Centenary Bank has appointed Joseph Kiwanuka Balikuddembe as their Executive Director replacing the late Simon Kagugube. The appointment ends months of speculation about who the bank was going to hire for the position .

Incidentally ,Balikuddembe who started his career at Centenary, returns for his second stint having amassed over 21 years in the banking industry. He has managed to forge a successful career working for some of the largest African banks with operations in Uganda.

At the time of his appointment , he was the Executive Director at United Bank for Africa (UBA) Uganda.

During his time at Absa, he worked in a number of senior executive roles including; Vice President – Head of Business Banking, Retail and Business Banking, Vice President – Head of Trade Finance, Corporate and Investment Banking, Relationship Manager – Multinationals and Large Corporates and Corporate and Investment Banking.

He also worked at Stanbic Bank Uganda Limited where he served as the Business Manager, Personal and Business Banking .

Balikuddembe holds a Master’s in Business Administration (Finance and Strategy) from the prestigious Edinburgh Business School, Heriot-Watt University and a Bachelor of Science (Honors) in Agriculture from Makerere University (1998).   

He returns to Centenary Bank having started his career in finance there as a banking officer in 1999.