Can Katamba save dfcu bank?

Muwanga said there were no guidelines, regulations and procedures or processes for selecting buyers of assets of CBL.

He said that he could not establish how dfcu was picked as a buyer and how terms of the Purchase and Assumption (P&A) agreement were reached.

To make the situation even worse, the Central Bank Governor, Emmanuel Tumusiime Mutebile and his Deputy, Louis Kasekende appeared before the Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) on Nov. 01to answer these queries but was thrown out due to lack of sufficient documents in relation to these transactions.

This controversial transaction was also linked to the surprise resignation of one of the most influential directors on the Crane Bank’s board, Deepak Malik in July 2018.

Board views on Kisaame exit

While representing the views of the dfcu Bank Board of Directors, Jimmy Mugerwa, said in a statement on October 31 that Kisaame has had notable achievements some of which include playing a key role in assisting dfcu limited, the holding company, realign the shareholding that brought on board strategic partners like Arise Investments BV that include Rabobank, Norfund (later NorFinance) and FMO.

He also said Kisaame led the bank’s most successful acquisitions in the banking industry in Uganda including Global Trust (U) Ltd Bank (in liquidation) in 2014 and Crane Bank in 2017.

He also commended the bank executive for his professional and personal commitment during his tenure and his extraordinary leadership that increased shareholders value; growing the balance sheet three-fold to over three trillion Uganda shillings, a customer base of close to one million and a network of 65 branches.

Mugerwa said they believe the new CEO is “well placed to continue the progress of the bank, building on the successes of his predecessor to the benefit of all stakeholders, contributing to the very important business sector in which dfcu operates and to the growth of the Uganda economy as a whole.”

Katamba’s profile

He holds amasters degree in financial management from the University of London, has also attended the John F. Kennedy School of Education at Harvard University and the Advanced Leadership Program at the University of Pennsylvania.

He has over 15 years’ experience in the finance and banking sector. He has vast expertise in strategic management and investor relations, retail banking and strong business acumen.

He is credited for transforming Pride Microfinance Limited from a non-government organization (NGO) into a Tier III Deposit-taking microfinance financial institution (MFI) and the  transformation of Uganda Finance Trust Limited, from a Tier III, Deposit-Taking MFI into a Tier 1 commercial bank, Finance Trust Bank.

Following five years at the helm of Uganda Finance Trust Limited to 2011, he took a break in commercial banking until he was appointed HFB managing director in 2014.

Prior to his last posting, he was Managing Partner and co-founder of Progression Capital Africa (PCA), a US$40million private equity fund based in Mauritius.

He also worked in several capacitiesat various institutions including Orient Bank, Postbank and Barclays Africa.