Bank of Uganda Reshuffles Chiefs.
By Amos Ssemuwemba
The Deputy Governor Bank of Uganda Michael Atingi-Ego, has restructured the top leadership of the Central bank following a review by KPMG, a consultancy firm which offers audit,tax and advisory services in over 143 Countries and territories across the globe.
He made the announcement on Tuesday early morning in an internal memo released to the staff, the media and their other social media platforms.
“Following the Board approval of the new organisation structure on 07 May 2024, and in consideration of the skills, qualifications, competencies and experiences. This is to inform you that with effect of 06 August 2024, Heads of Directorate and Department at the rank of Executive Director and Director respectively have been deployed” said Atingi-Ego in a staff memo on Monday August 5, 2024.
Dr Jacob Opolot who has been holding the position of Executive Director and Economic Advisor to the Governor has been appointed Head of operations which runs the currency docket.
David Kalyango who has been serving as the Executive director of Finance, now takes over as Head of Bank supervision, replacing Tumubweine Twinemanzi, who has been transferred to serve as Executive Director National Payment Systems.
Mackayi Owumu now serves as Head Supervision arm of Non-bank financial institutions from Director incharge of National Payment Systems.
Philip Wabulya will now Head Risk and Strategy at the Central Bank from being the Executive director petroleum investment fund and chairman contracts Committee.
In 2023, the Central Bank had plans for the same but rather faced resistance from the staff, who then claimed that the move targeted officials who where loyal to the late Governor Emmanuel-Tumusiime they further claiming that the reshuffle sort to reward those loyal to the Deputy Governor Michael Atingi-Ego.
The claims saw the bank pose the new structure which was supposed to be effected on August 1,2023 to allow the board of directors to review some of the key issues that had been raised by the staff.
Mr Michael Atingi-Ego has however defended the new structure saying that it, was necessary to implement the changes following a review by a consultant firm KPMG. Adding that the same had been suggested by the late Governor, Emmanuel-Tumusiime.
