Oteh Appointed World Bank VP

FORMER director general of Nigeria’s Securities and Exchange Commission (SEC), Arunma Oteh, has been appointed Vice President and Treasurer of the World Bank.

The bank, in a press statement issued on Thursday said Oteh, who resigned from the position in January this year, would assume the position on September 28, this year.

According to the bank, as Vice President and Treasurer, Oteh would manage and lead a large and diverse team responsible for managing over $150 billion in assets.

The Bank indicated that her top priorities would be to maintain its 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 bank’s key representatives, with outside stakeholders, including global private sector financial institutions, the financial media and the sovereign debt and reserve managers in client countries, as well as ratings agencies; and collaborate extensively with the Finance Partners throughout the bank group, including with IFC and MIGA, expanding shared approaches, in particular around innovative financing for development and for key new projects.

Before her appointment as SEC DG, Oteh was Group Vice President, Corporate Services, at the African Development Bank Group (AfDB).