DFCU Bank Appoints William Sekabembe As Interim CEO

By Uganda Online Media

Dfcu bank has replaced Mathias Katamba with William Sekabembe as the interim Chief Executive Officer.

This comes after Katamba quit last week after the expiry of his contract that his bosses declined to renew.

In a notice issued by the bank’s Board Chairman, Jimmy D. Mugerwa, said in the interim, the Executive Director, William Sekabembe, will act in the position of Chief Executive Officer and Managing Director.”

According to Mugerwa, they have already received Katamba’s resignation, and are in the process of finding his replacement.

“The Board of Directors of dfcu Limited informs its shareholders and the public that Mr Mathias Katamba, Chief Executive Officer and Managing Director of dfcu Bank Limited (a subsidiary of dfcu Limited) has tendered in his resignation to the dfcu Bank Board, effective January 31, 2023,” Mugerwa said in a statement.

He added, “The dfcu Bank Board of Directors, has accepted his resignation and is in the process of identifying a replacement,”

Sekabembe is a seasoned banker with 22 years’ banking experience, extensive knowledge in retail and business banking, credit risk management and product development.

He has been serving as the executive director at dfcu since 2016.

Before that, he was the head of development and institutional banking at the bank.

He has worked with several leading financial institutions in Uganda, including as head of products at Stanbic Bank Uganda and head of distribution Barclays Bank Uganda (now Absa Uganda).

He has also had exposure to different markets including; United Arab Emirates, South Africa, Zimbabwe and Kenya.