Patrick Michael Ayota is a Ugandan

accountant An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certifi ...

and

corporate executive Corporate titles or business titles are given to corporate officers to show what duties and responsibilities they have in the organization. Such titles are used by publicly and privately held for-profit corporations, cooperatives, non-profit or ...

, who serves 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 ...

of National Social Security Fund of Uganda, effective 18 August 2023. Between December 2022 and August 2023, he served as CEO/Managing Director at NSSF Uganda, in acting capacity. His contract as MD/CEO runs until August 2028. From 29 October 2017 until August 2023, he served as the Deputy Managing Director of NSSF Uganda. He also concurrently serves as the Chairman of the

New Vision Group The Vision Group of Companies, commonly known as the Vision Group, is a multimedia conglomerate in Uganda. It publishes the New Vision (newspaper), an English-language daily newspaper, that appears in print form and online, as well as newspa ...

, a media conglomerate, partly owned by the

Government of Uganda Uganda is a presidential republic in which the President of Uganda is the head of state and the prime minister is the head of government business. There is a multi-party system. Executive power is exercised by the government. Legislative power is ...

Background and education

He was born in

Tororo District Tororo District is a district in the Eastern Region of Uganda. The town of Tororo hosts the district headquarters. Location Tororo District is bordered by Mbale District to the north, Manafwa District to the north-east, Kenya to the east, Busi ...

, in the Eastern Region of Uganda. He attended local Ugandan schools for his pre-university education. He studied at

Liberty University Liberty University (LU) is a private Baptist university in Lynchburg, Virginia. It is affiliated with the Southern Baptist Conservatives of Virginia (Southern Baptist Convention). Founded in 1971 by Jerry Falwell Sr. and Elmer L. Towns, Liberty i ...

Lynchburg, Virginia Lynchburg is an independent city (United States), independent city in the Commonwealth (U.S. state), Commonwealth of Virginia in the United States. First settled in 1757 by ferry owner John Lynch (1740–1820), John Lynch, the city's populati ...

, in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

, graduating with a

Bachelor of Science A Bachelor of Science (BS, BSc, SB, or ScB; from the Latin ') is a bachelor's degree awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University of ...

degree. Later, he was admitted to the University of South Carolina, at Columbia, graduating with 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 ...

. He is also a

Certified Public Accountant Certified Public Accountant (CPA) is the title of qualified accountants in numerous countries in the English-speaking world. It is generally equivalent to the title of chartered accountant in other English-speaking countries. In the United Sta ...

, and a member of the

Institute of Certified Public Accountants of Uganda The Institute of Certified Public Accountants of Uganda (ICPA Uganda) is a professional body for certified public accountants (CPAs) in Uganda. As of July 2016, total membership was about 2,000 members. Location ICPA Uganda maintains its hea ...

Career

Following his graduate studies, he took up residence in the

Atlanta, Georgia Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...

area in the

. He was employed at its Atlanta offices, by the ''Reznick Group'', which today is CohnReznick, a large international accounting firm. In 2007, Ayota returned to Uganda and took up employment as the Head of Finance at Barclays Bank of Uganda (today

Absa Bank Uganda Limited Absa Bank Uganda Limited, formerly known as Barclays Bank of Uganda Limited, is a commercial bank in Uganda. It is licensed by the Bank of Uganda, the central bank and national banking regulator. The bank is a subsidiary of Absa Group Limited, a ...

). In 2010 Ayota left Barclays Bank and was hired by the National Social Security Fund of Uganda (NSSF Uganda), as the Chief Finance Officer. In a search for new top management at NSSF Uganda, in June 2014, Ayota scored the highest marks for Deputy Managing Director. However, with the intervention of president

Yoweri Museveni Yoweri Kaguta Museveni Tibuhaburwa (born 15 September 1944) is a Ugandan politician and retired senior military officer who has been the 9th and current President of Uganda since 26 January 1986. Museveni spearheaded rebellions with aid of then ...

, a different top team was hired and Ayota remained Head of Finance at the institution. In October 2017, further changes were made to the NSSF Board and Ayota was named as substantive Deputy Managing Director.

Other considerations

During his stay in the United States, Patrick Ayota was an active member of the Ugandan community in North America, serving as Chief Financial Officer of the Ugandan North American Association (UNAA), from 2001 until 2002, and as the Chairman of the UNAA Electoral Commission in 2005. Effective 2016, he sits on the board of directors of the

, as a non-executive director. He also sits on the board of

Housing Finance Bank Housing Finance Bank (HFB) is a commercial bank in Uganda. It is one of the commercial banks licensed by Bank of Uganda, the national banking regulator. Overview HFB is a full service retail bank that is primarily involved in mortgage banking. ...

, Uganda's mortgage lender, where NSSF Uganda has 50 percent shareholding, also as a non-executive director.

References

External links

Website of NSSF Uganda
{{DEFAULTSORT:Ayota, Patrick Living people 1960 births Teso people Itesot people Ugandan accountants Liberty University alumni University of South Carolina alumni People from Tororo District Ugandan business executives

Background and education

Career

Other considerations

See also

References

External links