Equity Bank Uganda, a subsidiary of the formidable Equity Group, has announced the appointment of Claver Serumaga as its new Executive Director a strategic move aimed at accelerating growth and deepening the bank’s digital footprint across Uganda.
This key leadership addition reflects the bank’s strong commitment to innovation, market expansion, and the delivery of transformative financial solutions.
Claver Serumaga brings to Equity Bank Uganda over two decades of distinguished banking experience, with a proven track record in managing large-scale financial operations and spearheading digital transformation initiatives across multiple African markets.
His career includes senior leadership roles such as:
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Chief Executive Officer of NCBA Bank Tanzania, where he oversaw substantial growth;
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Managing Director of Bank of Africa Kenya; and
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Chief Digital Officer of Bank of Africa Group in Morocco a role that provided him with deep insights into leveraging technology for inclusive financial solutions.
According to Mr. Mark Ociti, Chairman of Equity Bank Uganda’s Board, Serumaga’s appointment aligns perfectly with the bank’s forward-looking mission.
“On behalf of the Board and Management of Equity Bank Uganda, I am pleased to announce the appointment of Mr. Claver Serumaga as Executive Director,” Ociti said.
“His deep understanding of commercial banking, digital transformation, and business development aligns seamlessly with our mission to deliver innovative, inclusive, and transformative financial services to our customers.”
As Executive Director, Serumaga will be tasked with providing strategic leadership and driving robust growth across the bank’s operations. His extensive experience in digital banking is especially vital in a market increasingly embracing mobile and online financial services.
His cross-border leadership experience spanning East and North Africa will be instrumental as Equity Bank Uganda navigates a competitive financial landscape and positions itself for regional expansion. His appointment also enhances Equity Group’s broader pan-African strategy by fostering cross-market synergies and consistent growth across its subsidiaries.
This is more than a routine executive hire; it marks a strategic reinforcement of Equity Bank Uganda’s leadership capacity. With Serumaga’s guidance, the bank is poised to enter a new phase of innovation, operational efficiency, and market reach.
Ultimately, his appointment underscores Equity Bank Uganda’s unwavering commitment to leveraging top-tier talent in pursuit of inclusive growth, sustainable value creation, and long-term leadership in Uganda’s vibrant financial sector.
