KAMPALA, Uganda — Stanbic Bank Uganda Limited has appointed Paul Muganwa as executive director, a role he will hold alongside his current position as head of corporate and investment banking.
The appointment, announced Thursday, follows regulatory approval and expands the number of executive directors on the bank’s board to three.
The move aligns with Stanbic Bank’s strategy to strengthen leadership and enhance financial services in Uganda’s evolving banking landscape.
Who Is Paul Muganwa?
Muganwa brings nearly 20 years of banking experience, having served in leadership roles in both Uganda and South Africa.
His expertise spans multiple banking functions, including corporate finance, risk management, investment banking, and structured finance.
As head of corporate and investment banking, Muganwa has played a pivotal role in driving growth, overseeing large transactions, and strengthening client relationships.
His leadership has contributed to Stanbic Bank’s position as one of Uganda’s top financial institutions.
Strengthening Leadership and Succession Planning
Stanbic Bank Uganda emphasized that Muganwa’s appointment reflects its commitment to building a strong leadership pipeline.
With the financial sector facing rapid changes due to digital transformation, evolving regulations, and shifting economic conditions, banks are prioritizing leadership continuity to maintain stability and competitiveness.
Damoni Kitabire, the board chairman, congratulated Muganwa on his new role, highlighting his expertise and leadership track record.
“We are confident that his vast experience will further strengthen our strategic vision and help us continue delivering innovative banking solutions,” Kitabire said.
Related: Stanbic Bank Uganda Smashes Records: UGX 478 Billion Profit in 2024
The Future of Stanbic Bank Uganda
Stanbic Bank Uganda, a subsidiary of Standard Bank Group, remains the country’s largest commercial bank by assets and market share.
With a focus on digital banking, financial inclusion, and sustainable finance, the bank continues to expand its services across corporate, retail, and investment sectors.
Muganwa’s new role is expected to enhance the bank’s corporate and investment banking division, attracting more institutional clients and boosting Uganda’s economic growth.
His appointment signals the bank’s continued commitment to excellence, leadership development, and client-centric solutions.
