New World Bank treasurer named

30 Jul 15

Nigeria’s Arunma Oteh, a former director general of the country’s Securities and Exchange Commission, has been named the vice president and treasurer of the World Bank.

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PA_landscape_WB_Arunma Oteh

Arunma Oteh - Photo © PA


Oteh, who will take up the post late September, replaces Madelyn Antoncic, who stepped down mid-July.

Announcing Oteh’s appointment, World Bank president Jim Yong Kim said: “Arunma has deep knowledge of capital markets and tremendous experience as the former treasurer of one of our partner development banks. We are very fortunate to be able to recruit an individual of Arunma’s obvious calibre.”

She will manage and lead a team responsible for more than $150bn in assets, and will work on collaboration projects with the World Bank’s partners though shared approaches to financing for development and for key new projects.

At SEC, Oteh who was appointed to a five-year post by Goodluck Jonathan, the then president of Nigeria, helped open up the country’s capital markers to give them a global presence.

She was a member of the board of the International Organization of Securities Commissions and the chair of its Africa and Middle East regional committee.

Prior to joining SEC, Oteh had been group vice president of corporate services at the African Development Bank, where she oversaw a number of departments, including human resources, information and communications technology and institutional procurement.

Between 2001 and 2006, she served as AfDB treasurer. 

  • Judith Ugwumadu
    Judith Ugwumadu

    Judith writes about public finance, public services and economics across Public Finance International and Public Finance. She previously undertook reporting stints at Financial Adviser, Global Security Finance and The Sunday Express.

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