DTB Uganda appoints Godfrey Sebaana new CEO
Sebaana replaces Vargase Thambi, who has been serving in the position since 2007.
Diamond Trust Bank (DTB) Uganda has announced the appointment of Godfrey Sebaana as its new chief executive officer.
Sebaana replaces Vargase Thambi, who has been serving in the position since 2007.
According to the bank’s statement Sebaana’s appointment is effective April 2, 2024.
“The Board of Directors of Diamond Trust Bank Uganda Limited is pleased to announce the appointment of Mr. Godfrey Sebaana as Chief Executive Officer and Managing Director, with effect from April, 2 2024,” the bank stated.
Commenting on Mr. Sebaana’s appointment, Azim Kassam, DTBU board chairman said they were delighted to welcome Sebaana on board.
“I am delighted to welcome Mr. Godfrey Sebaana into the DTB family and look forward to leveraging his rich domestic and regional banking knowledge and expertise to accelerate our future growth,” Kassam said.
Kassam also thanked outgoing CEO, Thambi for growing DTB into one of the most successful and strategically important financial institutions during his 17-year tenure.
During Thambi’s tenure, the bank now has 37 branches across the whole country and its staff complement has grown from less than 60 in 2007 to 680 today, of whom 56 percent are female.
“Whilst the whole DTBU family has contributed to this growth and success, at the centre has been the unstinting effort and unwavering dedication of Mr Thambi," he said.
"He leaves the Bank as it emerges from the industry-wide challenges of the past few years showing huge promise and potential, and on a very strong platform from which to propel itself into the future,” Kassam was quoted saying.
“He takes with him the deep gratitude and very best wishes of the Board, the staff, and the innumerable customers that he and the Bank have supported over the years,” he added.
Who is Sebaana the new DTB CEO
Sebaana is a seasoned Banker with over 20 years’ experience in the banking industry.
He was most recently the Executive Director and Head Corporate, Commercial, and Institutional Banking at Standard Chartered Bank Uganda.
He boasts broad experience in areas ranging from mergers, acquisitions, corporate advisory and financial institutions management, across various industry segments including global and local corporates, SMEs and retail.
A fellow of the Association of Chartered Certified Accountants (ACCA) UK, Sebaana holds a Master in Business Administration (MBA) from Heriot-Watt University Edinburgh Business School.
