Why We Appointed Arunma Oteh World Bank Vice President -- Jim Yong Kim

The immediate past Director-General of the Securities and Exchange
Commission (SEC), Ms Arunma Oteh, has been appointed Vice President
and Treasurer of the World Bank. Announcing the appointment in a press
release yesterday, World Bank President, Jim Yong Kim, 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 went on to reel out Aruma's profile. Said
he:

"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.
"As VP and Treasurer, Arunma 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 WBG, including with IFC and MIGA, expanding
shared approaches, in particular around innovative financing for
development and for key new projects."
-Vanguard