Lagos Business School is delighted to announce that one of its alumni, Kayode Pitan (SMP 5) recently got appointed as the Managing Director of Bank of Industry (BOI) by the Acting President, Yemi Osibanjo.
Pitan has corporate and banking experience spanning over 25 years. He graduated with a BSc (Hons) degree in Economics as a UAC scholar from the University of Ibadan in 1982. He obtained a Master’s degree in International Management as a Rotary International Scholar from the American Graduate School of International Management, Thunderbird Campus, Glendale, Arizona. He is also an alumnus of London Business School and the Haggai Institute in Singapore.
Pitan started his banking career in 1986 at Citibank Nigeria. He subsequently joined Industrial Bank Limited (Merchant Bankers) as part of the pioneer team in the role of Head, Trade Finance. He left the Bank in 1991 to run Credit Lease Nigeria Limited, a company he founded to pursue his dream in export business.
Pitan returned to the banking industry in 1996 joining FSB International Bank Plc as AGM / Head of Middle Tier market and public sector. He served as Group Head, Commercial and Consumer Banking Group. He also headed the Corporate Banking and Energy groups. He was promoted to Executive Director of the Bank and Managing Director of ENSEC (Energy division) in March 2001.
Pitan joined First Interstate Bank Plc in August 2004 as Managing Director/Chief Executive Officer. He led the Bank successfully through a merger with eight other Banks to form Unity Bank Plc. From January 2006 to February 2009 when he voluntarily retired, he served as Executive Director of Unity Bank Plc in charge of Corporate Banking and Treasury Management
He has participated in many innovative transactions in the Nigerian Capital Market. Pitan was the 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. He was also the Chairman of the Technical Committee that merged Kapital Insurance Plc, lntercontinental Assurance Company Ltd and Global Commerce and General Assurance Co Ltd into Unity Kapital lnsurance Co Plc and also served as Director of the new entity. He also midwifed the formation of FUG Pensions Limited by serving as the Technical Chairman for the pooling together of 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.
He subsequently served as Chairman of FUG Pensions Ltd. Pitan has also served as the alternative Director of Kakawa Discount House Limited, Director Newdevco Investments & Securities co. Limited, Director Banque International Du Benin (BIBE) and currently Chairman, Habitation of Hope- An NGO set up by Pastor(Mrs) Folu Adeboye to salvage, transform and empower the abandoned, hopeless and homeless street boys and girls in our society.
He is currently the MD/CEO of Caroline Properties Ltd, Director of Excel E&P Ltd.