Stanbic Bank's CEO Juuko Heads to Kenya for New Bigger Role

In a remarkable testament to resilience and leadership, Anne Juuko, the Chief Executive Officer of Stanbic Bank Uganda, embarks on a new chapter as the Standard Bank Group's regional head for global markets.

Juuko leaves the position after exactly four illustrious years and will now be heading to Nairobi, Kenya. As CEO, Juuko has set many landmarks at Uganda's largest bank by assets, having taken the top job at the onset of the COVID-19 pandemic that was later to ravage the economy for the next two years.

The 43-year-old has been described as a hard worker, innovative and team leader by her staff and her bosses, including Patrick Mwehere, whom she replaced and became the first female head of the institution.

When she assumed the position in March 2020, the bank’s assets were worth Shs 6.7 trillion and have since grown to Shs 9.4 trillion, while its market capitalization has grown from Shs 1.33 trillion to Shs 1.6 trillion as of June 2023.

Former Stanbic bank board member, accountant and academic, Samuel Sejjaaka described the move as befitting and hailed the company’s policy of growing and giving talent opportunities.

“Dynamic organisations have a policy on changing chief executives...other organisations could pick a leaf!” he said.

Juuko was also the first CEO of the bank under the transformational restructuring that had commenced two years earlier, a move that created the bank as a separate company alongside Stanbic Properties Limited, Stanbic Business Incubator Limited, FLYHUB Uganda Limited, and SBG Securities Uganda Limited, under the group, Stanbic Holdings Uganda Ltd.

When she took over, the bank had made a half-year profit jump to Shs 134 billion in 2019, and despite the effects of the pandemic, half-year results for 2023 show that profits for the period grew to Shs 200 billion.

Having started her banking career in 2001, she served in different positions at Citi bank in Uganda and in Kenya including head of fixed income, currencies and commodities as well as vice president, customer sales and derivatives marketing, respectively, until 2012.

She then joined Standard Bank Group as head of global markets at Stanbic Bank Uganda, heading south in 2018 as head of corporate and investment banking at Standard bank Namibia. In February 2020, she was appointed to head Stanbic Uganda.

February 26, 2024