Julius Kakeeto

Last updated

Julius Kakeeto
Born
Julius C. Kakeeto

1976
Nsambya Hospital, Kampala, Uganda
Alma mater
Occupation(s)Accountant, businessman, & bank executive
Years active1998–present
Title Managing director & Chief executive officer PostBank Uganda

Julius Kakeeto, is a Ugandan accountant, businessman, and bank executive. He has served as the managing director and chief executive officer of PostBank Uganda since November 2019. [1] Before that, from 2015 until 2019, he was the managing director and CEO of Orient Bank, a Ugandan commercial bank. [2]

Contents

Background and education

Julius Kakeeto was born at St. Francis Hospital Nsambya in Kampala, Uganda to Engineer Hillary Kakeeto a civil servant and Maria Goretti Kakeeto. He attended St. Mary's College Kisubi before entering Strathmore University, in Nairobi, Kenya, where he obtained his ACCA. He holds a Master of Business Administration, from Manchester Business School, in the United Kingdom. He is a Fellow of the Association of Chartered Certified Accountants (FCCA) of the United Kingdom. He is also a member of the Institute of Certified Public Accountants of Uganda (ICPAU). He is a graduate of Harvard Business School, AMP Class 206 [1] [3]

Career

Kakeeto worked with Ernst & Young from 1998 to 2000. He joined Citibank Uganda in 2000 rising to the role of Chief Financial Officer in the new subsidiary. Following that, he worked at the headquarters of Citibank's Africa Division in Johannesburg, South Africa. He then transferred to Citibank's offices in London initially in the Strategy and Planning team before transferring to the Investment Banking Division where he worked as a Vice President focusing on Emerging Markets. [4] Before joining Orient Bank, he served as the Finance Director at Equity Bank (Uganda). In 2015, he was appointed the Chief Executive Officer at Orient Bank, having headed the institution in an acting capacity since 2014. Since then, he has improved Orient Bank from being the highest loss making bank in Uganda to the top half of the industry. [4]

In 2019, Kakeeto was hired by PostBank Uganda, as the new managing director and chief executive officer, replacing Steven Mukweli who was battling corruption charges. [4] [5]

Since his appointment, he has led a restructuring process to reorganise the operations of the bank, resulting in the Central Bank granting PostBank with a Class 1 licence that allows it to operate as a fully fledged Tier 1 commercial bank. [6]

See also

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References

  1. 1 2 Kampala Post (12 November 2019). "Meet Julius Kakeeto Post Bank's New Managing Director". Kampala, Uganda: Kampala Post. Retrieved 20 July 2020.
  2. ↑ Uganda Bankers' Association (2014). "Uganda Bankers' Association: CEO's of Member Banks". Kampala: Uganda Bankers' Association. Archived from the original (Archived from the original on 30 January 2015) on 30 January 2015. Retrieved 20 July 2020.
  3. ↑ Majestic Brands (2020). "Biorapy of Julius Kakeeto". Majestic Brands Uganda. Kampala. Archived from the original on 20 July 2020. Retrieved 20 July 2020.
  4. 1 2 3 Muereza Kyamutetera (28 August 2019). "Orient Banks Julius Kakeeto To Head Post Bank". Kampala: CEO Magazine Uganda. Retrieved 21 July 2020.
  5. ↑ Agnes Kihembo (12 May 2019). "Suspended top PostBank managers replaced". Mbarara City, Uganda: Mbararacity.com. Archived from the original on 20 July 2020. Retrieved 21 July 2020.
  6. ↑ Dorothy Nakaweesi (15 December 2021). "Post Bank becomes Uganda's 27th commercial bank". Daily Monitor . Kampala, Uganda. Retrieved 29 January 2022.
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