World Bank President Jim Yong Kim on Friday announced the appointment of Arunma Oteh as Vice President and Treasurer of the World Bank.
“Arunma has deep knowledge of capital markets and tremendous
experience as the former Treasurer of one of our partner development
banks,” said Kim. “We are very fortunate to be able to recruit an individual of Arunma’s obvious caliber.”
Ms. Oteh, 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, Ms. 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.
She also held other positions in capital markets and lending during the
course of her career at the AfDB.
In her role at the World Bank, Ms. Oteh will manage and lead a large
and diverse team responsible for managing more than $150 billion in
assets. Her top priorities will be to: (i) maintain the World Bank’s
global reputation as a prudent and innovative borrower, investor and
risk manager; (ii) manage an extensive client advisory, transaction and
asset management business for the Bank; (iii) 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 and the sovereign debt and reserve managers in client countries,
as well as ratings agencies; and (iv) collaborate extensively with the
Finance Partners throughout the World Bank Group, including with IFC and
MIGA, expanding shared approaches, in particular around innovative
financing for development and for key new projects.
This appointment is effective on September 28, 2015.
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