World Bank Appoints Aruma Oteh as Vice President and Treasurer

Ms Aruma Oteh, the immediate past Director-General of the Securities and Exchange Commission (SEC), has been appointed  Vice President and Treasurer of the World Bank. 

The appointment was made known to newsmen yesterday in a press release circulated online.  Jim Yong Kim, World Bank President, said, “I am pleased to announce the appointment of Arunma Oteh as VP and Treasurer of the World Bank.  Ms. Oteh was selected for this position through an international competitive search. Her appointment is effective from September 28, 2015.

Yong reads Aruma Oteh's profile as below...

“Arunma, a Nigerian national, was most recently the Director General of the Securities and Exchange Commission of Nigeria. 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. She 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 Securities and Exchange Commission (SEC) of Nigeria, Arunma 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 procur-ement.  

From 2001 to 2006 she held the role of AfDB Group Treasurer, where she led AfDB’s fund-raising 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. 

She also held other positions in capital markets and lending during the course of her career at the AfDB. 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.