The Bank of Uganda (BoU) Executive Director in charge of Supervision, Justine Bagyenda has been dropped.
The Governor Central Bank Emmanuel Tumusiime Mutebile with immediate effect appointed Uganda Communications Commission (UCC) Director Industry Affairs and Content (Economic Affairs), Dr Tumubweine Twinemanzi to take over from Bagyenda.
Bagyenda shot to limelight after her leadership was heavily criticised over failure to monitor commercial banks and subsequent crumble of Crane Bank.
Bagyenda is expected to retire.
Meanwhile, Mary Katarikawe will serve as Executive Director Operations while Joyce Okello is the new Executive Director and Personal Assistant to the Governor.
Richard Mayebo has been appointed Executive Director Risk and Strategic Management.
Other Executive Directors are Phillip Wabulya (Petroleum Investment Fund), Elliot Mwebya (Information Technology) and Deborah Kabahweza (Finance).
David Kalyango will serve as the Internal Auditor.
Mutebile also released a list of new directors: Dr Charles ABuka (Statistics), Dr Kenneth Egesa (Fianncial Stability), Valentine Ojangole (Banking), Olive Kamuli (Medical Administrator), Mackay Aumo (National Payments Systems).
Director in charge of Communications Christine Alupo has been transferred to head the Board Affair Department. She is being replaced by Charity Mugumya.
Hannington Waswa will take charge of the Commercial Banking Department while Ben Sekabira is the head of Financial Markets Development Coordination.
Edward Mugerwa is now the new director IT Operations Department .
