Inside DFCU’s Top management Scandalous work Relations and why CEO Mathias Katamba could Be Headed for Job at Mapeera’s Headquartered Centenary

Mathias Katamba 2

By Daniels N. Tatya

As you read this, Mathias Katamba could be finalising sorting his books of accounts and winding up work at the DFCU as its CEO and contemplating a placement at Centenary Bank.

The reason he is leaving is such poor working relationships with fellow managers at the financial institution that he joined officially on January 2, 2019, following the departure of Juma Kisaame.

Just like his predecessor, Katamba’s has not been a bed of roses working in that office. Kisaame left because of his allegedly inappropriate leadership involving the scandalous sale of Crane Bank Limited (CBL) and Global Trust Bank Uganda (GTBU) in 2017 and 2014 respectively.

Barely months in office as the Chief Executive Officer at Dfcu Katamba is rumoured exiting the Bank. Its great opportunity though because he (Katamba) won’t sit at home long. He is already linked to another financial institution-Centenary Bank as it’s new Managing Director to replace Fabian Kasi.

Kasi has been at the helm of Centenary Bank for the last nine years since 2010 when he joined in. In the 9 years Kasi has been at Centenary Bank, he has grown the bank’s asset base by 292.8%, from UGX807.2 billion in 2010 to UGX3.2 trillion in 2018.
The bank has moved from the fourth largest to the second largest- market share and has also grown from 7.12% in 2010 to 11.3% at the end of 2018.

When he joins, katamba will have such bigger and challenging shoes to fit in given that he moves from a lowly ranked financial institution at the industry chain.

Joining DFCU from Housing Finance, Katamba has always been at loggerheads with other Dfcu bank top management especially those he found already established in top management, sources can confirm.

Among them is Chief of Business and Executive Director, William Sekabembe who had declined to join KCB Uganda as MD on anticipation that he would replace Kisaame. It is also said Katamba’s working relationship with Dfcu bank Chairman Jimmy Mugerwa is not good either.

In May this year, it was rumoured that Sekabembe was contemplating leaving Dfcu bank after he was denied chance to become its top chief executive as earlier promised by the Board of Directors.

While announcing the appointment of Katamba in January Dfcu Chairman Elly Karuhanga said then that: “We look forward to his (Katamba) taking the helm at Dfcu and believe he is well placed to continue the progress of the bank, building on the successes of his predecessor to the benefit of all stakeholders, contributing to the very important business sector in which Dfcu operates and to the growth of the Uganda economy as a whole.”

Katamba has 15 years’ experience in the Finance & Banking sector, 12 of which have been at C-Suite level. With vast expertise in Strategic Management & Investor relations, Retail Banking and strong business acumen.

He holds an M.Sc. in Financial Management from the University of London, has also attended the John F. Kennedy School of Education at Harvard University and the Advanced Leadership Program at the University of Pennsylvania.

Katamba’s leaving therefore relives him of the stress of internal money laundering currently being investigated by police.

The Banking institution is being investigated on by police for internal hacking with information linking the Bank’s top managers to cases of internal money laundering.

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