PenCom confirms Idu Okwuosa as MD/CEO of Access Pension Fund Custodian Ltd

Regulator of Nigeria’s pension industry, the National Pension Commission (PenCom) has approved the appointment of Mrs. Idu Okwuosa as the Managing Director and Chief Executive Officer of Access Pension Fund Custodian Limited (APFCL).

APFCL is the custody subsidiary of foremost lender, Access Bank Plc, Nigeria’s largest retail bank.

Okwuosa’s confirmation was contained in a publication by the regulator, entitled: ‘Approval for Appointment to Board and Top Management Positions.’

Her appointment was approved on June 3, 2020, the same month that she joined the organization.

Mrs. Okwuosa is a seasoned professional with cognate experience spanning Funds Management, Compliance and Risk Management, Sales, Client Relationship Management and Customer Services in the Banking/Financial Institutions and Oil and Gas.

As the Head of Public Sector Group (PSG) in Stanbic IBTC Bank, she was focused on the acquisition and retention plans for public sector across all 3 spheres of government (Federal/State/Local), Education, International and Religious organizations.

She was the Chief Compliance Officer of Stanbic IBTC Pensions Limited, as provided by the Pension Reform Act (PRA 2004) and was responsible for ensuring that operations of the company were carried out in compliance with the provisions of the PRA, circulars and guidelines issued by the National Pension Commission and any other rules, laws or guidelines that may impact or govern the operations of the business directly or indirectly.

As the Chief Executive Officer at Oceanic Pension Fund Custodian, she was fully responsible for driving the day to day operations of the business. All Business Operations, Reporting to Client and Regulators, Information Technology and Relationship Management were her key responsibilities. She was the Head of Operations in Diamond Pension Fund Custodian Limited prior to joining Oceanic Pension Fund Custodian.

In the US, she played diverse roles as Portfolio/Risk Administrator, Corporate Actions Specialist, Fund Management and Compliance Manager at State Street Corporation and Brown Brothers Harriman, Boston, MA before relocating to Nigeria in 2006. She provided effectual support to senior officers in preparation and dissemination of management and external reporting on asset securitization programs and loan portfolios managed and owned by the banks.

Okwuosa is a highly motivated person with strong interpersonal, communication and leadership skills. She has a talent for motivating team members, proactively identifying and resolving problems, controlling costs, reducing turnover, maximizing efficiency and profit, and adding value. A social entrepreneur dedicated to saving and giving plastics a second chance, while providing a sustainable solution to environmental pollution through recycling.

She is a 1991 graduate of Philosophy from University of Port Harcourt, and a holder of Master of Business Administration (MBA) from Suffolk University, Boston, Massachusetts USA (2004).