Ecobank Transnational Incorporated Announces The Appointment of Arunma Oteh To Its Board of Director

Friday, January 18,  2019  02:15 PM / NSE                   

Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, has appointed Ms. Arunma Oteh to its Board of Directors as a Non-Executive Director.

Ms. 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, Ms. 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 33-year career, Ms. 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. In 2011, in recognition of her contribution to the economic development of Nigeria and role in transforming the Nigerian capital markets, she was awarded the Officer of the Order of the Niger (OON) National Honor. In 2014, she was named the Africa Investor Capital Market Personality of the Year and in 2016 received the New African Woman Award in Finance and Banking. In 2018, she was honored as the Ai Global Institutional Investment Personality of the Year.

Ms. Oteh holds a Masters degree in Business Administration from Harvard Business School and a First Class Honors Bachelor of Science Degree from the University of Nigeria, Nsukka.

Related News

1.       Arunma Oteh To Leave World Bank And Join St Antony’s College, Oxford University

2.      Arunma Oteh Appointed Vice President & Treasurer of the World Bank Jul 24, 2015

3.      Ecobank Responds to Wrongful Allegations

4.      ETI Announces Closure of USD200m Syndicated Loan Facility: Oversubscribed By $268.5m

5.      Nedbank Associate Under Scrutiny - Sunday Times SA

6.      Compliance With IFRS IAS21 – ETI and The Effects of Changes in Foreign Exchange Rates

7.       Is ETI The Only Bank Using CBN Rates To Convert Its USD Results Into NGN and Vice Versa?

8.       Unravelling The Ecobank Q3 2018 Results; Applying NAFEX, Different Outcomes Oct 26, 2018

9.      FRC Publishes Thematic Review Findings Of IFRS9 and IFRS15 Company DisclosuresNov 05, 2018

10.  EBA Stress Test - Banks Are More Resilient To Financial Shocks, Barclays and Lloyds Are Laggards  Nov 04, 2018

11.   Personal Statements By The MPC Members at The 120 MPC Meeting of Sep 24-25, 2018 Nov 08, 2018

12.  Nigerian Diamond Bank Downgraded On Weaker-Than-Expected Asset Quality; Outlook Negative Nov 07, 2018

13.  ETI 2017 Results In Light Of Guidance From Fitch And PWC On Exchange Rates Per IFRS

14.  Nigerian Banks Plan Market-Based Reporting of FC Exposure

15.   A LOOK AT CURRENT FINANCIAL REPORTING ISSUES – PWC Jan 2018: Accounting considerations for foreign Currency transactions and balances in Nigeria under IFRSs.

16.  Ecobank Reports Audited FY2017 Profit Before Tax of $288 million – Mar 21, 2018

17.   ETI Declares N75.72bn PAT in Q3 2018 Results,(SP:N16.00k)

18.  S&P To Lower Ecobank (ETI) Ratings If Significant Increase in Double Leverage Above 120% Is Noticed

19.  Josephine Anan-Ankomah Appointed Ecobank TI''s New Group Executive, Commercial Banking

20. ETI Announces the Retirement of Ms Dolika Banda from Its Board

21.  Ecobank Group Appoints Patrick Akinwuntan as Managing Director Designate of Ecobank Nigeria

22. How to buy a Nigerian bank with no money - Proshare 

23. ETI Announces the Co-option of Mr Greg Davis to its Board of Directors

24. ETI Declares N18.68bn PAT in Q1'17 Results,(SP:N7.8k)

25.  ETI Declares N52.6bn Loss After Tax in 2016 Audited Results (SP:N8.20k)

26. Ecobank to Publish Year Ended 2016 Audited Financial Results on 18 April 2017

27.  Erratum to Ecobank Announcement Regarding Delay to Publishing of 2016 Audited Results

28. ETI Announces a Delay to the Publishing of Year Ended 31 December 2016 Results

29. Afreximbank and ETI agree on African trade and investment promotion including US$500m programme

30. ETI Declares N51.55bn PAT in Q2 2018 Results,(SP:N26.00k)

31.  Ecobank Group Appoints Patrick Akinwuntan as Managing Director Designate of Ecobank Nigeria

32. IFRS 16 to Fuel Use of JVs to Avoid Lease Capitalisation Nov 06, 2018

33. IFRS 9 to Drive Modest Rise in Insurers'' Income Volatility

34. IFRS 17 May Put Up Cost of Capital for European Insurers