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The Commissioner General of Prisons, Can. Dr. Johnson Byabashaija, recently hosted a delegation from Stanbic Bank, a member of the Standard Bank Group led by Kevin Wingfield, Head of Personal…
Kevin Wingfield, hitherto the Stanbic Bank Uganda Limited, Head Personal and Business Banking (PBB) has been appointed Managing Director for Stanbic Bank Tanzania Limited. The appointment took effect on April 1st, 2020. As Head of Personal and Business Banking (PBB) segment (a job he took up in April 2015), Kevin was in charge of banking and other financial services to individual customers and small to medium-sized enterprises. PBB also incorporates mortgage, lease, and transactional products for individual customers. This segment accounts for about 50% of the bank’s portfolio in Uganda. During his time, he was able to grow PBB segment…
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The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets, followed by Pension Funds at 22%, then Funds under Management (6%) and lastly the insurance sector at 3%, according to Bank of Uganda’s Financial Stability Report, June 2019. According to the report, as at end June 2019, the banking sector, continued to flourish with commercial banks accounting for 95.2 percent (UGX30.3 trillion) of the banking sector’s total assets of UGX.31.8 trillion. This was followed by the Microfinance Deposit-taking Institutions (MDIs)…
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Patrick Mweheire, the Stanbic Bank Uganda, Chief Executive Officer will be leaving his job for a yet to be named regional role within the Standard Bank Group, when his contract expires at the end of this year, CEO East Africa Magazine has confirmed from various sources within the banking industry in Uganda and in Nairobi. We also understand that the race to replace him is in advanced stages with three contenders for the job being Sam Mwogeza; the bank’s current Chief Finance Officer, Kevin Wingfield; the current Head, Personal and Business Banking as well as Anne Juuko, a Ugandan working…
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