Patrick Mweheire is a Ugandan investment banker and bank executive. He is the regional group managing director and regional group chief executive of Standard Bank Group for Eastern Africa. He took up this position on 1 March 2020. Before that, from January 2015, until February 2020, he served as the managing director and CEO of

Stanbic Bank Uganda Limited Stanbic Bank Uganda Limited (SBU) is a commercial bank in Uganda and is licensed by the Bank of Uganda, the national banking regulator. Overview SBU is the largest commercial bank in the country, by assets. As of 31 December 2021, the bank's ...

. the largest commercial bank in the country, by assets and branch list.

Background and education

Mweheire was born in 1970, to an affluent family, with three other siblings. He grew up on Nakasero Hill, arguably one of the most upscale residential neighborhoods 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 ...

, the

capital Capital may refer to: Common uses * Capital city, a municipality of primary status ** List of national capital cities * Capital letter, an upper-case letter Economics and social sciences * Capital (economics), the durable produced goods used f ...

and largest city in Uganda. He attended

Kings College Budo King’s College Budo is a mixed, residential, secondary school in Central Uganda (Buganda). Location The school is located on Naggalabi Hill, in southern Wakiso District, off the Kampala-Masaka Road. This location lies approximately , by road, ...

, for his O-Level and A-Level education, graduating in 1990. In 1990, he enrolled in

Daemen College Daemen University is a private university in Amherst, New York and Brooklyn, New York. Formerly Daemen College and Rosary Hill College, the now-nondenominational school was founded by the Sisters of St. Francis in 1947. As of fall 2020, 2,536 s ...

in upstate

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, graduating in 1994, with a ''magna cum laude'' degree of

Bachelor of Arts Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four years ...

in History and Economics, in 1994, also receiving the President's Medal awarded to the most distinguished student for that graduating year. In 1999, he graduated from

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

with the degree of

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 ...

(MBA).

Career

In 1993, while still an undergraduate, Mweheire interned for three months on

Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for t ...

, at

Prudential Securities Prudential Securities, also formerly known as Prudential Securities Incorporated (PSI), was the financial services arm of the insurer, Prudential Financial. In 2003, Prudential Securities was merged into Wachovia Securities, a division of Wachovi ...

. After graduation in 1994, he was hired as a Financial Analyst in the investment banking division, working there until 1997. Following his MBA studies at Harvard Business School, he was hired by

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...

. He worked in their mergers & acquisitions -- investment banking division from 1999 until 2008, rising from a junior banker all the way to the top. In 2008, he was hired by Renaissance Capital to run their African investment banking unit, based out of

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 ...

, with a presence in 7 African countries. In 2012, he relocated back to Uganda to take up the position of Executive Director and ''Head of Corporate and Investment Banking'' at Stanbic Bank Uganda (SBU). In January 2015, the

Board of Directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

at SBU appointed Patrick Mweheire as managing director and

CEO 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 the bank, replacing

Philip Odera Philip Odera is an economist, businessman and bank executive in Kenya, the largest economy in the East African Community. He is the current designate managing director and chief executive officer of CfC Stanbic Bank Limited, a Kenyan financia ...

, a Kenyan national. Mweheire is the first Ugandan to head the bank since Standard Bank became majority shareholder in 2001. In 2020, Mweheire was appointed Regional Chief Executive for Eastern Africa (managing bank franchises in Kenya, Uganda, Tanzania, Ethiopia and South Sudan), for the Standard Bank Group, based in Nairobi, Kenya. He was replaced at Stanbic Bank Uganda, by another investment banker,

Anne Juuko Anne Juuko (born c. 1981), is a Ugandan investment banker and corporate executive, who is the managing director and chief executive officer of Stanbic Bank Uganda Limited, the largest commercial bank in the country, by assets, valued at US$1.6 ...

Other responsibilities

He is married with one son. He is a fan of Chelsea FC, in the English Premier League.

References

External links

Stanbic Uganda boss heads EA bank units
As of 3 March 2020. {{DEFAULTSORT:Mweheire, Patrick Living people 1970 births People from Western Region, Uganda Ugandan bankers Daemen University alumni Harvard Business School alumni Ugandan chief executives Ugandan expatriates in Kenya

Background and education

Career

Other responsibilities

See also

References

External links