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KAMPALA - Diamond Trust Bank Uganda Limited (DTB) has named Godfrey Sebaana as its new Chief Executive Officer and Managing Director.

The appointment is effective April 2nd, 2024.

According to the press statement released on Monday, DTB, the bank sought to leverage Godfrey Sebaana’s two-decade, multi-discipline banking experience that spans global and local corporates, SMEs, and retail banking to continue and accelerate its growth momentum.

“The Board of Directors of Diamond Trust Bank Uganda Limited (DTBU) has named Godfrey Sebaana, a seasoned banker with over twenty years of experience, as its new Chief Executive Officer and Managing Director. Sebaana succeeds Varghese Thambi, who has driven the Bank’s transformation and growth since July 2007,” the bank says in a statement.

Thambi who is retiring from the Bank at the end of March 2024, will remain available for a time afterward to ensure a smooth transition.

Commenting on Sebaana’s appointment, Azim Kassam, the DTBU Board Chairman, said that the Bank is looking forward to building on the legacy left behind by Thambi to accelerate the Bank’s progress on its future growth trajectory.

“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,” said  Kassam.

Sebaana has worked in Uganda and Tanzania and was most recently the Executive Director and Head of Corporate, Commercial, and Institutional Banking at Standard Chartered Bank Uganda.

During his extensive career, he developed a 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.

Sebaana also is a qualified accountant and a fellow of the Association of Chartered Certified Accountants (ACCA) UK and holds a Master in Business Administration (MBA) from Heriot-Watt University Edinburgh Business School.

“Sebaana joins us at a very exciting time, almost halfway through our 5-year, post-COVID business growth strategy that started in 2022, at the core of which is an ambitious and aggressive digitally-driven customer acquisition and retention strategy.

We are very fortunate to have someone of Godfrey’s calibre and top-notch credentials taking over from Mr. Thambi at the helm of the Bank, and we are all very much looking forward to working with him in the months and years,” added Kassam.