Anne Juuko, the Chief Executive Officer of Stanbic Bank Uganda, is poised to leave her position after an accomplished four-year tenure to assume a new role within the Standard Bank Group. News has surfaced indicating that she will relocate to Nairobi, Kenya, to take on the position of Regional Head, Global Markets.
During her tenure, Ms. Juuko has left an indelible mark on Uganda’s largest bank by assets. Notably, she assumed the CEO role amidst the onset of the COVID-19 pandemic, which significantly impacted the economy for the subsequent two years.
Throughout her leadership, Juuko has been commended for her diligence, innovation, and effective team leadership. She succeeded Patrick Mwehere to become the first female head of the institution, showcasing her trailblazing career trajectory.
Under Juuko’s stewardship, Stanbic Bank Uganda has witnessed significant growth. Bank assets have surged from 6.7 trillion Shillings to 9.4 trillion, and market capitalization has increased from 1.33 trillion to 1.6 trillion Shillings as of June 2023.
Samuel Sejjaaka, a former Stanbic Bank Board Member and academic, lauds Juuko’s impending move, highlighting the company’s commitment to nurturing talent and providing growth opportunities. He notes that dynamic organizations prioritize CEO transitions, suggesting that others should follow suit.
Juuko’s leadership at Stanbic Bank Uganda coincided with a period of transformative restructuring within the institution. She spearheaded the bank’s evolution into a separate entity under the umbrella of Stanbic Holdings Uganda Ltd., alongside other subsidiaries like Stanbic Properties Limited and Stanbic Business Incubator Limited.
Upon assuming her role in February 2020, Juuko inherited a bank that had already demonstrated financial prowess, with profits soaring to 134 billion Shillings in 2019. Despite the challenges posed by the pandemic, the bank’s resilience is evident, with half-year profits for 2023 climbing to 200 billion Shillings.
Juuko’s extensive banking career spans over two decades, starting in 2001 with positions at Citi Bank in Uganda and Kenya. Her roles included Head of Fixed Income, Currencies, and Commodities, as well as Vice President of Customer Sales and Derivatives Marketing. She later transitioned to Standard Bank Group, where she held leadership roles in Uganda and Namibia before assuming the helm at Stanbic Uganda in 2020.
