How I grew Diamond Trust Bank Uganda by 40 times in 17 years⏤ Varghese Thambi’s Untold Story As a senior banking Executive in India's thriving financial services industry, it had never crossed Varghese Thambi's mind that he would ever work in Africa and Uganda in particular. But 17 years after taking a leap of faith, albeit amidst mixed feelings from his household, he is glad that he did. He has fallen so much in love with the country that after serving for 17 years as Managing Director and CEO of Diamond Trust Bank (DTB) Uganda, he has decided that he will stay in Uganda, commonly known as the Pearl of Africa.

Muhereza KyamuteteraMay 24, 2024May 24, 2024

Varghese Thambi (right) chats with Godfrey Sebaana, the incoming CEO at the former's 21st May 2024 farewell dinner. Thambi leaves DTBU after 17 years and 40-fold growth in the bank's assets.

It all started with a call from a recruitment agency executive. At the time, Thambi had spent 30 years in the banking industry, rising to become a Senior Vice President and Head of Retail Banking at India’s IndusInd Bank, based in Mumbai, Maharashtra. In that role, he oversaw more than 300 branches and was No.4 in the bank’s overall order of command. He had risen from a teller job that he started on November 19, 1976, with manual banking ledgers and had risen to become a branch manager at Dhanlaxmi Bank in Hyderabad, India before crossing over to IndusInd Bank…

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