Arunma Oteh, former director-general, Security Exchange Commission, SEC, is now the vice president and treasurer of the World Bank. Jim Yong Kim, president, World Bank, announced the appointment Friday. As VP and Treasurer, Arunma will manage and lead a large and diverse team responsible for managing more than $150 billion in assets.
She is expected to maintain the World Bank’s 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 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.