Patrick Mweheire | |
---|---|
Born | Patrick Mweheire 1970 (age 53–54) |
Nationality | Ugandan |
Alma mater | Daemen College (BA in History & Economics) Harvard Business School (Master of Business Administration) |
Occupation | Bank Executive |
Years active | 1994–present |
Title | |
Spouse | 1 |
Patrick Mweheire is a Ugandan investment banker and bank executive. He is the regional group managing director and regional group chief executive of Standard Bank Group for Eastern Africa. He took up this position on 1 March 2020. [1]
Before that, from January 2015, until February 2020, he served as the managing director and CEO of Stanbic Bank Uganda Limited. [2] the largest commercial bank in the country, by assets [3] and branch list.
Mweheire was born in 1970, to an affluent family, with three other siblings. He grew up on Nakasero Hill, arguably one of the most upscale residential neighborhoods in Kampala, the capital and largest city in Uganda. He attended Kings College Budo, for his O-Level and A-Level education, graduating in 1990. In 1990, he enrolled in Daemen College in upstate New York, graduating in 1994, with a magna cum laude degree of Bachelor of Arts in History and Economics, in 1994, also receiving the President's Medal awarded to the most distinguished student for that graduating year. In 1999, he graduated from Harvard Business School with the degree of Master of Business Administration (MBA). [4]
In 1993, while still an undergraduate, Mweheire interned for three months on Wall Street, at Prudential Securities. After graduation in 1994, he was hired as a Financial Analyst in the investment banking division, working there until 1997. Following his MBA studies at Harvard Business School, he was hired by Merrill Lynch. He worked in their mergers & acquisitions -- investment banking division from 1999 until 2008, rising from a junior banker all the way to the top. In 2008, he was hired by Renaissance Capital to run their African investment banking unit, based out of London, with a presence in 7 African countries. In 2012, he relocated back to Uganda to take up the position of Executive Director and Head of Corporate and Investment Banking at Stanbic Bank Uganda (SBU). [4] In January 2015, the Board of Directors at SBU appointed Patrick Mweheire as managing director and CEO of the bank, replacing Philip Odera, a Kenyan national. Mweheire is the first Ugandan to head the bank since Standard Bank became majority shareholder in 2001. [5] [6]
In 2020, Mweheire was appointed Regional Chief Executive for Eastern Africa (managing bank franchises in Kenya, Uganda, Tanzania, Ethiopia and South Sudan), for the Standard Bank Group, based in Nairobi, Kenya. He was replaced at Stanbic Bank Uganda, by another investment banker, Anne Juuko. [1]
He is married with one son. He is a fan of Chelsea FC, in the English Premier League. [4]
Before Uganda's independence in 1962, the main banks in Uganda were Barclays ; Grindlays, Standard Bank and the Bank of Baroda from India. The currency was issued by the East African Currency Board, a London-based body. In 1966, the Bank of Uganda (BoU), which controlled the issue of currency and managed foreign exchange reserves, became the central bank and national banking regulator. The government-owned Uganda Commercial Bank and the Uganda Development Bank were launched in the 1960s. The Uganda Development Bank is a state-owned development finance institution, which channeled loans from international sources into Ugandan enterprises and administered most of the development loans made to Uganda.
I&M Bank Uganda, formerly Orient Bank, whose complete name is I&M Bank (Uganda) Limited, is a commercial bank in Uganda which is licensed by the Bank of Uganda (BOU), the central bank and national banking regulator.
Stanbic Bank Uganda Limited (SBU) is a commercial bank in Uganda and is licensed by the Bank of Uganda, the central bank and national banking regulator.
Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a financial services conglomerate, based in South Africa, with banking subsidiaries in 12 African countries and representative offices in two other African countries. Absa Bank Group, whose shares trade on the JSE Limited, was reported to have total assets in excess of US$91 billion, as of October 2019.
Standard Chartered Uganda, whose official name is Standard Chartered Bank Uganda Limited but is often referred to as Stanchart Uganda, is a commercial bank in Uganda. It is one of the banks licensed by the Bank of Uganda, the central bank and national banking regulator.
NCBA Bank Kenya, whose full name is NCBA Bank Kenya Plc, is a commercial bank in Kenya. It is licensed by the Central Bank of Kenya, the country's central bank and national banking regulator.
NCBA Bank Uganda Limited, is a commercial bank in Uganda. It is one of the commercial banks licensed by the Bank of Uganda, the country's central bank and national banking regulator.
Stanbic Holdings Plc, formerly known as CfC Stanbic Holdings Limited, is a financial services organization in Kenya. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan. Stanbic Holdings is a member of the Standard Bank Group, a financial services giant based in South Africa. The institution is licensed and governed by the Central Bank of Kenya, the national banking regulator.
Equity Group Holdings Limited (EGHL), formerly Equity Bank Group, is a financial services holding company based in the African Great Lakes region. EGHL's headquarters are in Nairobi, Kenya, with subsidiaries in Kenya, Uganda, Tanzania, South Sudan, Rwanda, Democratic Republic of the Congo and a representative office in Ethiopia.
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. Before that, from 2015 until 2019, he was the managing director and CEO of Orient Bank, a Ugandan commercial bank.
Philip Odera is an economist, businessman and bank executive in Kenya, the largest economy in the East African Community. He is the current designate managing director and chief executive officer of CfC Stanbic Bank Limited, a Kenyan financial institution, with total assets valued at approximately US$2 billion, as of December 2013. Prior to that, from 2007 until 2014, he served as the CEO and managing director of Stanbic Bank Uganda, the largest commercial bank in Uganda.
Joshua Nyamweya Oigara is Kenyan businessman, accountant and corporate executive and the current chief executive officer Stanbic Bank Kenya and South Sudan starting November 2022. He is the immediate former Group chief executive officer of the Kenya Commercial Bank Group. He served in that position from 1 January 2013. until 25 May 2022.
Apollo Nelson Makubuya is a Ugandan corporate lawyer and author, who serves as the chairperson of the board of directors at Equity Bank Uganda Limited, one of Uganda's commercial banks. He was appointed to that position in March 2017.
Sarah Arapta, is a businesswoman and corporate executive in Uganda, the third-largest economy in the East African Community. She is the managing director and chief executive officer (CEO) of Citibank Uganda, a financial service provider, licensed as a commercial bank by the Bank of Uganda, the central bank and national banking regulator.
Anne Juuko, is a Ugandan investment banker and corporate executive, who was appointed by Standard Bank Group as the Regional Head of Global Markets in the group's Eastern African region, covering South Sudan, the Democratic Republic of the Congo, Uganda, Kenya, Tanzania, Malawi and Zambia. Her appointment took effect on 1 April 2024. Her work station is located in Nairobi, Kenya. Before that, from 1 March 2020 until 31 March 2024, she was the managing director and chief executive officer of Stanbic Bank Uganda Limited, the largest commercial bank in the country, by assets, valued at US$1.6 billion as of June 2019. She took up this appointment on 1 March 2020.
Grace B. Muliisa, is a Ugandan banker and corporate executive, who in August 2021, was appointed as the managing director and chief executive officer of Ecobank Uganda Limited, a commercial bank in the country. Prior to that, she was the Head Personal and Business Banking at Stanbic Bank Uganda Limited, the largest commercial bank in Uganda by assets.
Sam Ntulume,, is a Ugandan accountant, businessman and incumbent executive director at I&M Bank Uganda, who concurrently serves as the chief operating officer at that commercial bank. He has been at I&M Bank Uganda, since November 2021.
Immaculate Irumba Komuhangi, commonly known as Immaculate Irumba, is a Ugandan banker and corporate executive, who works as the chief operating officer (COO) of Cairo Bank Uganda, a commercial bank in the country. Prior to that, she was the senior projects manager at Housing Finance Bank, another commercial bank.
Anthony Kituuka is a Ugandan accountant, business executive and banker. He is the managing director and chief executive officer of Equity Bank Uganda, a commercial bank in that country, effective November 2022.
Annastacia Kimtai is a Kenyan banker, businesswoman and corporate executive, who serves as the managing director and chief executive officer of KCB Bank Kenya Limited, the Kenyan subsidiary of the KCB Group, a large multinational financial services conglomerate headquartered in Kenya with banking subsidiaries in the seven member countries of the East African Community.