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dfcu No.2 Ssekabembe declines lucrative KCB offer as MD Kisaame is left in vulnerable position

DFCU Chief of Business & Executive Director Mr William Ssekabembe has declined a lucrative offer at KCB bank to stay at DFCU Bank l (FILE PHOTO)

KAMPALA – William Ssekabembe, the number two in the hierarchy of the dfcu Bank has declined a lucrative offer to take over the position of Managing Director at KCB bank, citing personal reasons.

In a September 5 letter to the head of human resources at KCB bank, Mr Ssekabembe, who is the Chief of Business & Executive Director at dfcu Bank, a job he took over in October 2016 said he had changed his mind and will stay put at the troubled dfcu Bank, which is in the storm of the eye following the controversial takeover of Crane Bank in January 2017.

In a September 5 Letter, William Ssekabembe declines to take the opening of MD at KCB bank

“Despite the very encouraging upward mobility described within the organisation, I think it would be in my best interest to remain employed in my current position at dfcu Bank for private reasons,” Mr. Ssekabembe said in his decline letter.

Mr. Sekabembe was not available by press time but the development lends credence to reports that Mr Ssekabembe will has been positioned to replace dfcu Managing Director Mr Juma Kisaame, who has since come under fire following the botched up takeover of the Crane Bank, that has been faulted by the Auditor General.

Mr Kisaame found himself in the spotlight for his role in the takeover of Crane Bank after directors accused him of not carrying out enough due diligence, an issue that has caused turmoil in the running of the bank and unrest among its shareholders.

The last few months have seen CDC Group Plc, the bank’s second majority shareholder seek to sell their shares. Shortly after the CDC announcement, Deepak Malik, the CEO of Arise B.V; dfcu’s majority shareholder also resigned from the board.

Although dfcu Board officials, led by Elly Karuhanga and Jimmy Mugerwa, the dfcu Limited and dfcu Bank chairmen, respectively have downplayed the changes as normal, industry experts say, the fall out in the aftermath of the takeover of Crane Bank has put the institution in disarray.

Under DFCU Bank MD, Juma KIsaame (FILE PHOTO)

A holder of an MA. Economic Policy and Planning (2002-2004) from Makerere University, Mr Ssekabembe, started his banking career at Standard Chartered Bank in 1999 as a Personal Banker and in July 2001 he crossed over to Barclays Bank as a Prestige Banker. For 9 years at Barclays, he rose through the ranks, becoming Head SME Banking in October 2008 and then was promoted to Head of Branch Distribution in December 2009.

In May 2010, he moved to Stanbic Bank as Head of Products and after one year and seven months, moved to dfcu Bank as Head Consumer Banking in May 2012. He then became the Head – Corporate Banking before being promoted to Chief of Business & Executive Director in October 2016.

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