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.
“To be the fastest growing, most efficient and customer-friendly PFA in Nigeria, consistently delivering value to our customers”
“To provide a better future for our customers by offering superior service and value, and upholding high standards of professionalism”
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.
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.
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.
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
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 worker 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:
Asset & Resource Management Holding Company (ARM) HoldCo
Founded in 1994, Asset & Resource Management Holding Company (ARM) HoldCo. 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.
LeapFrog Investments is a global impact investor with a focus on exceptional businesses in emerging Asia and Africa. The group’s portfolio of companies reaches about 130 million people with financial services and healthcare, across 33 countries. It was listed by Fortune in 2017 as one of the top five Companies to Change the World, alongside Apple and Novartis, becoming the first private investment group ever listed.
African Reinsurance Corporation
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.
We also have individual shareholders made up of Nigerians with proven track record in their various business areas.
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 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 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.
Mr. Yar’adua joined the board of ARM Pensions Managers on 8th October, 2010. With vast banking experience spanning over 17 years, ranging from marketing, customer service, operations, credit analysis, credit administration, investment and treasury management, to corporate planning activities, including 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. He also supervised Human Resources and Business Development before the merger 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. He is also a certified member of the Association of Chartered Certified Accountants (ACCA), UK.
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.
Karima is a Partner focused on African investments. A deeply experienced operator and investor, she has significant experience working across the continent. Karima is widely recognised for her work
shaping the investment landscape in Africa and was recently named one of “Africa’s women to watch” by Bloomberg.
Previously, Karima was Chief Investment Officer and a member of the board at ADC African Development Corporation, where she initiated the company’s entry into Nigeria and ran several multimillion-dollar transactions. Prior to this, she was a Managing Partner at Chayton Capital LLP, where she led the creation of the company’s first Africa Agriculture fund. Earlier, Karima was Executive Director, Global Equities, at HSBC in a role that spanned the UK, Hong Kong and South Africa.
Karima is a Member of UK Institute of Directors and holds a Bachelor of Science in Civil Engineering and a postgraduate diploma in Economics from the University of London. She sits on the Sustainability Committee of Africa Private Equity & Venture Capital Association (AVCA). Karima speaks French and Yoruba and is learning Swahili.
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.
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.
Abisola Onigbogi is the Executive Director – Technical for ARM Pension Managers (PFA) Limited with overarching responsibility for Investment Management, Business Development, Customer Experience, Marketing and Corporate Communications. Prior to this appointment, Abisola was the Head of Business Development for ARM Pensions, a role in which he re-organised the national sales structure for efficiency and growth.
He has over 18 years of professional working experience in Corporate Banking, Process Re-engineering and Product Development spanning Continental Trust Bank, Access Bank and Bank PHB.
Abisola holds a B.Sc in Computer Science from the University of Lagos; he is an alumni of LBS having attended the Senior Management Program. He also attended the Leadership Development program (Transition to General Management Program) at INSEAD. He is currently undertaking an Executive MBA at Imperial College, London.
Abimbola has over 12 years’ investment management experience in local, regional and global markets. Prior to joining ARM Pensions, she led the Investment Management function at Pension Alliance Limited, (PAL) where she was responsible for overseeing fund management and asset allocation decisions for pension assets as well as other strategic initiatives. Prior to her time at PAL, she held senior investment management positions at several large financial services firms, including ARM Investment Managers; Allan Gray Investment Management and Fidelity Management & Research Company.
Abimbola earned a B.Sc. in Chemical Engineering from The Obafemi Awolowo University, Ile-Ife in 2004. In 2010, she earned an MBA in Finance from The Wharton School at The University of Pennsylvania.
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.
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.
Lateef has actively worked in the Financial Services industry for over 13 years. He started as a Fund Accountant in 2003 and later joined ARM Pensions in 2010 as Supervisor of the Pension Admin Unit from where he steadily rose to become Vice President and Head of the Pension Admin Unit. A product of the prestigious Obafemi Awolowo university, key among his achievements are Implementation of the Pension Administration System ( Microsoft Dynamics) and the Implementation of Portfolio Management System (Milesoft Fundware) among others.
Moronke started her career with the corporate and private banking departments of Stanbic Bank Nigeria in 1999, before joining Intercontinental Capital Markets Limited (ICML) in 2002. At ICML, she successfully pioneered and managed the assets management unit with responsibilities spanning management of liquidity, money market instruments and equities based portfolios for the company and its clients. In 2012, she joined the wealth and relationship management team in ARM as a relationship manager until 2014 when she was tasked with the responsibility of setting up the customer experience team, which she currently oversees. Moronke holds a B.Sc. in Business from Ogun State University, now Olabisi Onabanjo University. An Associate Member of the Chartered Institute of Bankers and Chartered Institute of Stockbrokers; she holds a certificate in financial planning and an executive MBA from Lagos Business School.
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), a fellow 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 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.
Oluwatoni’s experience spans over 15 years, ten of which is in operations and general back office administration in a leading Pension Fund Administrator (PFA). And the rest as both client-servicing and back office staff (operations) in different banks in Nigeria. Before she joined ARM Pensions in 2005, Oluwatoni worked at United Bank for Africa (UBA), Gateway bank and Regent Bank respectively. A graduate of Accounting from the prestigious University of Ilorin, Kwara state, Oluwatoni bagged a MBA in 2005 and is also a certified member of the Nigerian Institute of Management.
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 a fellow 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.
Emeka’s career spans over 17 years in various industries, including financial services, Aviation, Oil & Gas and Human Resources Consulting. He is a Bachelor of Science degree holder in Fisheries Management from the University of Ibadan, as well as a Diploma in E-Commerce. Emeka is a Certified Global Professional in HR, and holds other certifications in Project Management, Change Management, Information Technology, Training Management and Psychometrics.
Prior to joining ARM Pensions, he was responsible for providing strategic direction and leadership for the Human Resources and Administrative Services Departments at FBN Insurance. His responsibilities covered Succession Management, Change Management, Talent Strategy and Management, HR Business Partner Strategy, Performance Management and Compensation Management, among other roles.