Stanbic Bank Uganda Appoints Ronald Makata as Chief Finance and Value Management Officer

Stanbic Bank Uganda Appoints Ronald Makata as Chief Finance and Value Management Officer

Ronald Makata has been appointed Chief Finance and Value Management Officer of Stanbic Bank Uganda. Abraham Ongenge, who was previously Executive Head for Personal and Private Banking at Stanbic Bank Kenya, has since moved to Stanbic Bank Uganda.

After starting out as a Manager of Financial Reporting at Stanbic Bank in 2013, Makata moved up to take on a number of top positions, including Head Banking under Client Solutions, Financial Controller, and most recently Head Treasury and Capital Management.

He is recognized for having spearheaded and oversaw a number of significant programs that revolutionized the bank, such as the implementation of strict financial controls throughout Africa, corporate transformation initiatives, client simplicity initiatives, and digitization initiatives.

“I am pleased to confirm Mr. Makata’s appointment as our substantive Chief Finance and Value Management Officer. His experience and passion for uplifting young professionals and supporting them through their career journeys to ensure they realise their full potential and progress through coaching, direct transfer of skills, and exposure to the real work environment are particularly exciting for our young professionals in the bank,” said Stanbic Bank Chief Executive Anne Juuko.

Makata said, “I am happy to take on this new responsibility and appreciate the confidence in my abilities. I look forward to working with a team of largely young, talented professionals to enhance operational efficiency, transform the client experience, and create more value for shareholders.”

Makata has over 17 years of extensive expertise as a financial professional in the financial services industry. He began his work at Barclays Uganda and advanced to the position of financial reporting manager. With a Master of Business Administration (MBA) from Edinburgh Business School, a Bachelor of Commerce from Makerere University, a Fellow of the Association of Chartered Certified Accountants (FCCA), and membership in the Certified Public Accountants of Uganda (CPA), Makata is a certified coach and professional accountant.