The DFCU board of directors has temporarily appointed William Ssekambe Managing Director of the bank, TrumpetNews has reliably learnt.
His appointment follows the resignation of Mathias Katamba whom the the board denied a new contract.
Katamba was appointed in January 2019 as DFCU was undergoing a crisis following it’s uncalculated decision to fraudulently and maliciously takeover of Crane Bank owned by tycoon Sudhir Ruparelia.
Katamba replaced Juma Kisaame who was at the center of the fraudulent transaction, a transaction that has since cost DFCU.
The board then led by Chairman Elly Karuhanga expected Katamba who was sourced from Housing Finance Bank to use his vast experience and wide knowledge in the banking industry to turn around the image of the financial institution and also grow its finances.
Unfortunately, the bank continued to nosedive.
Against that backdrop, after four years of service, DFCU decided to drop Katamba despite earning over shs 100 million.
On Tuesday 10th January, Ssekabembe who has risen through ranks met all stuff of the bank at the managerial level and asked for their support as he assumes a new role of acting Managing Director.
An official in the bank who wished to remain unnamed said the board could be weighing his capabilities before handing him the job formally.
“There is no doubt he will take the job, we are confident,” said a source.
His predecessor Katamba will be leaving at the end of month as he is preparing reports before handing over office.
Ssekabembe has been serving as Executive Director and Chief Commercial Officer of DFCU and before he worked as head legal.
He is also named among the officials of DFCU that largely misled the top management into making a grave mistake of acquiring Crane Bank.
This website however, couldn’t confirm whether Mr Ssekabembe will be appointed as substantive MD of DFCU.