Arunma Oteh Biography – Age, Family, World Bank

Arunma Oteh is of Nigerian/British nationality, a native of Abia State. She studied at the University of Nigeria in Nsukka, earning a first class honors degree in Computer Science. She went on to the Harvard Business School where she obtained a master’s degree in Business Administration.

Arunma worked for various institutions including the Harvard Institute for International Development and Centre Point Investments Limited of Nigeria in corporate finance, consulting, teaching and research. She joined the African Development Bank (AfDB) in 1992 and from 1993 to 1997, she was a Senior Investment Officer/Senior Capital Markets Officer.  Afterwards, she became the Division Manager Investments and Trading Room from 1997 to 2001 when she was appointed the Bank’s Group Treasurer responsible for fund raising and investments in major international capital markets. In March 2006, Oteh was appointed Vice-President for Corporate Management at the ADB where she was  responsible for Language Services, General Services and Procurement, Human Resources, and Information Management and Methods.

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Ms. Oteh was nominated as the Director-General of the Securities & Exchange Commission by President Umaru Yar’Adua in July 2009 and after confirmation by the senate, she was given the position in January, 2010.  Oteh concluded her 5-year tenure as SEC DG in January 2015 and In July 2015, Jim Yong Kim, the president of the World Bank appointed her, Vice President and Treasurer of the institution.

Arunma Oteh posing with her Award from Forbes Magazine

Ms Oteh has gained recognition all round the globe, below are some of the awards received:

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  •  Officer of the Order of the Niger (OON) in “recognition of her contribution to economic development and to transforming the Nigerian capital markets” in 2011.
  • “Distinction In Public Service” award from the Commonwealth Business Council/African Business also in 2011.
  • In 2014, she won the CNBC Africa All Africa Business Leaders Awards (AABLA) Business Woman of the Year category for West Africa.