Who we are

ARM Pension Managers (PFA) Ltd is one of the first seven Pension Fund Administrators (PFA) granted license by the National Pension Commission in December 2005. It is part of the Asset & Resource Management Company Limited (ARM) Group, one of Nigeria’s most prominent and respected financial service brands. We have pre-eminent reputation in Investment Management, Research and Pension Fund Management.

Vision Statement

“To be the fastest growing, most efficient and customer-friendly PFA in Nigeria, consistently delivering value to our customers”

Mission statement

“To provide a better future for our customers by offering superior service and value, and upholding high standards of professionalism”

Core Values

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Ambition

We are driven by a vision of the future – How things could be. It inspires us, and keeps us focused on what really counts – working together to transform goals into reality.

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Proximity

Our success rests on two inter-dependent factors – proximity to our clients and the marketplace – and close understanding of their needs, aspirations and the challenges of fulfilling both.

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Impact

Our value is measured by the degree to which we bring about positive change. Making a material difference to those who believe in us – our clients, our shareholders, our business partners, our staff.

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 Truth

Honesty, trust and integrity are at the heart of everything we say and do. We keep our promises. difference to those who believe in us – our clients, our shareholders, our

Profile

ARM Pensions is a subsidiary of Asset & Resource Management Company Ltd (ARM) – a leading, reputable investment management firm with a very successful track record of protecting and growing investments for private investors and institutions for over two decades.

At ARM Pensions, we appreciate the desire of every employee to maintain a comfortable standard of living after their active working life. Therefore, we have built our core tenets around the preservation of, and superior returns on, pension assets and investments, as well as prompt and efficient benefit administration. This also reflects our overall investment philosophy, which is aimed at delivering consistent long-term growth through value investing and rigorous risk management.

ARM Pension has an authorized and fully paid up share capital of N 1.2 Billion, which far exceeds the N1 Billion minimum share capital for Pension Fund Administrators stipulated by the National Pension Commission.

Our shareholders include

Founded in 1994, Asset & Resource Management Company (ARM) Ltd is a fast-growing, leading Nigerian diversified financial services firm with primary interest in traditional asset management, and specialised funds across major sectors. ARM is Nigeria’s largest and most reputable non-bank financial services provider.

African Reinsurance Corporation, a Pan-African reinsurance company owned by the African Development Bank (ADB), International Finance Corporation (IFC) and a number of insurance and re-insurance companies across the African continent.

ARM Pension Managers Staff Investment Trust – An investment trust constituted for the benefit of staff to ensure that we attract and retain some of the best talents in the industry..

Helios Investment Partners – an Africa-focused private investment firm. Helios operates a family of funds and their related co-investment entities. Limited partners in Helios’ funds include several leading global investment funds, corporate entities, family offices, high net-worth individuals and development finance institutions.

By virtue of our business combination with First Alliance Pension & Benefit Limited, we also have individual shareholders made up of Nigerians with proven track record in their various business areas

The Board

Emmanuel Ikazoboh - Chairman

Mr. Emmanuel Ikazoboh was appointed Chairman of ARM Pension Managers in May 2014 after several years on the board as an Independent Director. Emmanuel Ikazaboh holds a degree in Accountancy and Finance from Yaba College of Technology, an MBA in financial management from Manchester University Business School, UK. He attended leadership and senior management courses with Deloitte, was one of the CEOs seconded to Kellogg Senior Management School at the Northwestern University Chicago, USA. He is also a fellow of the Chartered Association of Certified Accountants (FCCA), Institute of Chartered Accountants of Nigeria (ICAN) and the Nigerian Institute of Taxation. He has over 25 years’ experience in public accounting and financial management and several years’ work experience in public accounting and financial management and project management. Currently, he is the Chairman/CEO, Hedonmark Management Services Ltd., a management consulting, business process outsourcing and contract employee management firm. Mr. Ikazoboh has built an impressive record through a variety of leadership roles. He was formerly the Managing Partner/CEO of Deloitte West & Central Africa, until 2009. Prior to that, he was the Managing Partner for Francophone offices in Cote d’Ivoire and Cameroon. He joined Akintola Williams Deloitte as a senior audit assistant in 1975 and worked his way up to partner and senior partner. He was one time the interim administrator of the Nigerian Stock Exchange (NSE) and now serves as Deputy to the Interim President at The Nigerian Stock Exchange. He has a wealth of experience in auditing and financial advisory services.

Wale Odutola – Managing Director

Wale Odutola is currently the Managing Director of ARM Pension Managers. He is a seasoned Portfolio Manager, with extensive experience in research and managing global portfolios – equities and fixed income. Prior to this appointment he had served as the Managing Director of ARM Securities, ARM Properties Plc., as well as ARM Hospitality and Retail Fund where he was responsible for significant improvements in the businesses operating performance. Wale has very strong finance and leadership skills and has led several transformational initiatives across research, investment management, securities trading and real estate within the ARM Group. Wale has a B.Sc. Accounting degree from the University of Lagos and is an Alumnus of the Harvard Business School with over 18 years experience in the financial sector.

Sadiq Mohammed - Non-Executive Director

Sadiq Mohammed is currently a Deputy Group CEO of ARM and prior to that was the Managing Director of ARM Pension Managers (PFA) Limited between 2011 and 2014. Previously, at different points he served as the Chief Operating Officer (COO) of ARM Group and the Managing Director in charge of ARM’s Proprietary business, overseeing the development of notable projects such as the Lekki Road Project (LCC), etc. He was at Arthur Andersen Nigeria (now KPMG Professional Services) before joining ARM in 1996. Sadiq is an Industrial Chemistry graduate from Abubakar Tafawa Balewa University, and a Fellow of the Global Association of Risk Professionals (GARP) having earned GARP’s Financial Risk Manager (FRM) charter. He earned a dual Executive MBA from Carnegie-Mellon University & University of Geneva and is also an alumnus of Harvard Business School’s Advanced Management Program (AMP). Sadiq serves on the boards of ARM Group of companies, FMDQ Plc., Four Points Hotel Lagos and the Moorhouse Hotel. Over the last few years, Sadiq had served as Chairman of the Pension Operators (PenOp) Technical Committee for 2 terms and had previously served on different occasions as the Chairman of the Investment Management Subcommittee of the Capital Markets Committee and as a member of the FGN Committee on Infrastructure as well as the FGN Committee on drafting a Code of Conduct for Capital Market Regulators.

Aliyu Yar’adua - Non-Executive Director

Mr. Yar’adua joined the board of ARM Pensions Managers on 8th October, 2010. He is an experienced banker with seventeen years industry experience, ranging from marketing, customer service, operations, credit analysis, credit administration, to investment and treasury management, and corporate planning activities that include budget control and audit inspection.He has led marketing teams in Habib Nigeria Bank Plc, and First Alliance Pension and Benefits, where he was Executive Director, also supervising Human Resources and Business Development before the business combination with ARM Pension Managers.He is currently Executive Director, Finance and Admin with Max Air Limited.Mr. Yar’adua holds a a B.Sc. Accounting, and two Masters in Business Administration, and International Affairs & Diplomacy, all from the Ahmadu Bello University, Zaria.

Daniel Akujobi - Non-Executive Director

Mr. Akujobi was appointed to the board of ARM Pensions Managers on 8th October, 2010. He has twenty nine years of diversified, hands-on operational and executive management experience in policy making, strategy formulation and implementation at Departmental, Divisional and Board levels across a number of multinational and local corporations. Organizations he has served include; ACB (International) Bank Plc., Diamond Bank Plc., Allied Bank of Nigeria Plc., AfriBank Nigeria Plc., Akintola Williams & Co.; as well as Dasot Capital Partners Limited, where he currently functions as Managing Partner. Mr. Akujobi served as a Director on the board of the former First Alliance Pension and Benefits Limited before the business combination with ARM Pension Managers. His business competencies include business process review and corporate restructuring, risk management, strategic and financial analysis and planning, and human resource management and administration. He is a fellow of the Institute of Chartered Accountants, Nigeria, and member Chartered Institute of Management Accountants (UK), and Chartered Institute of Taxation (Nigeria). He is also a registered Financial Adviser/Capital Market Operator in Nigeria. Mr. Akujobi holds a B.Sc. from the University of Lagos, Akoka, and an AMP from the Wharton Business School, University of Pennsylvania.

Jumoke Ogundare - Non-Executive Director

Jumoke was appointed Chief Executive of Asset & Resource Management Company Ltd ARM, the holding company of the ARM Group in July 2015. Between 2011 and 2015, she was Deputy Chief Executive Officer of the Firm. Prior to that she was the Managing Director, ARM Asset Management Non Pension, where she was actively involved in building the asset management business to become one of the leading asset management firms in Nigeria with several billions of Naira under management.
She has more than 25 years experience in credit & marketing spanning International Merchant Bank (IMB), Prime Merchant Bank Limited and Citadel Savings and Loans.
Jumoke holds a B Sc. in Economics from the University of Jos and a Masters in Business Administration degree from Cardiff Business School in Wales. She is also an alumnus of the Program for Management Development (PMD) of the Harvard Business School.

Kamar Bakrin - Non-Executive Director

Mr Bakrin has 17 years of relevant professional experience. Prior to joining Helios in December 2013, Mr Bakrin spent two years as Group Executive of the Honeywell Group, one of Nigeria’s leading indigenous conglomerates, where he was focused on developing the group’s cement and oil & gas businesses. Before joining Honeywell, he founded and acted as CEO of Vios Principals, an advisory firm focused on investing in, and transforming, Africa-focused enterprises. Mr Bakrin previously gained six years’ experience at Ocean & Oil Holdings / Oanda PLC, where he was most recently CEO of Oando Energy Services with responsibilities spanning group strategy, investments and strengthening the group’s portfolio companies’ capabilities. Before his appointment as CEO, he served as the COO of Oando Marketing and prior to that, as the Executive Vice President / Head of Corporate Development of Ocean & Oil Holdings, during which time he led the post-merger integration of two publicly listed companies, Unipetrol and Agip, which represented the largest merger in the Nigerian history. Prior to this, he gained experience with the Boston Consulting Group, Colgate Palmolive and Arthur Anderson (now KPMG). Mr Bakrin holds a BA Agric. from the University of Ilorin, Nigeria and an MBA from the Columbia Business School. He is a fellow of Institute of Chartered Accountants of Nigeria (ICAN) and member of the Institute of Directors, Nigeria (IoD). Mr Bakrin is fluent in Hausa and Yoruba, widely spoken West African languages.

Souleymane Ba - Non-Executive Director

Mr Ba has nine years of relevant professional experience. Prior to joining Helios in August 2012, Mr Ba worked at Warburg Pincus, a New York based PE firm where he was focused on leveraged buyouts, growth equity and venture investments in the industrial and consumer sectors. Before joining Warburg Pincus, he worked as an associate for the Carlyle Group, a PE firm based in Washington DC. Mr Ba started his career with Morgan Stanley as an Investment Banking Analyst in the Basic Materials Group. He has a BA degree in Economics from Wesleyan University and an MBA from Harvard Business School. He is a Senegalese national and speaks French and Wolof.

Layi Afolabi - Executive Director

Mr. Layi Afolabi was appointed to the Board of ARM Pension Managers (PFA) Limited on the 1st of March, 2012 as Executive Director – Operations with responsibility for the following departments; Financial Control, Benefit Administration, Fund Accounting, Contribution Processing/Reconciliation and Information & Communications Technology (ICT).Prior to this appointment, Mr. Afolabi was the Head of Department of Finance in ARM Pension Managers having joined as a Pioneer staff in October 2005. He holds a B Sc. in Accounting from the University of Lagos and he is also an Associate of the Institute of Chartered Accountants of Nigeria as well as an Associate of the Chartered Institute of Taxation of Nigeria. Mr. Afolabi started his accounting career with the firm of Deloitte, Adetona Isichei & Co (Chartered Accountants) and has over 20 years professional working experience spanning banking and non-banking financial institutions. Layi is an alumnus of the prestigious Lagos Business School where he completed his Senior Management Programme (SMP16) in 2003. He also completed his Programme for Executive Development at IMD Business School, Switzerland (Foundation for Business Leadership & Transition to Business Leadership) in 2014.

Management Team

Abisola Onigbogi - Head, Business Development

He has several years’ experience in Corporate Banking and Product/Process Development spanning Continental Trust Bank, Access Bank and Bank PHB. He was a pioneer staff of the Access Bank Plc Financial Institutions Group and was able to replicate the same upon resumption at Bank PHB.He joined ARM in April 2010 and is currently the Head of Business Development.He has a B.Sc Degree in Computer Science from the University of Lagos, and has attended several courses including the 6 – Month LBS Senior Management Program and the INSEAD Transition to General Management Program.

Ade Ojedokun - Head of Information Technology

Ade has over 15 years commercial experience in the IT Industry both in Nigeria and in the United Kingdom. A PRINCE2 certified Project Manager as well as a Microsoft Certified Business Management Solutions Specialist. Ade has a B.Sc. (Honours) Surveying from the University of Lagos and a Post Graduate Diploma in Information Systems Design from the University of Westminster UK. He recently completed a 6–Month LBS Senior Management Program and the Transition to General Management Program at INSEAD, France.

Akinola Akinwole - Head, Human Capital Management

Akinola holds a B. Tech. in Chemical Engineering from LAUTECH, Ogbomoso and an MBA from Netherlands Business School. He commenced his HR career in 2003 with Askar Paint Limited from where he joined KPMG Professional Services, Nigeria in 2005. At KPMG Professional Services, he served as a Management Consultant (HR) where he supervised teams and led various HR projects for clients in various sectors of the economy. Prior to joining ARM Group in 2013 as Human Resource Manager, he co-pioneered and led the Talent Acquisition Unit of Human Capital Partners (the succeeding firm of the erstwhile Executive Selection and Training Services, Division of KPMG Professional Services, Nigeria) for about 2years. Akinola is an Associate Member of the Chartered Institute of Personnel Management (CIPM) and a member of the Society for Human Resource Management (SHRM).

Corona Sonuga-Oye - Compliance Officer

Corona has experience spanning private legal practice with the firm of Olayide Adigun & Co, Churchgate as Company Secretary/Legal Adviser. Having spent many years in a conglomerate with diverse business interest, she is very conversant with regulatory and compliance issues within the Nigerian business environment. She joined ARM Pension Managers in June, 2006. She holds an LLB and LLM degrees from the University of Lagos.

Niyi Odewale - Head of Risk Management

Niyi has experience in Risk Management, Assurance Services (Internal and External), Internal Control & Financial Control from Dekit Construction Ltd, Pacific Bank Ltd, PricewaterhouseCoopers, Standard Chartered Bank Ltd and UBA Plc. Prior to joining ARM Pension Managers, he was a Vice President in the Risk Management Functions of FBN Merchant Bank Ltd and FBN Capital Ltd (both FBN Holdings Subsidiaries). He has actively supported the implementation of Risk Management frameworks along his career in Asset Management, Investment Banking, Commercial Banking and Consulting. He holds a B.Sc. in Accounting from the University of Ilorin (Chevron Scholar), an Associate of the Institute of Chartered Accountants of Nigeria(ICAN), a Professional Member of the Institute of Operational Risk(IOR) and an Executive Education in Financial Risk Management from the London School of Economics and Political Science(LSE).

Segun Awode - Head of Internal Audit

Segun started his audit career in Pannell Kerr Forster (PKF) International (Chartered Accountants) and later moved into the financial services sector He worked with First Atlantic Bank (now FCMB), Lead Bank and Access Bank as Resident Control Officer, Audit and Inspection Officer and Internal Auditor pioneering the functions. He joined ARM Pension Managers in 2006 and set-up the Internal Audit Dept which he currently heads. Segun was the best student from Ogun State University (now Olabisi Onabanjo University) in both the College of Agricultural Sciences and Department of Agricultural Economics and Farm Management. He is a Fellow of the Institute of Chartered Accountants of Nigeria and an Associate of Chartered Institute of Stockbrokers, as well as a Member of Chartered Management Institute (UK). He holds an MBA degree from University of Liverpool and is an alumnus of Harvard Business School Publishing and New York Institute of Finance.

Tope Ibikunle - Head, Financial Control

Tope started his accounting career with Cathedral Church of Christ in 2001 and moved to Denham Management Limited (now Denham Chapel Hill) in 2003 from where he joined ARM Pension in 2006. He holds an HND from the Federal Polytechnic, Ilaro and is an associate member of the Institute of Chartered Accountants of Nigeria (ICAN) and an associate member of the Chartered Institute of Stockbrokers of Nigeria (CIS). He completed his MBA in Lagos State University in 2012.