Stanbic Bank Uganda Elevates Paul Muganwa to Executive Director: A Strategic Move to Reinforce Market Leadership
In a bold step to reinforce its market leadership and future-proof its executive bench, Stanbic Bank Uganda Limited has received regulatory approval for the appointment of Mr. Paul Bitature Muganwa as Executive Director and member of the Board of Directors. This is in addition to his current role as Head of Corporate & Investment Banking (CIB).
Muganwa’s inclusion on the Board signals the bank’s intent to further integrate strategic deal-making and long-term investment thinking into its top-level decision-making an edge that could redefine how Stanbic delivers value to large corporates, institutions, and high-value clients.
The appointment brings the number of Executive Directors at the Bank to three, including Mr. Samuel Fredrick Mwogeza, Executive Director, Personal & Private Banking, and Mr. Mumba Kenneth Kalifungwa, the Chief Executive.
Mr. Muganwa brings nearly two decades of banking experience, having worked in both Uganda and South Africa. His leadership has been pivotal in driving the growth of Stanbic Bank Uganda’s CIB franchise over the last three years, including providing strategic direction which has reinforced the bank’s competitive position in the market.
Known for his sharp analytical mindset and collaborative leadership style, Muganwa has built high-performing teams that have championed some of Uganda’s landmark financial transactions in recent years.
Board Chair Damoni Kitabire expressed confidence in Mr. Muganwa’s appointment, stating, “Paul’s appointment is a testament to our commitment to strong leadership and succession planning. His wealth of experience, coupled with exceptional performance and strategic vision, will continue to drive growth and sustain CIB’s market leadership.”
Chief Executive Mr. Mumba Kenneth Kalifungwa echoed this sentiment, adding, “Paul’s appointment marks an exciting chapter for Stanbic Bank Uganda. His deep expertise in banking, particularly in corporate finance, capital markets, and investment banking, remains an asset to our ability to deliver innovative solutions for our clients.”
As Stanbic Bank evolves to meet the changing needs of its clients and the economy, Muganwa’s appointment to the Board reflects a forward-thinking approach to governance. His proven ability to craft and execute transformative banking strategies will be instrumental as the bank accelerates its mission to drive Uganda’s socio-economic transformation.
This strategic appointment not only strengthens the leadership team but also underscores the bank’s ongoing commitment to building a robust succession talent pool at the executive level.
With Muganwa joining the boardroom table, Stanbic is not just adding a new Executive Director, it’s reinforcing a blueprint for growth, resilience, and sustainable impact in Uganda’s dynamic economy.
