Insurance

PenCom approves appointment of Mrs. Idu Okwuosa as MD Access Pension Fund Custodian

Mrs. Idu Okwuosa

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Chuks Udo Okonta

The National Pension Commission (PenCom) has approved the appointment of Mrs. Idu Okwuosa as the Managing Director of Access Pension Fund Custodian Limited.

PenCom stated this in a publication entitled: ‘Approval for Appointment to Board and Top Management Positions’ adding that her appointment was approved on June 3, 2020.

IDU 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).

Her experience spans 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.

Idu 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 lover of God, a woman of faith, and a mother to 3 young adults.

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