By THE OBSERVER UG
Stanbic Bank Uganda’s CEO, Anne Juuko, has been promoted to the position of Standard Bank Group regional head for global markets. After four years of leading Uganda’s largest bank by assets, Juuko will now be based in Nairobi, Kenya.
Juuko assumed the role of CEO in March 2020 at the onset of the COVID-19 pandemic and has since been credited as a hard worker, innovator, and effective team leader. She succeeded Patrick Mwehere, becoming the first female head of the institution.
During her tenure, Stanbic Bank’s assets increased from Shs 6.7 trillion to Shs 9.4 trillion, and its market capitalization rose from Shs 1.33 trillion to Shs 1.6 trillion as of June 2023. This growth occurred amidst the economic challenges posed by the pandemic.
Samuel Sejjaaka, a former Stanbic bank board member, accountant, and academic, praised the move and commended the company’s policy of providing opportunities for talent to grow.
Juuko took on the role of CEO during a period of transformational restructuring that separated the bank as a distinct entity within Stanbic Holdings Uganda Ltd. Under her leadership, the bank achieved a half-year profit jump from Shs 134 billion in 2019 to Shs 200 billion in 2023, despite the pandemic’s impact.
Juuko began her banking career in 2001 and held various positions at Citi bank in Uganda and Kenya until 2012. She joined Standard Bank Group as head of global markets at Stanbic Bank Uganda, later moving to Standard Bank Namibia as head of corporate and investment banking in 2018. In February 2020, she assumed the role of CEO at Stanbic Uganda.
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