Richard Patrick Byarugaba is a Ugandan business executive, banker, and entrepreneur. He is the former managing director 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 the National Social Security Fund (Uganda), a semi-autonomous retirement pension organisation for non-government employees in Uganda. He served in that capacity from November 2017 until November 2022. He was also listed in 2012 as one of the wealthiest individuals in Uganda.

Background and education

Byarugaba was born in 1961 in the Western Region of Uganda. He attended

Makerere University Makerere University, Kampala (; Mak) is Uganda's largest and oldest institution of higher learning, first established as a technical school in 1922. It became an independent national university in 1970. Today, Makerere University is composed of ni ...

, Uganda's oldest public institution of tertiary education, graduating with a degree in statistics and economics. He is a qualified accountant with 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 ...

of the United Kingdom (UK). He also holds a diploma in management from

Henley Management College Henley Business School is a business school which now forms part of the University of Reading. It was formed by merging the previously independent Henley Management College (formerly the Administrative Staff College) with the existing business ...

, also in the UK.

Work experience

Byarugaba has held various positions over the years, with the majority in Uganda's banking sector. He started as a banking officer at Standard Chartered Uganda (Stanchart), in 1983. By 1992, he had risen to executive director for finance at Stanchart. In 1994, he was transferred to Stanchart's international headquarters in London, as the regional manager for finance, responsible for Africa. He returned to Uganda in 1997, where he joined

Nile Bank Limited Nile Bank Ltd was a private bank registered in Uganda, with shareholders from Uganda, Israel, and South Africa. Nile Bank has an emphasis on consumer banking. History Nile Bank was established in 1988 for the purposes of providing banking servi ...

, a private retail bank. He became managing director of the bank in 2003. In 2007,

Barclays Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

, the British financial

conglomerate Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Co ...

, bought all the shares of Nile Bank Limited for US $27 million (UGX:52 billion). The new owners merged the bank with their existing banking interests in the country to form the existing Barclays Bank (Uganda). Byarugaba moved to Baclays Bank (Uganda) as the

chief operating officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if t ...

. In 2008, when

Global Trust Bank (Uganda) Global Trust Bank (Uganda) Limited (GTBU), commonly referred to as Global Trust Bank (GTBU), was a commercial bank in Uganda which started operations in 2008 and was closed down in 2014. Its headquarters were located in a five-storey building on K ...

was established, the new owners appointed Byarugaba as managing director of the newly created bank. He held that position until 2010 when he left to become the managing director and chief executive officer of the National Social Security Fund (Uganda). Byarugaba has also worked with Hospice Africa, the Palliative Care Association of Uganda, and the Uganda Institute of Banking and Financial Services. When he resigned from Global Trust Bank, he was the treasurer of the Uganda Bankers Association.

References

External links

Website of National Social Security Fund (Uganda)

{{DEFAULTSORT:Byarugaba, Richard 1961 births Living people Makerere University alumni Ugandan accountants Ugandan bankers Alumni of Henley Management College People from Western Region, Uganda Ugandan statisticians Ugandan chief executives Chief operating officers Ugandan businesspeople Ugandan business executives

Background and education

Work experience

See also

References

External links