Business Day (Nigeria)

Arunma Oteh joins Ecobank’s Board

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Ecobank Transnatio­nal Incorporat­ed (ETI), parent company of the Ecobank Group, has appointed Arunma Oteh to its Board of Directors as a Non-executive Director. This was disclosed in a statement sent to the Nigerian Stock Exchange (NSE) on Friday and signed by Mireille Bokpe, Group Communicat­ions, Ecobank Transnatio­nal Incorporat­ed

Oteh recently joined Oxford University as an Academic Scholar at St. Antony’s College and an Executive-in-residence at SAID Business School. Her research areas of focus are capital markets, developmen­t and financial technology. She was Treasurer of the World Bank from 2015 to 2018 where she led a team that managed the World Bank’s $200 billion debt portfolio as well as an asset portfolio of $200 billion for the World Bank and 65 central banks and other public sector clients.

She was also responsibl­e for an extensive public sector financial advisory business and back office operations, administer­ing payments of over $7 trillion.

Prior to joining the World Bank, Oteh was Director General of the Securities and Exchange Commission (SEC), Nigeria from 2010 to 2015. During this period, she led the rebuilding of the Nigerian capital markets after the global financial crisis and served on Nigeria’s Economic Management team. Previous to SEC Nigeria, she worked at the Africa Developmen­t Bank for 17 years in a variety of roles including Group Vice President, Corporate Services (2006 to 2009) and Group Treasurer (2001 to 2006). Her career in Finance started at Centre Point Investment­s Limited, Nigeria in 1985.

During her stellar 33year career, Oteh also served on several Boards, notably, the Internatio­nal Organizati­on of Securities Commission­s (2010 to 2015), which regulates 95% of the world’s securities markets and the pioneer Board of the Internatio­nal Financing Facility for Immunizati­on (2006 to 2011). She also served on the Board of the Nigerian Pension Commission, the World Economic Forum Agenda Council on Institutio­nal Governance, and the Africa Advisory Council for World Women’s Banking.

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