MRS. OSARETIN DEMUREN

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MRS. OSARETIN DEMUREN

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Mrs. Osaretin Demuren served 33 years at the Central Bank of Nigeria (CBN) where she held several significant roles in Research, Exchange Control and Trade & Exchange Departments. In 1999, she made history as the first female to be appointed a Departmental Director of the Apex Bank as the Director of Trade & Exchange. She has served on the boards of several public institutions including the National Social Insurance Trust Fund (NSITF), Nigerian Investment Promotion Commission (NIPC), and Nigeria Export Processing Zone Authority (NEPZA). She then ended her career at the CBN as the Director of Human Resources from October 2004 to December 2009. Mrs. Osaretin Demuren serves on the boards of several leading institutions in Nigeria. She is an Independent non- Executive Director at TrustFund Pensions Plc., a leading Pension Fund Administrator in Nigeria since February 2011. She serves on the Nominations/Corporate Governance, Investment & Strategy, Pension Operations and Establishment Board Committees and is the chair of the Risk Management committee. Mrs. Demuren is a non-Executive Director of LAPO Microfinance Bank Ltd, also a leading and highly rated MfB, where she serves on the Remunerations, and Credit and Risk committees and is the Chair of the Environment, Social and Governance committee. In April 2013, Mrs. Osaretin Demuren was appointed to the Board of Guaranty Trust Bank (GTB) Plc., a leading Banking institution in Africa as a non-Executive Director, where she served on the Board Remuneration committee and Chair of the Board Risk Management committee until April 2015, when she was appointed as Chairman of the Board of Directors of the Bank. Mrs. Osaretin Demuren is a fellow of the Nigerian Statistical Association (NSA), Chartered Institute of Bankers of Nigeria (CIBN), Society for Human Resource Management of America (SHRM), Institute of Directors (IoD), and Bank Directors Association of Nigeria (BDAN), among others. Mrs. Demuren holds a Master of Science Degree in Economics and Statistics from the Moscow Institute of Economics and Statistics, Moscow, and a Diploma in Russian Language and Preliminary Studies from the Kiev State University, Kiev. She has attended several executive programs at leading worldwide institutions including Harvard Business School (HBS), Columbia Business School, IMD (Switzerland), UPenn Wharton Business School, Northwestern Kellogg School of Management, Michigan Ross Business School, INSEAD Business School (France) and Cranfield School of Management (UK). She is widely travelled and happily married.

An Accounting graduate, fellow of the Institute of Chartered Accountants of Nigeria and Associate, Women in Management, Business & Public Service, she had an enviable career in consulting and banking spanning over 20 years. She started her career at Coopers and Lybrand (now PricewaterhouseCoopers) in 1982 and subsequently, in 1986, joined NAL Merchant Bank (now Sterling Bank Plc.) and later Citibank Nigeria, where she rose through the ranks to the level of Vice President, with a strong bias for credit risk management and marketing. She brings her banking and financial services as well as public sector experience to impact her Board contributions. She is happily married and enjoys reading and travelling. Mrs Oworu joined the Bank Directors Association Council on the 4th July, 2017.

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