EQUITY Bank Uganda, a subsidiary of Equity Group Holdings Plc, has officially announced the appointment of Zimbabwean, Gift Shoko, as its new managing director, pending regulatory approval.
This announcement follows the resignation of Anthony Kituuka from the position.
In a statement of the appointment, Equity Bank Uganda board chairman Mark Ocitti expressed excitement about Shoko’s appointment.
“We are pleased to announce the appointment of Gift Shoko as the new managing director of Equity Bank Uganda, subject to regulatory approval,” he said.
“Shoko brings with him a wealth of experience and a proven track record of leadership, along with expertise in banking, corporate strategy and digital transformation.
“This aligns perfectly with our mission to continue delivering innovative and inclusive financial solutions to our customers.”
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Ocitti further emphasised that under Shoko’s leadership, Equity Bank Uganda would strengthen its commitment to enhancing customer experience and expanding its reach within Uganda.
“Prior to his appointment as managing director, Shoko served as the executive director of Equity Bank Uganda. With over 26 years of experience in the banking industry, Shoko is a seasoned professional with a rich background in commercial multi-regional banking and leadership across Southern and Eastern Africa,” he said.
“He holds a Bachelor of Business Studies and Computer Science degree from the University of Zimbabwe, a Masters in Business Administration (Banking and Finance) from CIMA in Nicosia, Cyprus and several certifications in banking, finance and leadership.
“He is also a certified executive coach and a certified Genos Emotional Intelligence Coach, among other professional certifications.”
He further added that before his role at Equity Bank Uganda, Shoko was the NCBA Group director for regional business, where he managed all banking subsidiaries across East Africa.
NCBA Group is a financial services conglomerate headquartered in Kenya.
Shoko also served as the chief executive officer of Commercial Bank of Africa (Tanzania) Limited for five years, where he significantly contributed to the bank’s development.
“His career in banking began at Nedbank Zimbabwe, where he participated in the Graduate Management Training program before advancing through various senior management roles,” Ocitti said.
“He also served as the group chief operating officer and group chief executive officer at Trust Holdings Limited (THL) . . . where he successfully reorganised the company.”
Trust Holdings Limited is a local holding company that holds several financial services firms.