Julius Kakeeto, is a Ugandan accountant, businessman, and
bank executive. He has served as the
managing director
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
and
chief executive officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
of
PostBank Uganda
PostBank Uganda is a commercial bank in Uganda, licensed and supervised by the Bank of Uganda, the country's central bank and national banking regulator. The bank received her tier-1 banking license in December 2021.
Before that, PostBank Uga ...
since November 2019.
Before that, from 2015 until 2019, he was the managing director and CEO of
Orient Bank, a Ugandan
commercial bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit.
It can also refer to a bank, or a division of a large bank, which deals with cor ...
.
Background and education
Julius Kakeeto was born at
St. Francis Hospital Nsambya in
Kampala
Kampala (, ) is the capital and largest city of Uganda. The city proper has a population of 1,680,000 and is divided into the five political divisions of Kampala Central Division, Kawempe Division, Makindye Division, Nakawa Division, and Ruba ...
, Uganda. He attended
St. Mary's College Kisubi
St. Mary's College Kisubi (SMACK) is a private, boarding middle and high school located in Wakiso District in the Central Region of Uganda. Established in 1906.
Location
The school is in Kisubi along the Kampala–Entebbe Road, approximately , ...
before entering
, in
Nairobi
Nairobi ( ) is the capital and largest city of Kenya. The name is derived from the Maasai phrase ''Enkare Nairobi'', which translates to "place of cool waters", a reference to the Nairobi River which flows through the city. The city proper ha ...
,
Kenya
)
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, largest_city = Nairobi
, ...
, were he obtained his
bachelor's degree
A bachelor's degree (from Middle Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate academic degree awarded by colleges and universities upon completion of a course of study lasting three to six ...
. He holds a
Master of Business Administration
A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...
, from
Manchester Business School
Alliance Manchester Business School (Alliance MBS) is the business school of the University of Manchester in Manchester, England. One of the most prestigious business schools in the United Kingdom, it is also the second oldest in the UK, and pro ...
, in the United Kingdom. He is a Fellow of the
Association of Chartered Certified Accountants
Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA). It has 240,952 members and 541,930 future members worldwid ...
(FCCA) of the United Kingdom. He is also a member of the Institute of Certified Public Accountants of Uganda (ICPAU).
Career
Kakeeto worked with
Ernst & Young
Ernst & Young Global Limited, trade name EY, is a multinational professional services partnership headquartered in London, England. EY is one of the largest professional services networks in the world. Along with Deloitte, KPMG and Pricewaterh ...
from 1998 to 2000. He joined
Citibank Uganda
Citibank Uganda, is a commercial bank in Uganda operating as a wholly owned subsidiary of New York-based Citigroup. It is one of the regulated banking institutions licensed by the Bank of Uganda, the national banking regulator.
Overview
The bank ...
in 2000 rising to the role of Chief Financial Officer in the new subsidiary. Following that, he worked at the headquarters of Citibank's Africa Division in
Johannesburg, South Africa
Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demo ...
. He then transferred to Citibank's offices in
London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...
initially in the Strategy and Planning team before transferring to the Investment Banking Division where he worked as a Vice President focusing on Emerging Markets.
Before joining Orient Bank, he served as the Finance Director at
Equity Bank (Uganda)
Equity Bank Uganda Limited (EBUL), is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. EBUL is a subsidiary of Equity Group Holdings Limited, a financial service conglomerate with ...
. In 2015, he was appointed the Chief Executive Officer at Orient Bank, having headed the institution in an acting capacity since 2014. Since then, he has improved Orient Bank from being the highest loss making bank in Uganda to the top half of the industry.
In 2019, Kakeeto was hired by PostBank Uganda, as the new managing director and chief executive officer, replacing Steven Mukweli who was battling corruption charges.
Since his appointment, he has led a restructuring process to reorganise the operations of the bank resulting in the Central Bank granting PostBank with a Class 1 licence that allows it to operate as a fully fledged Tier 1 commercial bank.
See also
*
List of banks in Uganda
This is a list of commercial banks in Uganda
# ABC Bank Uganda Limited
# Absa Bank Uganda Limited
# Bank of Africa Uganda Limited
# Bank of Baroda Uganda Limited
# Bank of India Uganda Limited
# Cairo Bank Uganda
# Centenary Bank
# Citibank U ...
*
Banking in Uganda
Before Uganda's independence in 1962, the main banks in Uganda were Barclays (UK based); Grindlays (also UK), Standard Bank (South Africa based) and the Bank of Baroda from India. The currency was issued by the East African Currency Board, a Lon ...
*
Economy of Uganda
The economy of Uganda has great potential and appeared poised for rapid economic growth and development. Uganda is endowed with significant natural resources, including ample fertile land, regular rainfall, and mineral deposits.
Chronic politi ...
References
External links
PostBank Uganda Homepage
{{DEFAULTSORT:Kakeeto, Julius
Living people
Alumni of the University of Manchester
Ganda people
Ugandan accountants
Ugandan bankers
Strathmore University alumni
Ugandan businesspeople
Ugandan chief executives
Ugandan business executives
Year of birth missing (living people)
People educated at St. Mary's College Kisubi
People from Central Region, Uganda