A fully owned subsidiary of First Bank of Nigeria PLC, FPCNL which was granted "Approval in Principle" by the National Pension Commission (PENCOM) has an authorized and fully paid up capital of N2 billion. The company asset base as at December 31, 2016 was over N2.5trillion.
First Pension Custodian is managed by a team of seasoned financial experts from diverse backgrounds and with extensive experience in investment management, pension fund administration, corporate finance, relationship management, auditing and risk asset management.
Following the Pension Reform Act 2004, First Bank of Nigeria Ltd, the oldest Nigerian bank with the largest branch network and posting the highest profit in the sector floated a Pension Fund Custodian (PFC) known as First Pension Custodian Nigeria Ltd.
First Pension custodian Nigerian Ltd is one of the foremost pension custodians in the Nigerian pension industry and we are currently located at No. 6 Maduike Street, Off Raymond Njoku Street, Ikoyi, Lagos. A wholly owned subsidiary of FBN Ltd, the principal bank subsidiary of FBN Holdings Plc.
First Bank of Nigeria Ltd is the lead entity of the Commercial Banking business group which includes FBN Bank UK Limited, Banque Internationale de credit (BIC), First Pension Custodian Nigeria Ltd and FBN Mortgages Ltd.
The Groups brand essence of being "Dependably Dynamic" stands firmly on the four pillars of Success, Leadership, Safety, and Security, Enterprise and Service Excellence. The recent brand refresh initiative of the FBN Group seeks to continue to set the gold standard of value and excellence for the bank and its subsidiaries across Sub-Saharan Africa.
The elements of the brand are reflected in our Vision and Mission statements. To drive these, we are positioned through our existing business structure to take full advantage of opportunities in the ever-changing operating environment. We are currently blessed with a number of Custodial relationships,a reflection of a reasonable share of the pension market.
K... L...Chief Executive Officer
Effective 5 years ago
M... U...Non-Executive Chairman
Effective 7 years ago
R... O...Non-Executive Director
A... O...Non-Executive Director
Effective 9 years ago
I... N...Non-Executive Director
Effective 7 years ago
P... O...Non-Executive Director
Effective 3 years ago
J... F...Head, Audit, Risk And Compliance
O... A...Head, Safekeeping And Finance
F... M...Head, Information Technology
A... D...Head, Trade Processing And Settlement
A... F...Head, Business Support