Julius Kakeeto named new bankers' association chairperson

Seasoned banker, Julius Kakeeto has been elected  the new chairperson of Uganda Bankers’ Association (UBA).

Uganda Bankers' Association (UBA) is an umbrella organisation for financial institutions licensed and supervised by Bank of Uganda.

Kakeeto is currently the managing director of PostBank.

He takes over from Sarah Arapta, the CEO of Citibank, who served from 2021 to 2023.

Kakeeto was the vice chair of UBA before becoming chair.

“I am honored to have been elected the Chairman of UBA. Grateful to the industry and my peers for their trust and confidence in me. Our banking sector has a lot to offer to drive economic growth and prosperity in Uganda and I am eager to contribute to it," Kakeeto said of his election.

The new executive committee of UBA includes Michael Mugabi, Edgar Byamah, Mumba Kalifungwa, Sanjay Rughani, Patricia Ojangole, Shafi Nambobi, and secretary Wilbrod Owor.

Biography

Kakeeto has been serving as the managing director and chief executive officer of PostBank Uganda since November 2019.

Before that, from 2015 until 2019, he was the managing director and CEO of to I&M Bank Uganda (formerly Orient Bank).

Before joining I&M, he served as the Finance Director at Equity Bank (Uganda).

Since his appointment at Post Bank, he has led a restructuring process to reorganise the operations of the bank, resulting in the central bank granting PostBank with a Class 1 licence that allows it to operate as a fully fledged Tier 1 commercial bank.

Kakeeto holds a Master of Business Administration degree from Manchester Business School in the United Kingdom.

He is a Fellow of the Association of Chartered Certified Accountants (FCCA) of the United Kingdom, as well as the Institute of Certified Public Accountants of Uganda (ICPAU).