AIICO Pension Boss emerges PenOp Chairman

Employers cheating workers by not remitting pension deductions – Longe
Eguarekhide Longe, President, PenOp

Eguarekhide Longe, Managing Director, AIICO Pension Managers Limited has emerged Chairman of the Pension Fund Operators Association of Nigeria (PenOp).

Eguarekhide Longe
Eguarekhide Longe

Longe was elected into the position at the association’s Annual General Meeting in Lagos. He is taken over the mantle of leadership from the Managing Director of Legacy Pension Limited, Misbahu Yola, who had been at the helm of affairs of the association for the past two years.

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 (subsidiary of Diamond Bank PLC) as the Head of the 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.

Pension Fund Operators Association of Nigeria (PenOp) is an independent, non-governmental, non-political and non-profit making body. It was 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.

Its role internally, is to add value to its members across all levels; information, education, visibility, networking etc. externally its role is to increase the awareness and visibility of the pension industry and enable external stakeholders understand and participate in the development of this financial sub-sector wherever and whenever possible.

Its positioning, is to be the influencer externally and the ‘mother to all’ internally, while managing the perception of the segment through the propagation of its brand values.

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