Aruma Oteh Leaves World Bank, Joins Ecobank Board
A former Director General of Securities and Exchange Commission, SEC Aruma Oteh has joined lender Ecobank Group board as a non-executive director, weeks after leaving the World Bank as Vice President and Treasurer.
Ecobank made this public on Friday via a notice to the Nigerian Stock Exchange, as mandated by law.
Between 2015 and 2018 when she was at the World Bank, Oteh 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.
During her tenure as DG SEC, she led the rebuilding of the Nigerian capital markets after the global financial crisis and served on Nigeria’s economic management team.
Prior 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.
Oteh holds a master’s degree in business administration from Harvard Business School and a First Class Honors Bachelor of Science Degree from the University of Nigeria, Nsukka.
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