Central bank carries out management changes
May 14, 2006
FOLLOWING the need to give the governor more time to handle policy issues in tandem with retirement and restructuring, Bank of Uganda (BOU) has undergone several top management changes since January.
By Kelvin Kizito
FOLLOWING the need to give the governor more time to handle policy issues in tandem with retirement and restructuring, Bank of Uganda (BOU) has undergone several top management changes since January.
“The changes, which comprise new appointments, promotions and mergers were made by the bank’s board,†Juma Walusimbi BOU’s spokesman said.
“The changes will help the bank meet demands and changes in the financial and monetary system and conform to modern corporate trends,†Walusimbi said.
A secretariat function has been created, with three departments: public relations/communications, corporate services and legal and board affairs, all of which will report to a new executive director called bank secretary.
The changes started when President Yoweri Museveni renewed the contract of the governor, Emmanuel Tumusiime Mutebile, for another five years effective January.
On April 30, Dr. Louis Kasekende left BOU, eight months before the expiry of his deputy governor’s term, to become chief economist of the African Development Bank (ADB).
Subsequently, David Opio-Okello, the executive director of finance, was designated by the governor to hold the post of deputy governor until the President appoints, with Parliament’s approval, a substantive deputy governor.
Opio-Okello's appointment resulted into changes in the finance department. Patrick Kagoro, the chief accountant, was appointed acting executive director for finance, and his deputy, Stephen Kabugu, became acting chief accountant.
The transfer of a number of departments from the governor’s office saw the creation of the secretariat function headed by William Kasozi who was bank secretary and secretary to the board at the executive director level.
Janet Kahirimbanyi, the board secretary, retired and was succeeded by Rweyamamu Rwekiza who was elevated to director of board affairs.
Walusimbi’s designation changed to director of communications.
Emmanuel Kalule moved back to the corporate services department as director, making way for Dr. Asiimwe Rwakikiga who became director of security on promotion, having been deputy director of the economic intelligence unit.
The operations function saw several changes. First was the retirement of J.K Wanderema, the executive director, who was succeeded by Elias Byekwaso Kasozi on promotion. Kasozi was director of external operations.
The external and domestic operations departments merged to form a financial markets department.
Ends
FOLLOWING the need to give the governor more time to handle policy issues in tandem with retirement and restructuring, Bank of Uganda (BOU) has undergone several top management changes since January.
“The changes, which comprise new appointments, promotions and mergers were made by the bank’s board,†Juma Walusimbi BOU’s spokesman said.
“The changes will help the bank meet demands and changes in the financial and monetary system and conform to modern corporate trends,†Walusimbi said.
A secretariat function has been created, with three departments: public relations/communications, corporate services and legal and board affairs, all of which will report to a new executive director called bank secretary.
The changes started when President Yoweri Museveni renewed the contract of the governor, Emmanuel Tumusiime Mutebile, for another five years effective January.
On April 30, Dr. Louis Kasekende left BOU, eight months before the expiry of his deputy governor’s term, to become chief economist of the African Development Bank (ADB).
Subsequently, David Opio-Okello, the executive director of finance, was designated by the governor to hold the post of deputy governor until the President appoints, with Parliament’s approval, a substantive deputy governor.
Opio-Okello's appointment resulted into changes in the finance department. Patrick Kagoro, the chief accountant, was appointed acting executive director for finance, and his deputy, Stephen Kabugu, became acting chief accountant.
The transfer of a number of departments from the governor’s office saw the creation of the secretariat function headed by William Kasozi who was bank secretary and secretary to the board at the executive director level.
Janet Kahirimbanyi, the board secretary, retired and was succeeded by Rweyamamu Rwekiza who was elevated to director of board affairs.
Walusimbi’s designation changed to director of communications.
Emmanuel Kalule moved back to the corporate services department as director, making way for Dr. Asiimwe Rwakikiga who became director of security on promotion, having been deputy director of the economic intelligence unit.
The operations function saw several changes. First was the retirement of J.K Wanderema, the executive director, who was succeeded by Elias Byekwaso Kasozi on promotion. Kasozi was director of external operations.
The external and domestic operations departments merged to form a financial markets department.
Ends