By Our Reporter
Kampala: Fabian Kasi, the outgoing Chief managing director for Centenary bank, is likely to be replaced by his counterpart Mathias Katamba of dfcu Bank.
Sources reveal that Kasi is soon hanging his boots at Centenary Bank such that he pursue private business ambitions.
His looming departure has however opened wide an opportunity for Katamba, also a seasoned banking expert.
Katamba, who in October last year replaced Juma Kisaame, whose tenure at the bank expired in December 2018, inherited a boat that was in turbulent waters following its controversial acquisition of Crane Bank, which has made it subject to several probes, court cases and scrutiny. Katamba’s appointment became effective on January 2, 2019. (davidsinstruments.com)
But
with less than a year as the head of dfcu Bank, Katamba is reportedly being
looked at as the only potential candidate to replace Kasi at Centenary Bank,
because of his super banking wizardry. Katamba, who possesses massive banking
experience, worked for Housing Finance Bank as Managing Director before joining
dfcu bank.
Prior
to that he had served as Chief Executive Officer (CEO), at Finance Trust Bank
for five years, although he a held other
senior positions in Uganda banking sector. Currently, Katamba is Chairman of
the Uganda Institute of Banking and Financial Services, and also director at
UAP Old Mutual General Insurance Uganda Limited, Private Sector Foundation and
Central Broadcasting Services.
When
he was appointed dfcu CEO, Katamba seemed the right choice to lead the bank which has since come under a lot of scrutiny especially ever since
it took over Crane Bank. The Auditor General described Crane Bank’s takeover by dfcu bank
as a deal that was marred with conflict
of interest, and fears of possible fraud or corruption. However, this hasn’t stopped
Katamba from steering the financial institution into more growth, experience
Centenary is likely to benefit if he joins them.
