Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc, has announced the appointment of Claver Serumaga as the Executive Director. He is a seasoned banker with over 20 years of experience in the banking industry. He will be responsible for providing strategic leadership and driving the growth of the bank’s Commercial Banking Division.

He brings with him over 20 years of Pan-African experience in the banking and financial services sector, with a distinguished track record of delivering consistent and impactful results. Serumaga has held senior leadership roles across East and West Africa, contributing to transformative initiatives and business growth in multiple markets.

Prior to joining Equity Bank Uganda, Serumaga served as Chief Executive Officer of NCBA Bank in Tanzania. Previously, he served as Deputy Managing Director at Bank of Africa Kenya (BOA Kenya). He also held the position of Chief Digital Officer at Bank of Africa Group, based in Casablanca, Morocco, where he led the execution of the group’s digital transformation strategy across 16 African countries.

Earlier in his career, he served as General Manager, Business Development at Bank of Africa Uganda, overseeing Treasury, Corporate Banking, SME Banking, Marketing, and Product Development. Serumaga holds a Master of Business Administration (MBA) in Executive Management from the Graduate School of Business, University of Cape Town, South Africa, and a Bachelor of Arts in Social Sciences from Makerere University, Kampala. He is also a Fellow of the Chartered Institute of Marketing (UK) and has completed several executive programs in Leadership, Banking, and Finance.

While announcing his appointment, Mark Ocitti, the Board Chairman of Equity Bank Uganda Limited, said: “On behalf of the Board and Management of Equity Bank Uganda, I am pleased to announce the appointment of Claver Serumaga as Executive Director. His deep understanding of commercial banking, digital transformation, and business development aligns seamlessly with our mission to deliver innovative, inclusive, and transformative financial solutions to our customers.”

He added: “We are confident that Serumaga’s extensive leadership expertise and proven track record of driving business growth will strengthen our leadership team and position Equity Bank Uganda to continue its growth trajectory. We welcome him to the Equity family and wish him great success as he embarks on this exciting journey. We look forward to the positive impact he will undoubtedly have on our Bank, our customers, and the communities we serve.”