Executive Profile: Patrick Mweheire

CEO, Stanbic Bank (Uganda) Ltd (since January 2015)

Mweheire, 48, is the first Ugandan to head Stanbic Bank since 2002 when Standard Bank became majority shareholder. He joined the bank in June 2012 as head of the Corporate and Investment Banking Division – a position for which he negotiated to have a much bigger role, and had coverage across Uganda, Ethiopia, Rwanda, Tanzania and Kenya. During his time in charge, the unit doubled its revenue from Shs95 billion to more than Shs190 billion.

Prior to joining Stanbic Bank, Mweheire worked for several reputable financial institutions in London and New York. He joined Prudential Securities as an associate in the Mergers and Acquisition department in 1994, soon after graduating from Daemen College, New York, with a BA in History and Economics. He left Prudential in 1997 for Harvard Business School, where he earned an MBA. He then joined Merrill Lynch and Co in New York and worked in the investment banking division for nine years.

His last posting before Stanbic was Renaissance Capital in London where he was managing director in charge of investment banking for four years. Mweheire’s first year in charge of Uganda’s largest bank (by assets and market capitalisation) saw net profits increase by 11.6% to Shs150.8 billion from Shs135.1 billion in 2014.

Other board memberships: In Movement, Uganda Bankers Association (Chair)