Arapta elected new chairperson of Uganda Bankers’ Association
The Chief Executive Officer of Citibank, Sarah Arapta has been elected as the new chairperson for Uganda Bankers’ Association (UBA).
Arapta who begins her tenure this May 2022, becomes the first female chairperson of the association.
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UBA is an organization umbrella for financial institutions licensed and supervised by Bank of Uganda.
She replaces Mathias Katamba who has served in the position for two years between 2020 and 2021.
The Citibank CEO was confirmed as the new chairperson of the association at the Annual General Meeting (AGM) held on May 13, 2022.
“We are pleased to announce that members of the Uganda Bankers' Association at the AGM held last Friday, 13th May 2022, elected Ms. Sarah Arapta, CEO, Citibank Uganda as the new chairperson, taking over from Mathias Katamba who served for two years 2020 and 2021,” the association announced on Monday.
Meanwhile, at the AGM, PostBank’s managing director, Julius Kakeeto was also elected vice chairperson of the association.
Other members elected on the Executive Committee include; Shem Kakembo, as treasurer, Raj Kumar Meena, as auditor, Olalekan Sanusi, and James Onyutta, as Committee Members.
Who is Sarah Arapta, the new chairperson of UBA?
Arapta is a businesswoman and corporate executive with over 20 years’ experience in the banking sector.
She is currently the CEO and managing director of Citibank, a position she has held since 2016.
Before joining Citibank, she had served at some of the biggest banks in Uganda in different capacities. She served at Stanbic for a period of nearly five years where she started as head Corporate Banking before becoming the head of Investment Banking.
Prior to joining Citibank, she worked at Barclays Bank now Absa Uganda, where she joined in 2014 as the director of Corporate and Investment Banking. She served there for a period of one year and six months before crossing to Citibank.
Arapta is a holder of Bachelor of Arts in Economics from Makerere University as well as MBA from Herriot-Watt University Edinburgh Business School Scotland.
