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Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings Limited (SUHL) has appointed Grace Semakula as the new Chief Executive for SBG Securities Uganda Limited (SBGS) and by that position, an Executive Director on the company Board, effective March 1, 2024.
Semakula who was previously with UMEME succeeds Joram Ongura, the SBG Securities founding Chief Executive who left the role last May. He has a wealth of expertise and experience spanning nearly 20 years of practice in the sectors of Asset Management, Brokerage, and Energy & Infrastructure, 12 of which have been at the Executive and Board leadership level.
Commenting on his appointment, Francis Karuhanga, the SUHL Chief Executive said, “After a long search, we have appointed Semakula from a long list of good candidates. He possesses a diverse skill set that covers financial modeling, private equity, fixed income, equities, and investment banking; his holistic understanding of the financial landscape, coupled with analytical dexterity and strategic acumen, means he has what it takes to lead SBG Securities on the next frontier of growth.”
Grace Semakula said: “I am pleased to join Stanbic Uganda, the leading financial services brand in the country. I am looking forward to making my contribution to its purpose of driving Uganda’s growth in my capacity as Chief Executive – SBG Securities.” SBG Securities which offers Securities and Asset management services, served over 38,000 clients, as of May 2023.
