Anthony Kituuka has been appointed the new Managing Director for Equity Bank. He is replacing Samuel Kirubi who has served the Bank for five years.
Kituuka, who was unveiled to the staff in Kampala on Monday, has served as the Executive headed the bank Director of the Ugandan subsidiary of the Kenya-based Equity Group Holding PLC since 2016.
The announcement, which was made by the Board of Directors, follows the promotion of Samuel Kirubi who was the Managing Director to the position of Group Chief Operating Officer at the Equity Group Holdings Plc. Mr Mark Ocitti Chairman Equity Bank Uganda while welcoming Mr Kituuka noted that they were confident that his experience in banking and the corporate world will enable him to lead the bank to scale and serve more people in pursuit of their purpose of transforming lives, giving dignity, and expanding opportunities for wealth creation.
“We are happy to announce the appointment of Anthony Kituuka as the new Managing Director of Equity Bank Uganda with immediate effect subject to Bank of Uganda approval. We are confident that Anthony will build on his institutional knowledge and the work together with his immediate predecessor and Equity Uganda staff to push Equity Uganda to the next level of growth” said Ocitti.
Kituuka is a career banker with over fifteen years of experience. He holds an MBA in Oil and Gas from Middlesex University, London and a Bachelor’s Degree in Statistics and Applied Economics from Makerere University, Uganda among others.
“On behalf of the Board, we thank Samuel Kirubi for his leadership that saw Equity Bank Uganda turnaround and grew to be the 6th largest bank in deposits and assets and move from position 16 to the 5th most profitable bank in Uganda in a record seven years,” added Mr Ocitti.
