Woman Crush Wednesday (WCW): Arunma Oteh

by Duke Magazine

Arunma Oteh is Nigerian senior business executive. She bagged a first class honors degree in Computer Science from University of Nigeria, Nsukka, before furthering to Harvard Business School at where she obtained a master’s degree in Business Administration.

Within the scope of her career, Oteh has worked with 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 worked under different capacities in the multilateral lending bank before assuming the position of the Vice-President for Corporate Management at the ADB in March 2006, responsible for Language Services, General Services and Procurement, Human Resources, and Information Management and Methods.

In 2009, Oteh was appointed as the Director-General of Securities & Exchange Commission (SEC), the position she held amid some tense infractions between Nigerian Stock Exchange (NSE) and SEC till 2015.

In furtherance of Oteh’s career in financial field, she was in 2015 appointed as the Vice President and Treasurer of the World Bank by Jim Yong Kim (President of World Bank). During her three-year service, she managed the organization’s US$200 billion debt portfolio, as well as an asset portfolio of almost $200 billion for the World Bank Group, and 65 external clients, including central banks, pension funds and sovereign wealth funds.

Oteh got a recognition in the 2020 Powerlist, of the most influential people in the UK of African/African-Caribbean heritage. She also received a national honor from the Nigerian government as an Officer of the Order of the Niger (OON) in 2011 for the recognition of her contribution to economic development and to transforming the Nigerian capital markets. She was a recipient of the “Distinction In Public Service” award from the Commonwealth Business Council/African Business in 2011. In addition, Oteh went on to win the CNBC Africa All Africa Business Leaders Awards (AABLA) Business Woman of the Year category for West Africa in 2014.

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