Sigma Pensions Appoints Chairman, New Board Members


Nume Ekeghe

The Board of Sigma Pensions has announced the appointment of Mr. Mark Collier as the new Independent Non-Executive Chairman of the Pension Fund Administrator (PFA).

This followed the retirement of the previous Chairman, Alhaji Rasaki Oladejo, who held this position since 2005.

Collier’s appointment came at a time the organisation was implementing its strategic business objective for 2020, which heralds a firm outlook for business growth and transformation.

Collier has been a non-executive Board member of the company for over two years, and his appointment as Chairman, according to the firm, provides continuity in its newly restructured board as it seeks to build and take advantage of new and developing opportunities.

Collier is an experienced non-executive Director, entrepreneur and business leader with a track record in both developing and building winning financial services companies.

He has a rare mix of business, strategic, sales and marketing, people and financial management skills.

As a non-executive Director, he serves on the boards of both publicly quoted and privately held financial services companies in India, South Africa, Nigeria, Indonesia and up until recently, Brazil.

Welcoming him to the board, the Managing Director, Dave Uduanu said Sigma Pensions was privileged to have such a highly skilled professional with extensive business and leadership experience as Collier to chair the company’s board.

He added that Collier’s wealth of experience would be invaluable to the company as it works towards achieving its strategic objectives.

In response, Collier said he was honoured to have been appointed to chair the board of Sigma Pensions, adding that he was quite impressed with the performance of the management team at Sigma Pensions and was looking forward to a successful implementation of the corporate strategy.

He added: “I am looking forward to working with the Board and Management of Sigma Pensions in my capacity as Chairman and I am quite confident that we will work collectively as a team to achieve our goals for 2020 and beyond.”

The board also welcomed Mr. Obafunmilayo Agusto and Mr. Afolabi Folayan who joined as an Independent non-executive Director and Executive Director, Operations respectively.

Agusto has a deep understanding of the Nigerian Financial System, the Capital Markets and the major domestic Investment Asset Classes.

He worked in Audit and Business Advisory at Arthur Anderson, now KPMG and currently is Managing Director of IBFCAlliance Limited.

Also, Folayan was CEO of Securities Africa Financial Limited and Executive Director /Chief Investment Officer of a Life Insurance Company.