PAKASA FORUM – Meet the panelists (Richard Byarugaba)
In preparation for our first Pakasa Forum (#Pakasa13) slated for October 26 in the main auditorium at Kampala Parents School, we are profiling our panelists. Meet National Social Security Fund's Managing Director, Richard Byarugaba.
Richard Byarugaba is a Chartered Certified Accountant
Richard Byarugaba is a qualified accountant with the Association of Chartered Certified Accountants in the United Kingdom. He holds a diploma in management, from Henley Management College, also in the UK. He attended Makerere University
from where he graduated with a degree in Statistics and Economics.
Overtime, Byarugaba has held notable positions majorly Uganda's banking sector where he is highly respected. He started as a banking officer in Standard Chartered Bank in 1983. By 1992, he had risen to Executive Director for Finance in the same bank. Two years later, he got a promotion as the Regional Manager for Finance, responsible for Africa at Standard Chartered Bank's International Headquarters in London, United Kingdom.
In 1997, he returned to Uganda for a job at Nile Bank Limited, a private retail bank then established in 1988. He worked there for a while and he was made the Managing Director in 2003. In 2007, when Barclays Bank bought 100% shareholding in Nile Bank Limited for $27m, it was merged with their existing banking interests in the country to form the existing Barclays Bank (Uganda).
This merger saw Byarugaba move to Baclays Bank (Uganda), as the Chief Operating Officer. Hardly a year later, Global Trust Bank was established and the directors having seen the work Byarugaba had done in the various banks, appointed him Managing Director of the newly created bank.
He was at Global Trust for two years. In 2010, he took up the position of Managing Director and Chief Executive Officer of
National Social Security Fund (Uganda). By the time he left Global Trust Bank, he was the Treasurer of Uganda Bankers Association.
Byarugaba is also known for his charity deeds and has worked with Hospice Africa, Palliative Care Association of Uganda.