Lydia Nakamya, a banker with over 16 years of experience has been appointed the new General Manager, Affluent Banking and Wealth Management at Standard Chartered Bank effective January 2023.
She, most recently, headed the Digital Banking and Partnership team where she recorded “a double year-on-year growth across all metrics”.
“With her experience in the innovation space, she brings a whole new approach to the Affluent business,” reads an announcement by the bank about her appointment.
Lydia, is no stranger to the affluent banking and wealth business, she has previously headed Priority client relationships at the bank, building a “successful 10-year career in the segment”.
“She solidified a strong, confident and knowledgeable team that is implementing our strategy with an emphasis on wealth advisory and putting clients first. Prior to this, she was the Head of Priority Service delivery and a branch manager at Standard Chartered Bank.” adds the statement.
Lydia replaces Agnes Umutoni who bows out of Standard Chartered Bank Uganda after 12 straight years, six of which she has been General Manager, Affluent Banking and Wealth Management. Agnes takes on a new, Head Retail Products, Segment and Client Experience role at Standard Chartered Jersey.
“With a career anchored on wealth advisory and investments, she has significantly transformed the proposition at the bank for both our high net worth and emerging client segments. Under her tenure, the retail business registered tremendous revenue growth unlocking the highest revenue ever in her segment and wealth business – a highlight of her career. This is 3 times what it was when she joined the role. With the number of clients taking up investment products doubling, she has significantly elevated the value our clients get from the bank to build the best future for them and their families,” reads the bank statement.
Agnes also previously worked at the bank as Head of Investments Strategy and Advisory, Investment Advisor and a Priority Banking Relationship Manager.
“She has risen through the ranks to be an inspirational and empowering leader and has earned several accolades to attest to this,” the bank says of her leadership qualities.
Workplace diversity and inclusivity as a catalyst for business success
Commenting about the appointments, Sanjay Rughani, the Standard Chartered Bank Uganda Chief Executive Officer, congratulated the two female executives on their well-deserved appointments.
Sanjay reiterated that the appointments further underpin the bank’s diversity and inclusivity strategy.
“At Standard Chartered, we believe that having a diverse and inclusive workplace is both the right thing to do and a key catalyst for business success. Through our dedicated commitment over the years, we have learnt that different opinions, cultures, genders and ethnicities can help us see things from multiple angles with more clarity and dynamism. These insights underpin our purpose and we cannot truly drive commerce and prosperity without fully embracing our diversity,” he said.
The bank stands out in the industry for having a largely balanced gender distribution with 58% of staff being female and 42% male. At the country leadership level, 38% are female and 62% male.
“I am so proud of my Country Management Team who are personally championing the separate pillars of our diversity and inclusivity strategy which includes gender, generations, nationality & ethnicity, wellness and disability. Together we are constantly focused on optimising the richness of our collective organizational expertise and human potential which has helped us to serve our clients better and drive our business objectives with elevated success,” Sanjay emphasises.