Deputy ABSA Group chief executive officer Peter Matlare said her appointment will strengthen the value of the bank to shareholders.
Seasoned banker Nadine Byarugaba appointed ABSA Uganda board chairperson, ABSA Group has announced.
Previously, Swithin Munyantwali held the position until September 2019, when she was appointed to the Board of ABSA Group as a Non-Executive Director. Byarugaba has served on the Board since January 2016.
In a statement, deputy ABSA Group chief executive officer Peter Matlare said her appointment will strengthen the value of the bank to shareholders.
"I am delighted to confirm Nadine's appointment as Board Chair of Absa Bank Uganda. Her strategic leadership and seasoned knowledge of the banking sector stands us in good stead as we continue to pursue our ambition and goal to be a leading and trusted African financial services company. I am confident that Nadine's leadership will strengthen our resolve to deliver continued value to our customers and shareholders," Matlare said.
Byarugaba is a seasoned banking professional with experience spanning over 25 years. She is a Board member for New Faces New Voices, a Pan-African Advocacy Group, under the Graca Machel Trust that focuses on expanding the role of women in the financial sector.
She has worked at Standard Chartered Bank in various capacities such as Regional Head, eCommerce Sales, Africa, Head of Global Markets, Head of Internal Control, and systems administrator.
She also serves as a Non-executive Director at Uganda Reinsurance company limited among others.