Abimbola Sulaiman has been named Acting Managing Director and Chief Executive Officer of Access ARM Pensions. The appointment follows the exit of Dave Uduanu due to regulatory tenure limits.
Okay News reports that the change complies with National Pension Commission (PenCom) guidelines capping PFA CEO service at 10 cumulative years. Uduanu’s term spanned pre- and post-merger roles.
Access ARM Pensions emerged from the 2022 merger of Access Pensions and ARM Pension Managers. No official announcement accompanied the transition.
Sulaiman previously served as Executive Director, Investment. She brings over 20 years in asset management, including roles at Fidelity Management & Research in the United States and Allan Gray.
She holds a Chemical Engineering degree, an MBA from The Wharton School, and is a CFA charterholder. Her expertise covers local and global markets.
PenCom rules prohibit acting appointments exceeding six months without extension. A substantive CEO requires regulatory approval within that period.
Candidates need 20 years post-qualification experience, 15 in financial services, and 10 in senior management.
Uduanu, a veteran in Nigeria’s pension industry, led Sigma Pensions and Access Pensions before the merger. His tenure shaped consolidation and investment strategies.
The sector manages over N18 trillion in retirement savings. Leadership renewal promotes governance and risk management.
This marks an early high-profile application of tenure caps post-mergers. It reinforces PenCom’s professionalisation drive.
Sulaiman oversees operations and investments pending permanent appointment. The transition ensures continuity in one of Nigeria’s largest PFAs.
