Absa Bank Uganda has announced that David Wandera has been appointed interim Managing Director in a position left behind after Mumba Kalifungwa was appointed as new Stanbic Bank Uganda CEO.
The announcement of Wandera was announced on Monday.
He brings over 20 years of experience in the banking sector, with a strong track record in leadership, strategic initiatives,
and financial management.
Wandera has a deep understanding of treasury and markets management, accounting, and financial risk management, making him exceptionally well-equipped to lead the bank during this transition period.
He has most recently held the positions of Executive Director and Head of Markets, in which roles he has consistently
delivered excellent results and built valuable relationships with key stakeholders.
Wandera is a Chartered Accountant (FCCA-UK) and holds a Master’s in International Finance from the University of Leeds.
His extensive experience and qualifications assure us that the bank's leadership remains in capable hands.
Absa Bank Uganda Limited is currently ranked the third largest bank in Uganda by assets and profitability with a loan book worth shs1.78 trillion, shs2.9 trillion worth of customer deposits, and a profit after tax of shs146 billion as at December
2023.
Absa acting Board Chairperson, George Wesonga Opiyo said, “The process of appointing a substantive Managing Director
is underway is underway and the bank will ensure there is a smooth transition to the new leadership."
