Patrick Mweheire, the Chief Executive of Stanbic Bank, Uganda’s largest commercial Bank has been elected the new Chairman of the Uganda Bankers Association (UBA).
He takes over from Fabian Kasi who held the position for the past three years.
Mweheire is an accomplished banker with extensive commercial and investment banking experience having previously worked as the Head of Corporate and Investment Banking with Stanbic Uganda, MD 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 on the UBA Executive include Rakesh Jha, the CEO of Barclays Bank Uganda as Vice Chair, Mathias Katamba, the CEO of Housing Finance Bank as treasurer and Sarah Arapata the CEO of Citi Bank as Auditor.
Established in 1981 as an Umbrella Body, UBA membership consists of commercial banks and financial institutions licensed and supervised by Bank of Uganda. The association was formed to develop, promote, protect and represent the professional interest of its members and promote orderly conditions in relation to banking transactions.
Mweheire’s election to the position comes at an exciting time for the sector with the recent launch of agency banking, a development which is expected to drive financial inclusion and give the sector a major boost.