "grow" their money as well as respect their employees in order to secure their companies' growth. Mr Nsonamoah also cautioned people in business to be principled, avoid greed and concentrate on their core businesses, "if they want to achieve appreciable results". He said the open display of wealth among young business executives while their companies and employees suffered was a recipe for distress in the national economy, as poor fiscal management could collapse businesses and thereby create unemployment. The Chairman was sharing with The Mirror some of the values that had made UT Financial Services the number one company in Ghana, as well as the company's entry into the international market. The company, which is Ghana's most successful indigenous enterprise has opened a sister company, UT Logistics GmbH, in Humburg, Germany to offer various services to Ghanaians in that country. The services include business/social advise, document research/registration, land acquisition/registration, building supervision and travel assistance. Others are real estate development, warehousing, collateral management, freight-forwarding services, import/export assistance and investment opportunities. Plans are also underway to establish UT offices in Nigeria and the United Sates of America. The Chairman pointed out that the success of UT was the result of the company's strict financial discipline and added that business owners had a responsibility to sustain their firms in order to help keep the economy on a sound footing. He advised business men and women to learn the skill of investment, "so that they can put back some of their profits into their businesses to guarantee the health of their companies for the benefit of all". Commenting on the new image of UT, the Corporate Affairs and Public Relations Manager of the company, Sophia Lissah, said the change of name from Unique Trust Financial Services to UT Financial Services was driven by the need to evolve the company's identity to "reflect our international expansion and diversification of services". She said it was also to support the company's "aggressive growth strategy; represent the simple, efficient and effective manner in which we provide our services and products and also create a truly international brand that will live well in any international environment". Source: The Mirror