Richard Patrick Byarugaba

Mr. Richard Patrick Byarugaba is the Managing Director/ Chief Executive Officer of the National Social Security Fund a semi-autonomous provident fund with a value in excess of USD 1.8 Billion. He was appointed to this position in August 2010. Mr. Byarugaba has a wealth of experience spanning over a period of 31 years in managing large financial organisations of international repute including commercial banks. He re-joined the Fund from Afrimax Uganda where he was the Managing Director and had previously held the same position at Global Trust Bank and Nile Bank. In 2007 he also served as the Chief Operations Officer at Barclays Bank Uganda Ltd. Aged 54, Richard started his career in 1983 with Standard Chartered Bank, and rose through the ranks to the position of Executive Director for Finance in 1992. In 1994, he was transferred to London as Regional Manager for Finance in charge of Africa region. In London, he made his mark through the implementation of a multi-million accounting software for the bank’s Africa operations. Richard is a qualified Accountant with the Association of Chartered Certified Accountants. He also holds an MBA from Edinburgh Business School, Heriot Watt University UK, a management diploma from the Henley Management College of UK and a Bachelor of Science, Statistics & Economics from Makerere University, Kampala. Richard is the Chairman of the Board of Directors of Vodafone Uganda Ltd, and Kulika Uganda, a charitable trust. He also serves on the Board of Uganda Clays and Uganda Stock Exchange Governing Council. He is the former President of the East and Central Social Security Association and Chairman Nakasero Hospital Limited and Hospice Africa Uganda. A former President of the Uganda Institute of Bankers, Richard has also served on several board positions at Standard Chartered Bank, Nile Bank, Palliative Care Association of Uganda and the Uganda Institute of Banking and Financial Services. Richard is married with two daughters. He is an ardent Arsenal supporter and is one of a few Ugandans to take part in the London Marathon.