Diamond Trust Bank Uganda Appoints Godfrey Sebaana as CEO and Managing Director

Written by on March 25, 2024

Diamond Trust Bank Uganda Appoints Godfrey Sebaana as CEO and Managing Director.
At Diamond Trust Bank Uganda Limited (DTBU), strategic leadership is paramount. The recent announcement of Mr Godfrey Sebaana as the new Chief Executive Officer and Managing Director underscores the bank’s commitment to fostering growth, innovation, and customer-centricity in the Ugandan financial landscape.

Godfrey Sebaana DTB

Mr Godfrey Sebaana, the new Chief Executive Officer and Managing Director DTB Uganda.

A Seasoned Banker with a Vision
With over two decades of comprehensive banking experience, Mr. Sebaana brings a wealth of knowledge and expertise to his new role. Having served in various capacities in both Uganda and Tanzania, including his recent position as Executive Director and Head of Corporate, Commercial, and Institutional Banking at Standard Chartered Bank Uganda, Mr. Sebaana is well-equipped to lead DTBU into its next phase of development.

Driving Transformation and Growth
Mr. Varghese Thambi, the outgoing CEO, has been instrumental in DTBU’s transformation and expansion over the past seventeen years. Under his stewardship, the bank has evolved from a single-branch entity to one of Uganda’s most esteemed financial institutions, boasting 37 branches nationwide and a diverse workforce of 680 employees.

A Seamless Transition
As Mr Thambi retires from his position, DTBU remains steadfast in its commitment to continuity and progress. The Board of Directors expresses gratitude for Mr. Thambi’s unwavering dedication and acknowledges his role in shaping the bank’s success. His departure marks the end of an era but also signifies the beginning of a new chapter under Mr. Sebaana’s leadership.

Embracing Digital Innovation
In an era defined by rapid technological advancements, DTBU is poised to embrace digital transformation fully. Mr Sebaana’s appointment aligns with the bank’s strategic vision, particularly its ambitious post-COVID growth strategy centred on digital innovation and customer-centricity.

Varghese Thambi k

Mr. Varghese Thambi, the outgoing Chief Executive Officer and Managing Director of DTB Uganda.

Accelerating Future Growth
Mr. Azim Kassam, Chairman of the DTBU Board, articulates the collective optimism surrounding Mr. Sebaana’s appointment. Leveraging his diverse skill set and profound industry knowledge, Mr Sebaana is primed to steer DTBU towards greater heights, solidifying its position as a premier banking institution in Uganda.

The appointment of Mr Godfrey Sebaana as CEO and Managing Director heralds a new era of growth and innovation for Diamond Trust Bank Uganda Limited. With a steadfast commitment to excellence and a clear strategic vision, DTBU remains at the forefront of Uganda’s dynamic banking sector, poised to deliver unparalleled value to its customers and stakeholders alike.


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