A few hours ago, the World Bank announced the appointment of the immediate past Director General of the Securities and Exchange Commission, Arunma Oteh, as its vice president and treasurer.
Oteh, whose appointment is effective from September 28, 2015, was selected to the position through an international competitive search.
As vice president, she will:
1. manage and lead a large and diverse team responsible for managing more than $150bn in assets.
2. maintain the World Bank’s global reputation as a prudent and innovative borrower, investor and risk manager;
3. manage an extensive client advisory, transaction and asset management business for the bank.”
4. 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 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.
Confirming her appointment, Oteh via Twitter, said, “A great time to join the World Bank given the innovative solutions it is deploying to ‘end extreme poverty and ensure shared prosperity.”
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