Rédaction Africa Links 24 with The Observer
Published on 2024-02-26 03:24:46
Anne Juuko, the chief executive officer of Stanbic Bank Uganda, has recently been promoted to the position of Standard Bank Group regional head of global markets. This significant career advancement comes after Juuko spent four successful years leading Uganda’s largest bank by assets. She will now be relocating to Nairobi, Kenya to take on her new role.
Juuko took over as CEO of Stanbic Bank Uganda in March 2020, right at the beginning of the COVID-19 pandemic that would go on to impact the economy for the following years. Despite the challenges posed by the pandemic, Juuko proved herself to be a hardworking, innovative, and inspirational leader. She was praised by her staff and superiors, including Patrick Mwehere whom she succeeded, for her dedication and strategic vision.
During her tenure as CEO, Juuko oversaw significant growth at the bank. The 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 by June 2023. Her leadership was instrumental in guiding the bank through turbulent times and positioning it for sustained success in the future.
Samuel Sejjaaka, a former board member of Stanbic Bank and an expert in accounting and academia, commended Juuko’s promotion as a testament to the company’s commitment to nurturing and promoting talent. He highlighted the importance of organizations having a structured approach to succession planning for executive roles, citing Stanbic Bank as a leading example in this regard.
Juuko was also the first CEO of Stanbic Bank Uganda following a transformative restructuring process that established the bank as a standalone entity within the Stanbic Holdings Uganda Ltd group. Under her leadership, the bank recorded impressive financial results, with half-year profits increasing from Shs 134 billion in 2019 to Shs 200 billion in 2023 despite the challenges posed by the pandemic.
With a career in banking that spans over two decades, Juuko has held various leadership positions at prominent financial institutions. She started her career at Citi Bank in Uganda and Kenya, where she served in roles such as head of fixed income, currencies, and commodities, as well as vice president of customer sales and derivatives marketing. She joined Standard Bank Group in 2012 and has since held key positions in different countries within the group, including Namibia and Uganda.
Juuko’s promotion to the role of Standard Bank Group regional head of global markets is a testament to her exceptional leadership skills and strategic acumen. Her career trajectory exemplifies the opportunities for growth and advancement within the financial industry, and she serves as an inspiration to aspiring leaders in the sector. As she embarks on this new chapter in her career, Juuko is poised to make further significant contributions to the financial markets in the region.
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