Africa-Press – Uganda. Former National Social Security Fund (NSSF) Managing Director Richard Byarugaba has been appointed Board Chairman of Old Mutual Investment Group, succeeding Professor Samuel Sejjaaka.
He will serve alongside Charles Ernest Hamya, who has also joined the board.
Byarugaba, who recently completed his term as board chair of the Uganda Securities Exchange, brings over 30 years of experience in financial services and transformational leadership across East Africa.
During his decade-long tenure at NSSF, he oversaw a surge in the fund’s assets from USD 600 million to $4.7 billion, drove digital transformation, implemented operational reforms, and spearheaded the passage of the NSSF Amendment Bill, which extended pension coverage to more than 10 million Ugandan workers.
A Fellow of the Association of Chartered Certified Accountants (FCCA) and a Chartered Public Accountant (CPA) in Uganda, Byarugaba is also a Level III candidate in the Chartered Financial Analyst (CFA) programme.
He holds an MBA and a BSc in Statistics and Economics.
“Richard’s financial expertise is complemented by a strong commitment to excellence in investment governance and risk management,” Old Mutual said in a statement.
The company also paid tribute to outgoing chairman Prof Sejjaaka for his “outstanding service, visionary leadership, and invaluable contribution” to its growth, including the launch of Uganda’s first Dollar Unit Trust Collective Investment Scheme — a milestone for the local investment sector.
For More News And Analysis About Uganda Follow Africa-Press
