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TodaySunday, May 03, 2026

Sanjay Rughani

Sanjay Rughani faces his defining test as Standard Chartered Uganda exits retail banking: turning a leaner, corporate-focused strategy into sustainable profits, disciplined returns, and lasting relevance in a tougher market.
Sanjay Rughani faces his defining test as Standard Chartered Uganda exits retail banking: turning a leaner, corporate-focused strategy into sustainable profits, disciplined returns, and lasting relevance in a tougher market.

Sanjay Rughani and the Test of a Leaner Standard Chartered Bank

Last week’s signing between the Government of Uganda and Standard Chartered Bank offered a reminder of the institution’s enduring strength. The €641.1 million (UGX 2.75 trillion) financing package, covering power transmission, strategic
February 9, 2026
A photo montage of Absa’s David Wandera and Standard Chartered Bank’s Sanjay Rughani. Absa’s acquisition of Standard Chartered’s retail and wealth business reshapes Uganda’s banking sector, boosting deposits, expanding assets, and strengthening retail depth as regulators begin reviewing one of the industry’s most significant restructurings.
A photo montage of Absa’s David Wandera and Standard Chartered Bank’s Sanjay Rughani. Absa’s acquisition of Standard Chartered’s retail and wealth business reshapes Uganda’s banking sector, boosting deposits, expanding assets, and strengthening retail depth as regulators begin reviewing one of the industry’s most significant restructurings.

Absa–Standard Chartered Wealth and Retail Business Acquisition Deal Enters Regulatory Review as Sector Impact Becomes Clear

Less than a year after Standard Chartered announced its plan to exit its Wealth and Retail Business (WRB) segment, the long-anticipated transfer to Absa Uganda has entered a decisive phase. On 24
November 21, 2025
A photo collage of Absa Managing Director David Wandera and Standard Chartered chief executive officer Sanjay Rughani. Standard Chartered and Absa Bank announced on October 24 that they had agreed on the sale of Standard Chartered’s Wealth and Retail Banking business portfolio to Absa Uganda.
A photo collage of Absa Managing Director David Wandera and Standard Chartered chief executive officer Sanjay Rughani. Standard Chartered and Absa Bank announced on October 24 that they had agreed on the sale of Standard Chartered’s Wealth and Retail Banking business portfolio to Absa Uganda.

Big Leap: How Absa’s UGX 1.3 Trillion New Assets and Deposits Acquisition Through Stanchart’s Wealth and Retail Business Will Rewrite its Growth Story

Less than a year after Standard Chartered Bank announced plans to exit its Wealth and Retail Business (WRB) segment as part of a global restructuring strategy, the long-anticipated transaction has now materialized.
October 24, 2025
A photo collage of top Ugandan Bank CEOs. In the top row; Uganda Bankers Association Chairman and Postbank Managing Director- Julius Kakeeto, Centenary Bank Managing Director, Fabian Kasi, Stanbic Bank Uganda CEO, Mumba Kalifungwa. Bottom row: I&M Bank CEO, Robin Bairstow, Diamond Trust Bank CEO, Godfrey Sebaana and Standard Chartered CEO, Sanjay Rughani.
A photo collage of top Ugandan Bank CEOs. In the top row; Uganda Bankers Association Chairman and Postbank Managing Director- Julius Kakeeto, Centenary Bank Managing Director, Fabian Kasi, Stanbic Bank Uganda CEO, Mumba Kalifungwa. Bottom row: I&M Bank CEO, Robin Bairstow, Diamond Trust Bank CEO, Godfrey Sebaana and Standard Chartered CEO, Sanjay Rughani.

Inside the Minds of Uganda’s Top Bank CEOs: Reflections, Fears, and the Future of Banking

At the recently concluded Annual Bankers Conference, some of Uganda’s most influential banking leaders stepped away from the boardroom and into the spotlight. Representing institutions that collectively control a significant share of
August 12, 2025
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Sanjay Rughani, CEO of Standard Chartered Bank Uganda, advocates for bold leadership and sustainable finance as Uganda’s pathway to ending plastic pollution and achieving inclusive, climate-resilient growth.

Ending Plastic Pollution: Why Uganda’s Climate Goals Depend on Sustainable Finance

As we mark this year’s World Environment Day under the theme “Ending Global Plastic Pollution”, we are reminded that the choices we make today as leaders, institutions and individuals will define the
June 5, 2025
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Sanjay Rughani addresses stakeholders at the Standard Chartered Bank-hosted Information and Cyber Security Workshop. To combat cybersecurity risks, he calls for steadfast commitment, for "the stakes are high". "But with proactive strategies and collective action, we can mitigate risks, strengthen financial stability, and unlock the full potential of digital innovation in Uganda and beyond," he argues, adding: “The consequences of failure in cybersecurity are more impactful than ever,” he warned, citing rising data breach costs and growing threats across especially the financial services sector.

OPINION: The Imperative of Information and Cyber Security in the Digital Age

In an era where digital technology has become the backbone of modern business operations, the importance of Information and Cyber Security (ICS) cannot be overstated. As Uganda’s financial sector embraces digital transformation,
March 21, 2025
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