World Bank Appoints Oteh As Vice President, Treasurer
The World Bank has announced the appointment
of the immediate past Director-General of Nigeria’s Securities and Exchange
Commission (SEC), Mrs Arunma Oteh as a Vice President and Treasurer.
According to a statement released by the bank in Washington, Mrs Oteh in her new role as Vice President and Treasurer would manage and lead the diverse team responsible for managing more than 150 billion Dollars in assets worldwide through engagements with public and private sector institutions.
The statement said she was selected to the position ''through an international competitive search'' and would be assuming office effective September 28, 2015
According to a statement released by the bank in Washington, Mrs Oteh in her new role as Vice President and Treasurer would manage and lead the diverse team responsible for managing more than 150 billion Dollars in assets worldwide through engagements with public and private sector institutions.
The statement said she was selected to the position ''through an international competitive search'' and would be assuming office effective September 28, 2015
Read the
full statement by the World Bank below:
Arunma
Oteh, Vice President and Treasurer of the World Bank Date: July 23, 2015.
Mrs Oteh,
a Nigerian national, was most recently the Director General (DG) of the
Securities and Exchange Commission (SEC) of Nigeria. She was Appointed to a
five-year term by the President of Nigeria in 2010, she led the transformation
of the country’s Capital Markets Industry into a major global presence.
The
former DG of Nigeria’s SEC was a member of the Board of the International
Organization of Securities Commissions (IOSCO) and the Chairperson of the
Africa Middle East Regional Committee of IOSCO.
Prior to
joining the SEC of Nigeria, Mrs Oteh was Group Vice President, Corporate
Services, at the African Development Bank Group (AfDB). In this role, she
oversaw a number of departments, including human resources, information and
communications technology, and institutional procurement.
From 2001
to 2006 she held the role of AfDB Group Treasurer, where she led AfDB’s
fundraising and capital market activities across the world. Earlier roles at
the AfDB, which she joined in 1992, included trading room management,
investment portfolio coverage, and public sector lending.
Mrs Oteh
also held other positions in capital markets and lending during the course of
her career at the AfDB.
She began
her career in 1985 at Centre Point, where she executed debt and equity
offerings in the Nigerian Capital Markets.
The
Former DG of Nigeria’s SEC earned her Bachelor of Science in Computer Science
from the University of Nigeria and her Masters of Business Administration from
Harvard University.
As VP and
Treasurer, Mrs Oteh would manage and lead a large and diverse team responsible
for managing more than $150 billion in assets.
Her top
priorities would be to:
Maintain
the World Bank’s global reputation as a prudent and innovative borrower,
investor and risk manager.
Manage an
extensive client advisory, transaction and asset management business for the
Bank.
Engage in
her capacity as one of the World Bank’s key representatives, with outside
stakeholders including Global Private Sector Financial Institutions, the
financial media, sovereign debt and reserve managers in client countries, as
well as ratings agencies.
Collaborate
extensively with the Finance Partners throughout the WBG, including with IFC
and MIGA, expanding shared approaches, in particular around innovative
financing for development and for key new projects.
Mrs Oteh
was selected to the position through an International Competitive Search. Her
appointment is effective on September 28, 2015.
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