Mr. Olukayode Pitan

  • Managing Director/CEO Bank of Industry Nigeria

Mr. Olukayode Pitan is the Managing Director and Chief Executive Officer of Bank of Industry Ltd, Nigeria�s oldest and largest development finance institution. He draws from significant experience gained across various financial services sectors including banking and capital markets, during his over 30-year career. Mr. Pitan is charting the course to achieve sustainable impact by providing affordable long-term financing and counter-cyclical loans diversified across various sectors of the Nigerian economy. He has pioneered several innovative transactions in the Nigerian capital market and the international financial market towards Nigeria�s economic development. To date, he has led Bank of Industry to successfully raise about US$5.0 billion from the international market through syndications and the bond market over the last four (4) years. Prior to his current role, he served as the MD/CEO of First lnterstate Bank Plc; Executive Director at Unity Bank PLC; Executive Director at FSB lnternational Bank PLC; and the pioneer MD/CEO of ENSEC � a specialised Banking Unit of FSB lnternational Bank Plc that focused on the Energy Sector in Nigeria. Mr. Pitan graduated with a B.Sc. (Hons) Degree in Economics as a UAC scholar from the University of Ibadan in 1982 and obtained a Master�s Degree in International Management as a Rotary International Scholar from the American Graduate School of International Management, Thunderbird Campus at Glendale, Arizona. He is a Fellow of several prestigious organisations including the following: Chartered Institute of Bankers of Nigeria (FCIB), Chartered Institute of Stockbrokers (FCS), Institute of Credit Administration of Nigeria (FICA), Nigeria Economic Society (FNES) and a member of the Institute of Directors of Nigeria (MIoD). He is also an Alumnus of the Lagos Business School; the London Business School; the Haggai Institute, Singapore and the Galilee International Management Institute, Israel. He is also a Merit Award recipient of the Institute of Chartered Accountants of Nigeria (ICAN). Mr. Pitan is the Chairman of the Association of Nigerian Development Finance Institutions (ANDFI); and the Director representing West Africa on the Board of the Association of African Development Finance Institutions. He also serves as Chairman, Board of Trustees of the Redeemer�s University, Ede. In addition, he has held several Board and Executive positions, which include: � Chairman of the Technical Committee that led to the merger of Centerpoint Securities Ltd and FIIST Ventures Ltd to form Unity Registrars Ltd and served as Chairman of Unity Registrars Ltd. � Chairman of the Technical Committee that merged Kapital Insurance Plc, lntercontinental Assurance Company Ltd and Global Commerce and General Assurance Co. Ltd into UnityKapital lnsurance Co. Plc. and also served as Director of the new entity. � Technical Chairman that brokered the formation of FUG Pensions Ltd, consolidating the interests of Futureview Financial Services Ltd, Unity Bank Plc and Glanvill Enthoven & Co. Ltd to form a viable and significant player in the Pensions Management industry, and subsequently holding the position of Chairman of FUG Pensions Ltd. � Alternate Director of Kakawa Discount House Ltd, � Director of Newdevco Investments & Securities co. Ltd and Director of Banque International Du Benin. � He is also the Chairman of Habitation of Hope, an NGO set up to salvage, transform and empower the abandoned, hopeless and homeless street boys and girls living in Nigeria. He is currently the Chairman of BOI-ITC Ltd and LECON Financial Services Ltd, which are subsidiaries of BOI Ltd.