The board of directors of Stanbic Bank Uganda has appointed Ms Anne
Juuko as new chief executive officer replacing Mr Patrick Mweheire, who
has been promoted to the position of regional chief executive, Standard
Bank Group.
In a statement issued this afternoon, the board of
directors said both Mr Mweheire and Ms Juuko will be assuming their new
roles on March 1st 2020.
“Mr Patrick’s exemplary leadership has
steered the growth and success of Stanbic Bank as the largest commercial
bank in Uganda and sustained the bank’s leadership position in the
market. Patrick has been instrumental in the transformation of the
organisation and remains influential in contributing to the growth of
the financial sector in Uganda and across the East African Region,” the
board of directors said.
With the said change, the board of directors
said Ms Juuko brings on board a wealth of experience in the financial
industry with regionally and global expertise in banking for 20 years.
She
has been a part of the Standard Bank Group for over eight years having
joined as head of Global Markets for Stanbic Bank Uganda and was later
appointed head of Corporate and Investment Banking at Standard Bank,
Namibia.
Ms Juuko holds a Bachelor of Commerce degree from Makerere
University in Kampala, Uganda and a master’s degree in Strategic
Planning from the Herriot Watt Business School in Edinburgh, Scotland.
Ms
Juuko started her banking career in 2001, and worked in various roles
before being appointed as Vice President, Head Fixed Income, Currencies
and Commodities at Citibank Uganda Limited and was later seconded to
Citibank Kenya as Vice President, Customer Sales and Derivatives
Marketing. She later joined Stanbic Bank in 2012.
“Throughout her
career, Ms Juuko has exhibited exemplary performance, winning the highly
coveted accolades such as the Primary Dealer of the Year award for six
consecutive years. She has also demonstrated exceptional leadership and
stellar performance that will see her set to achieve Stanbic Bank
Uganda’s strategy and vision,” the statement reads in part.
In
his new regional position, Mr Mweheire will be responsible for Standard
Bank Group’s growth strategy in East Africa which comprises Kenya,
Uganda, Tanzania, South Sudan and Ethiopia.
During his six years as
CEO of Stanbic Bank Uganda, Mweheire’s leadership saw the bank’s profit
rise to Shs135 billion in 2014 up from Shs101 billion in 2013. In 2015,
the bank made a profit of Shs150 .759 billion, and in 2016 the profit
was Shs191 billion. In 2017 the profit rose to Shs200 billion and in
2018 the profit was Shs215 billion.
During his reign, the bank, as of 2018 was commanding a market share of 20 per cent.
Mweheire
also saw growth in bank’s assets, its loan book, growth in customer
deposits, efficiency, and cost under control and credit risks as well as
improved connectivity (digitalisation).
