Richard Byarugaba

Last updated
Richard Byarugaba
Born1961 (age 62–63)
Uganda
NationalityUgandan
Alma mater Makerere University
(Bachelor of Science in statistics and economics)
Association of Chartered Certified Accountants
(Chartered Certified Accountant)
Henley Management College
Diploma in Management
OccupationBusiness executive
Years active1983 — present
Known forBusiness, management
TitleFormer Managing director and chief executive officer
National Social Security Fund (Uganda)

Richard Patrick Byarugaba is a Ugandan business executive, banker, and entrepreneur. He is the former managing director and chief executive officer of the National Social Security Fund (Uganda), a semi-autonomous retirement pension organisation for non-government employees in Uganda. He served in that capacity from November 2017 until November 2022. [1] [2] [3] He was also listed in 2012 as one of the wealthiest individuals in Uganda. [4]

Contents

Background and education

Byarugaba was born in 1961 in the Western Region of Uganda. He attended Makerere University, Uganda's oldest public institution of tertiary education, graduating with a degree in statistics and economics. He is a qualified accountant with the Association of Chartered Certified Accountants of the United Kingdom (UK). He also holds a diploma in management from Henley Management College, also in the UK. [5] [6]

Work experience

Byarugaba has held various positions over the years, with the majority in Uganda's banking sector. [6] He started as a banking officer at Standard Chartered Uganda (Stanchart), in 1983. By 1992, he had risen to executive director for finance at Stanchart. In 1994, he was transferred to Stanchart's international headquarters in London, as the regional manager for finance, responsible for Africa. [7] He returned to Uganda in 1997, where he joined Nile Bank Limited, a private retail bank. He became managing director of the bank in 2003. In 2007, Barclays, the British financial conglomerate, bought all the shares of Nile Bank Limited for US $27 million (UGX:52 billion). The new owners merged the bank with their existing banking interests in the country to form the existing Barclays Bank (Uganda). Byarugaba moved to Baclays Bank (Uganda) as the chief operating officer. [7]

In 2008, when Global Trust Bank (Uganda) was established, the new owners appointed Byarugaba as managing director of the newly created bank. [8] He held that position until 2010 when he left to become the managing director and chief executive officer of the National Social Security Fund (Uganda). [9]

Byarugaba has also worked with Hospice Africa, the Palliative Care Association of Uganda, and the Uganda Institute of Banking and Financial Services. When he resigned from Global Trust Bank, he was the treasurer of the Uganda Bankers Association. [10]

See also

Related Research Articles

Global Trust Bank (Uganda) Limited (GTBU), commonly referred to as Global Trust Bank (GTBU), was a commercial bank in Uganda which started operations in 2008 and was closed down in 2014. Its headquarters were located in a five-storey building on Kampala Road in the center of Uganda’s capital, Kampala. It was licensed as a commercial bank by Bank of Uganda, the central bank and national banking regulator.

Housing Finance Bank (HFB) is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator.

<span class="mw-page-title-main">National Social Security Fund (Uganda)</span> Quasi-government agency

The National Social Security Fund (NSSF), is a quasi-government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government Retirement Scheme. Participation for both employers and employees is compulsory. The Uganda National Social Security Fund is the largest pension fund in the countries of the East African Community, with total assets of USh18.58 trillion, as of June 2023.

<span class="mw-page-title-main">Uganda Clays Limited</span> Ugandan publicly traded company

Uganda Clays Limited (UCL), commonly referred to as Uganda Clays, is a building materials manufacturer in Uganda. The company manufactures baked clay building products, using Italian-made heavy clay processing machinery. The clay is excavated using surface mining techniques. The company is listed on the Uganda Securities Exchange (USE), being the first equity to list on the exchange in 2000.

<span class="mw-page-title-main">Absa Bank Uganda Limited</span> Commercial bank in Uganda

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. 

Amos Nzeyi is a Ugandan businessman, entrepreneur, and industrialist. He is one of the wealthiest people in Uganda.

<span class="mw-page-title-main">Standard Chartered Uganda</span> Commercial bank in Uganda

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.

<span class="mw-page-title-main">MTN Uganda</span> Largest telecom company in Uganda

MTN Uganda is the largest telecom company in Uganda, with 11.2 million subscribers, accounting for 55 percent market share, as of 30 June 2017. By 31 December 2019, its customer base had increased to 12.6 million customers. In March 2021, the Uganda Communications Commission estimated the number of MTN customers in Uganda at 15 million, out of 28.3 million mobile network subscribers, thereby attaining a 53 percent market share. In May 2024, MTNU registered her 20 millionth customer in the country.

Pension Towers is a building under construction in Kampala, the capital of Uganda and the largest city in that country.

Geraldine Ssali Busuulwa is a Ugandan accountant and business administrator. She serves as the Permanent Secretary in the Uganda Ministry of Trade, Industry and Cooperatives. She was appointed permanent secretary on the 15th of July 2021.

Herman Kizito Kasekende is a Ugandan businessman, economist, and bank executive. He is the managing director and chief executive officer of Stanchart Zambia, effective February 2017. Prior to that, from 22 July 2012 until 20 February 2017, he was the managing director and chief executive officer of Stanchart Uganda, the second-largest commercial bank in the country by assets, which totaled nearly US$965 million in December 2012.

James Isabirye Mugoya, also known as James Isabirye or James Mugoya, is a Ugandan engineer and businessman. He is the founder, owner and chief executive officer of Mugoya Construction Company Limited. In 2012, he was listed as one of the wealthiest individuals in Uganda.

Patrick Michael Ayota is a Ugandan accountant and corporate executive, who is the Managing Director of National Social Security Fund of Uganda, effective 18 August 2023. Between December 2022 and August 2023, he was CEO/Managing Director at NSSF Uganda, in acting capacity. His contract as MD/CEO runs until August 2028.

Sarah Irene Walusimbi is a Ugandan lawyer and who serves as the Corporation Secretary of the National Water and Sewerage Corporation (NWSC).

Agnes Tibayeita Isharaza, is a Ugandan lawyer and corporate executive, who is the Company Secretary and Head of Legal Affairs at Uganda National Social Security Fund, effective 1 April 2019.

NSSF Mbarara Complex, also Mbarara City House, is a building in Mbarara, a city in the Western Region of Uganda.

Mumba Kalifungwa, is a Zambian accountant and corporate executive, who is the managing director and chief executive officer of Absa Bank Uganda Limited, a commercial bank in Uganda, whose assets were valued at US$1.19 billion as of December 2023. He took up this assignment on 1 April 2020.

Nadine Byarugaba, is a Ugandan businesswoman, and management consultant. She is the current chairperson of the board of directors of Absa Bank Uganda Limited, effective 28 July 2020. Before that, from September 2019, she served on the same board, as chairperson in acting capacity, replacing Swithin Munyantwali, who was appointed non-executive director to the board of Absa Group Limited.

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.

Gerald Paul Kasato is a Ugandan accountant, lawyer, and business executive. He is the deputy managing director and deputy chief executive officer of NSSF Uganda, since 21 June 2024. He worked in the same position in acting capacity from August 2023 until June 2024. Before that, he was the chief investment officer (CIO) at the same institution between 2014 and August 2023.

References

  1. ↑ Elizabeth Kamurungi (19 July 2023). "Amongi refuses to renew Byarugaba contract at NSSF". Daily Monitor . Kampala, Uganda. Retrieved 19 August 2023.
  2. ↑ Mwesigwa, Alon (30 October 2014). "Byarugaba's Great Expectations". The Observer (Uganda) . Retrieved 11 December 2014.
  3. ↑ Wakabi, Michael (8 November 2014). "Is Richard Byarugaba Walking A Tightrope At NSSF Uganda?". The EastAfrican (Nairobi). Retrieved 8 November 2014.
  4. ↑ Michael Kanaabi, and Ssebidde Kiryowa (6 January 2012). "The Deepest Pockets". New Vision (Kampala). Retrieved 8 November 2014.
  5. ↑ Musoke, Cyprian (22 July 2010). "Social Security Fund Gets New Boss". New Vision (Kampala). Archived from the original on 2 November 2014. Retrieved 8 November 2014.
  6. 1 2 Vision Reporter (29 October 2014). "Byarugaba Bounces Back As NSSF Boss". New Vision (Kampala). Retrieved 5 March 2015.
  7. 1 2 Bloomberg Research (2015). "Profile of Richard Patrick Byarugaba". Bloomberg L.P. Retrieved 5 March 2015.
  8. ↑ Kajoba, Nicholas (7 December 2008). "Byarugaba Is Global Trust Bank's Managing Director". New Vision (Kampala). Archived from the original on 8 November 2014. Retrieved 8 November 2014.
  9. ↑ Lumu, D. T. (18 March 2011). "New NSSF Boss Begins To Feel Heat". The Observer (Uganda) . Retrieved 8 November 2014.
  10. ↑ Ismail Musa Ladu (11 October 2011). "Byarugaba Advises On Cost of Banking". Daily Monitor . Kampala. Retrieved 8 November 2014.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.