WASHINGTON, July 24, 2015 (World Bank): Bank President Jim Yong Kim 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.
Ms. Oteh will take over from acting Treasurer, Doris Herrera-Pol, a well known figure in the public sector world, who is retiring to spend more time with her family.
Herrera-Pol will step down as director and global head of capital markets on November 12, 2015, having held the position since 2007.
Her retirement will mark the end of 29 years at the World Bank/IFC in a variety of positions.
Prior to this, Herrera-Pol worked for the government of the Dominican Republic, where she conducted sovereign debt negotiations.
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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.
Har været i Den Afrikanske Udviklingsbank
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.
Hendes prioriterede opgaver
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 US dollar in assets. Her top priorities will be 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 World Bank Group, including with IFC and MIGA, expanding shared approaches, in particular around innovative financing for development and for key new projects.
The appointment is effective on September 28, 2015.
Mere om hende på https://en.wikipedia.org/wiki/Arunma_Oteh
Skal bestyre milliarder
The World Bank’s Treasury is responsible for funding, investment, derivative and cash management operations, through which it manages risks and returns on the Bank’s enormous balance sheet. It also shares its professional expertise directly with member countries.
The AAA-rated financial institution is the world’s largest development finance bank, collectively owned and backed by the capital commitments of nearly all countries on the planet.
Each year, the World Bank borrows globally in multiple markets and currencies and approves between 10 billion and 25 billion dollar of new loans for a variety of projects in its developing member countries.
