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Stanbic Bank Uganda Limited yesterday announced the appointment of Paul Muganwa an Executive Director, following regulatory approval.
This new role comes in addition to his existing position as Head of Corporate & Investment Banking (CIB).
His appointment increases the number of Executive Directors to three, alongside Sam Mwogeza, Executive Director of Personal & Private Banking, and Mumba Kenneth Kalifungwa, the Chief Executive Officer.
A Wealth of Experience Driving Growth
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With nearly two decades of experience in banking, both in Uganda and South Africa, Muganwa’s leadership has been crucial in the growth of Stanbic Bank Uganda’s CIB franchise. Under his strategic direction, the bank has strengthened its competitive position in the market over the last three years.
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The Board Chair, Damoni Kitabire, expressed confidence in Muganwa’s appointment, calling it a reflection of the bank’s commitment to strong leadership and succession planning.
“Paul’s appointment is a testament to our commitment to strong leadership and succession planning. His wealth of experience, coupled with exceptional performance and strategic vision, will continue to drive growth and sustain CIB’s market leadership,” Kitabire said.
Chief Executive Mumba Kenneth Kalifungwa also praised Muganwa’s contribution, highlighting his expertise in corporate finance, capital markets, and investment banking. Kalifungwa added, “Paul’s appointment marks an exciting chapter for Stanbic Bank Uganda.
His deep expertise in banking remains an asset to our ability to deliver innovative solutions for our clients.”