Pension operators elect new chairman

The Pension Fund Operators Association of Nigeria (PenOp) has elected Eguarekhide Longe, managing director, AIICO Pension Mangers Limited as its new chairman. He takes over from Misbahu Yola, managing director, Legacy Pensions Limited who has led the association for the past two years.

Longe alongside other members of the executive were elected at the Association’s Annual General Meeting held in Lagos.

Pension Fund Operators Association of Nigeria (PenOp) is an independent, non-governmental, non-political and non-profit making body established to promote the operations of the pension industry, provide for self-regulation and ensure that international best practices relating to the industry are observed by the operators registered in Nigeria.

The Association is made up of Pension Fund Administrators (PFA’s); Pension Fund Custodians (PFC’s) and Closed Pension Fund Administrators (CPFAs).

Longe has over 20 years’ experience working in the Capital Market, spanning Stock broking, Asset Management and Investment Banking.

He has hands-on and senior management experience in setting up processes, developing operations/systems, strategy and business and product development.

Prior to his appointment as Managing Director of AIICO Pension Managers Limited, Eguarekhide worked at Diamond Capital & Financial Markets Limited,  a subsidiary of Diamond Bank plc as the Head of Asset Management division. He was also for three years the MD/CEO of Kakawa Asset Management Limited from 2005-2008.

He has held senior management positions in leading Dealing member firms of the Nigerian Stock Exchange, and worked in Pension Management and Venture Capital environments at Shell Trustees Nigeria Limited (now Shell Closed Pension Fund Administrators) and First Funds Limited, respectively.

Eguarekhide holds a B.Sc. in Political Science “University of Ibadan, Nigeria (1986) and an MBA ” IESE Business School ” University of Navarra, Barcelona, Spain (2002). He is a Fellow of the Chartered Institute of Stockbrokers of Nigeria. He was appointed Managing Director/CEO of AIICO Pension Managers in November 2011.