Standard Bank Group has announced a significant leadership realignment across its Africa Regions portfolio, appointing new Regional Chief Executives (RCEs) to spearhead growth in key markets and drive greater operational…
Standard Bank Group has appointed Andrew Mashanda as the Head, Business and Commercial Banking (BCB), Africa Regions and Offshore, effective April 2025. In this role, Mashanda will lead the Group’s…
The Corporate and Investment Banking (CIB) section of Stanbic Bank Uganda—a member of the Standard Bank Group, has launched a new campaign dubbed, “We believe in here” aimed at underscoring the lender’s commitment to its purpose of ‘driving Uganda’s growth.’ As one of the world’s most entrepreneurial countries, Stanbic Bank believes that supporting the local business community is the best way to drive Uganda’s growth and that what entrepreneurs need is a commercial bank that believes in their dreams. Paul Bitature Muganwa, the CIB Executive Head at Stanbic Bank Uganda said: “Our new campaign—we believe in here” is a rallying…
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In a show of the country’s human capital prowess, Stanbic Bank Uganda, the country’s largest commercial lender, has exported several top banking executives to the rest of Africa in a space of less than five months. Stanbic Bank is a member of the Standard Bank Group—Africa’s largest lender by assets, and operates in twenty countries across the continent. In East Africa, Standard Bank trades as Stanbic and is present in Uganda, Kenya, Tanzania, DRC, and South Sudan. It is led by Ugandan investment banker Patrick Mweheire, who was elevated to Regional Chief Executive for East Africa following a successful term…
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The Standard Bank Group (SBG) Chief Executive Sim Tshabalala and Board Chairman Nonkululeko Nyembezi were reportedly in Uganda for two days, last week, during which they held meetings with different stakeholders including with officials of the Central Bank with whom they discussed the ongoing executive leadership changes at Stanbic Bank. The Standard Bank Group is the majority owner of Stanbic Uganda Holdings Limited (SUHL) the listed entity that operates Stanbic Properties, Stanbic Business Incubator, SBG Securities, FlyHub, and Stanbic Bank—the country’s largest commercial lender. According to inside sources, the Thursday, April 4, 2024 meeting was attended by among others, the…
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Stanbic Bank Uganda has, today announced the appointment of Samuel F. Mwogeza as its Interim Chief Executive, and Barbara Dokoria as Interim Executive Director effective April 1, 2024, until substantive appointments for the positions are made. In a public statement, the bank said that “the interim appointment of Mwogeza, who is currently the Executive Head of Personal and Private Banking (PPB) follows the end of Anne Juuko’s executive tour of duty at the end of this month and subsequent transition to another leadership role as Global Markets Regional Head for East Africa, effective April, 2024”. Dokoria’s interim appointment to the…
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The Standard Bank Group has appointed Ugandan accountant Doreen Rwakatungu Musiime as new Chief Audit Officer (CAO) replacing another countryman, Francis Karuhanga who has since become Chief Executive Stanbic Uganda Holdings Limited (SUHL). Until her elevation to Group CAO, Rwakatungu has been the Head of Internal Audit for Africa Regions within the Standard Bank Group. She is a Chartered Accountant and holds a Bachelor of Science in Electrical Engineering and an MBA. With over 20 years of experience in internal and external audit, mostly in the financial services industry, Rwakatungu joined the Standard Bank Group in 2016 as the Head…
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Stanbic Uganda’s Chief Executive, Anne Juuko will take up her new role as Standard Bank’s Regional Head, Global Markets, this April, CEO East Africa Magazine, can exclusively reveal. According to our insider sources at Stanbic Bank, her new role, although it has been in the corridors and subject to much speculation will be announced next week. It is not yet clear whether her replacement will be announced at the same time. She has been Chief Executive of Stanbic, Uganda’s largest lender, for exactly four years, having assumed leadership in March 2020, at the onset of the Covid-19 pandemic in the…
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Emma Mugisha, the current Executive Director and Head of Business Banking at Stanbic Bank Uganda has been picked by Nigeria’s pan-African Access Bank Plc, for a continental regional role, that we understand, includes overseeing Access Bank Plc’s integration of its recent acquisition on the continent. According to our sources, who decline to be named, “Emma Mugisha, has been recruited as part of the CEO pipeline at Access Group. She will undergo a 6 months robust induction process at the Group in Lagos after which she will be posted to one of the bank’s regions.” Access Bank Plc, recently announced that…
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In a March 2023 interview with Bloomberg, Patrick Mweheire, the Standard Bank Group Regional Chief Executive for East Africa, told of the Group’s ambitions for the Kenyan market, revealing that the Group was looking to make a major acquisition by 2025, a milestone if achieved, would propel Stanbic Kenya to the top three banks in the country. As regional East African Chief, Mweheire’s jurisdiction covers Kenya, Uganda, Tanzania, Ethiopia, Malawi and South Sudan. Standard Bank Group through Stanbic Africa Holdings Limited, owns 70.53% of Stanbic Holdings Plc Kenya, which in turn owns 100% of Stanbic Kenya Limited, alongside other subsidiaries⏤…
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