Stanbic Bank Uganda Limited is pleased to announce that it has received regulatory approval for the appointment of Mr. Paul Muganwa as Executive Director, and therefore a member of the Board of Directors. The appointment is in addition to his current role as Head of Corporate & Investment Banking (CIB).
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The appointment increases the number of Executive Directors to three, including Sam Mwogeza, Executive Director-Personal & Private Banking, and Mumba Kenneth Kalifungwa, the Chief Executive.
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Mr. Muganwa brings nearly two decades of banking experience, having worked in both Uganda and South Africa. His leadership has been pivotal in driving the growth of Stanbic Bank Uganda’s CIB franchise over the last three years, including providing strategic direction which has reinforced the bank’s competitive position in the market.
Board Chair Damoni Kitabire expressed confidence in Mr. Muganwa’s appointment, stating, “Paul’s appointment is a testament to our commitment to strong leadership and succession planning. His wealth of experience, coupled with exceptional performance and strategic vision, will continue to drive growth, and sustain CIB’s market leadership.”
Chief Executive Mumba Kenneth Kalifungwa echoed this sentiment, adding, “Paul’s appointment marks an exciting chapter for Stanbic Bank Uganda. His deep expertise in banking, particularly in corporate finance, capital markets, and investment banking remains an asset to our ability to deliver innovative solutions for our clients.”
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