Nigeria’s Arunma Oteh Becomes World Bank Vice President
The World Bank has announced the appointment of the immediate past Director General of the Securities and Exchange Commission, Arunma Oteh, as its vice president and treasurer becoming the first African female to get this mantle.
The bank, in a statement on Friday, said Oteh was selected to the position through an international competitive search.
Her appointment is effective from September 28, 2015, the World Bank said.
It said, “As vice president and treasurer, Arunma will manage and lead a large and diverse team responsible for managing more than $150bn in assets.
Her top priorities, according to the statement, will be to maintain the World Bank’s global reputation as a prudent and innovative borrower, investor and risk manager; and manage an extensive client advisory, transaction and asset management business for the bank.”
Arunma began her career in 1985 at Centre Point, where she executed debt and equity offerings in the Nigerian capital markets. She earned her Bachelor of Science in Computer Science from the University of Nigeria and her Masters of Business Administration from Harvard University.
