Juma Kisaame is succeeded by Mathias Katamba, who joined the bank in January 2019
Industry

Juma Kisaame officially relinquishes dfcu Bank top job

After 20 years as dfcu Bank managing director and chief executive officer, Juma Kisaame has officially handed over office to Matthias Katamba.

Juma Kisaame handed over to the new CEO during a send-off dinner held at the Kampala Serena Hotel February 1.

Speaker of Parliament Rebecca Alitwala Kadaga who graced the dinner commended Kisaame for his incredible contribution to the bank, the business sector particularly the women entrepreneurs and the country’s financial sector. She implored him to continue with the same passion as he joins the private sector.

Juma Kisaame joined dfcu Limited, the holding company, in 1992 as Head of Finance and held several senior positions before being appointed as managing director for dfcu Bank in 2007 – a position he held for 11 years till the board announced his retirement plans at the end of 2018.

In his address, dfcu Bank board chairman Jimmy D. Mugerwa noted that Kisaame played big role towards the bank’s transformation.

“Under Juma Kisaame’s leadership, we witnessed the transformation of dfcu from a mid-size bank to the second largest bank in Uganda, something achieved by Kisaame’s willingness to acquire banks in distress and manage a seamless migration of customer accounts and immediate access to their money,” he explained

He said under the leadership of the outgoing CEO, dfcu   customers have benefited from his faith and belief in growing small businesses by giving them appropriate financial instruments and seeing them transform into successful enterprises.

Mugerwa went on to express his appreciation to Kisaame for his professional and personal commitment during his tenure as CEO and his extraordinary leadership that resulted in increased shareholder value; three-fold balance sheet growth to over Shs3 trillion, liquid assets of over Shs1.26 trillion, customer deposits of over 1.9 trillion and total equity in excess of over Shs450 billion.

Kisaame is succeeded by Mathias Katamba, who joined the bank in January 2019 from Housing Finance Bank, with over 15 years’ experience in the Finance & Banking sector, 12 of which have been at C-Suite level.

Mathias Katamba assured customers that dfcu would continue working towards becoming a market leader.

“We will continue walking with you and as the world keeps evolving and transforming and your children take over your businesses and carry on your legacies, dfcu will evolve and transform to serve them and continue making more possible,” he said.

BY SAMUEL NABWIISO