Stanbic Bank Uganda’s chief executive officer, Patrick Mweheire, has been elected chairman of the Uganda Banker’s Association, taking over from Fabian Kasi who held the position for three years. Mr Kasi is the managing director of Centenary Bank.
The banker’s association was established in 1981 as an umbrella body for financial institutions. It consists of commercial banks and financial institutions licensed and supervised by Bank of Uganda. The association’s goals are to develop, promote, protect and represent the professional interest of its members, and promote orderly conditions in relation to banking transactions.
Mr Mweheire is an accomplished banker with extensive commercial and investment banking experience. He has previously worked as the head of corporate and investment banking with Stanbic Uganda, managing director of Renaissance Capital in London, as well working with Merrill Lynch & Co in New York as the director for investment banking. He was appointed chief executive of Stanbic Uganda in December 2014.
Other members elected to the UBA executive include Rakesh Jha, the Barclays Bank Uganda chief executive as vice chair, Mathias Katamba, managing director of Housing Finance Bank as treasurer, and Sarah Arapata, the chief executive at Citi Bank, as auditor.
Mr Mweheire’ s election to the position comes at a time the banking sector is going through several transformations such as the recent launch of agency banking and strategic shifts to digital banking.