By Sekaggya Seka Moses
Kampala, Uganda – In a significant move, the Deputy Governor of the Bank of Uganda, Michael Atingi-Ego, has announced a major reshuffle of the central bank’s top brass, effective August 6, 2024.
The changes, approved by the Board on May 7, 2024, aim to optimize the bank’s structure and utilize the skills, qualifications, and experience of its staff. Key transfers include:
- Twinemanzi Tumubwine, former Executive Director of Bank Supervision, now heads the National Payments Systems department.
- David Kalyango, previously Executive Director of Finance, takes over as head of Bank Supervision.
- Mackay Aomu, former Director of National Payments Systems, now leads the supervision of non-bank financial institutions.
- Dr. Jacob Opolot, Executive Director and Economic Advisor to the Governor, assumes the role of head of Operations.
- Phillip Wabulya, former Executive Director of the Petroleum Investment Fund, now heads Risk and Strategy.
New structure of BoU below:
The restructuring follows a year-long resistance from staff, who argued that the changes targeted officials loyal to the late Governor Emmanuel-Tumusiime Mutebile.
However, the bank maintains that the new structure is based on a review by KPMG and was even suggested by the deceased governor.
The Deputy Governor assured that vacant positions will be filled competitively in due course and that the bank will handle the transitions administratively.
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