Mathias Katamba has been appointed Dfcu Bank’s new Chief Executive Officer.
Katamba, who quit his position as Managing Director at Housing Finance Bank last week replaces the under fire Juma Kisaame whose 11 year stint at Dfcu, comes to an end amidst many observers noting a leadership crisis.
Dfcu has had major changes in this year alone, starting with the exit of CDC Group from the bank’s shareholding, which handed Arise Investments BV majority shareholding.
Arise Investments BV is a consortium of investors comprising of Rabobank, Norfund (NorFinance) and FMO.”
In a statement released Wednesday, dfcu chairman, Jimmy D Mugerwa, said Mr Kisaame had played a key role in assisting Dfcu Limited, the holding company, to realign the shareholding that brought on board strategic partners such as Arise Investments BV.
With over 15 years of experience, 12 of those in management, Katamba finds a bank (Dfcu) that has lately come under scrutiny ever since it acquired Crane Bank Ltd, in a deal that, according to a recent Auditor General report to Parliament, shows conflict of interest, and fears of possible fraud and corruption.
However, Mr Mugerwa said that during Kisaame’s time, he had seen tremendous growth increasing shareholders value, key among which included dfcu becoming the second largest bank in Uganda.
Katamba who replaces Kisaame, was at the helm of Housing Finance for five years and prior to that served as CEO, Finance Trust Bank for five years and has held other senior positions in the financial services sector. He currently also serves as Chairman of the Uganda Institute of banking and Financial services and is a director at UAP Old Mutual General Insurance Uganda Limited, Private Sector Foundation and Central Broadcasting Services.
Katamba holds a Masters in Financial Management from the University of London and has also attended the John F Kennedy School of Education at Harvard University and the Advanced Leadership Programme at the University of Pennsylvania.