Richard Byarugaba is the Managing Director/ CEO of the National Social Security Fund (NSSF). Richard Byarugaba was honored with the Uganda Economic Development Mark of Excellence as the 2021 Uganda Social Security Champion by Public Opinions in appreciation of his contribution towards attainment of Uganda Vision 2040 and the United Nations Sustainable Development Goals.
In appreciation and honor of the great contribution of the National Social Security Fund (NSSF) towards attainment of Uganda Vision 2040 and the United Nations Sustainable Development Goals (SDGs), A Boarded a SDGS Public Awareness Poster was published and copies in which copies have been made available and more to be distributed to CEOs of Leading Private Sector Companies/Organizations and Youth Leader. Thank you NSSF for inspiring companies and organizations to work towards attainment of the United Nations Sustainable Development Goals.
Richard is the Best performing Managing Director of National Social Security (NSSF) since 1985. The National Social Security Fund (NSSF) emerged the best Performing Public Institution in Uganda followed by the Uganda Revenue Authority (URA), Uganda People’s Defense Forces (UPDF), and Bank of Uganda whose head the Governor Bank of Uganda Prof Emmanuel Mutebile was Declared the Uganda Economic Development Champion on 31st March 2021 at a ceremony presided over by H.E Massimilliano Mazzanti Ambassador of Italy to Uganda while H.E Dr Patrick Bitature was recognized with the Uganda Responsible Investment Mark of Excellence as the Social Investment Champion of the Year.
H.E President Yoweri Kaguta Museveni was recognized with the Uganda Economic Development Mark of Excellence as the Uganda Peace and Development Champion by Public Opinions.
He has committed himself to build a formidable organization that is dedicated to provide social security services to employees in Uganda while at the same time investing in profitable ventures which have in turn generated huge profits for NSSF and boosting Uganda’s economy.
The vibrant NSSF under a dedicated Richard manages assets worth over UGX 13.7 trillion invested in Fixed Income, Equities and Real Estate assets within the East Africa region. This is accomplished through a carefully planned and executed long-term investment program that efficiently and effectively allocates and manages the assets of the Fund. As at June 30, 2020, the NSSF’s Assets under Management (AUM) stood at Uganda Shillings 13.28 Trillion. The Fund invests mainly in 3 asset classes; Equities 15%,Real Estate 7%,Fixed Income 78%,etc.
Byarugaba was born in 1961. He attended Makerere University graduating with a degree in statistics and economics. He is a qualified accountant with the Association of Chartered Certified Accountants of the United Kingdom (UK). He also holds a diploma in management from Henley Management College, also in the UK.
He was appointed Managing Director of NSSF in 2010 and re-appointed in October 2014. He has a wealth of experience spanning over a period of 31 years in managing large financial organisations of international repute including commercial banks.
Previously served as Managing Director, Afrimax Uganda and had previously held similar position at Global Trust Bank and Nile Bank. In 2007 he also served as the Chief Operations Officer at Barclays Bank Uganda Ltd.
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.
He 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.
ALSO READ
- The TOP70 Law Firms in Uganda Certified by Public Opinions International (2020/2021)
- Who are the 46 Powerful Ugandans working closely with President Museveni to Secure the Future of Ugandans?
- Reasons why Museveni has been declared the Great Lakes Region Peace Champion as Italy builds Momentum to ensure Responsible Investment in Uganda
- Here are the top 46 most powerful personalities working very closely with President Museveni.
- 5 Reasons Women Don’t Enjoy Sex — and How to Overcome Them
- Gen Museveni outlines the NRM Historical Mission, Principles and 23 objectives.
He started as a banking officer at Standard Chartered Uganda (Stanchart), in 1983. By 1992, he had risen to executive director for finance at Stanchart. In 1994, he was transferred to Stanchart’s international headquarters in London as the regional manager for finance, responsible for Africa. He returned to Uganda in 1997, where he joined Nile Bank Limited, a private retail bank.He became managing director of the bank in 2003. In 2007, Barclays, the British financial conglomerate, bought all the shares of Nile Bank Limited for US $27 million (UGX:52 billion). The new owners merged the bank with their existing banking interests in the country to form the existing Barclays Bank (Uganda). Byarugaba moved to Baclays Bank (Uganda) as the chief operating officer.
In 2008, when Global Trust Bank (Uganda) was established, the new owners appointed Byarugaba as managing director of the newly created bank. He held that position until 2010 when he left to become the managing director and chief executive officer of the National Social Security Fund (Uganda).
ADVERTISEMENT
Find us at
Buyinza Group LTD
5th Floor, Room 7
Impala House
Opposite city Hall KCCA
Kimathi Avenue Kampala
Call 0708737418/+256 782 479124 for Delivery at your own cost
Web:www.buyinza.com
SHOP M55,NEAR MELAIN PHARMACY
GROUND FLOOR
PARK ENKADDE MALL
OLD TAXI PARK
KAMPALA,UGANDA
CALL 0706614650 Strictly for Delivery at your own cost in ant part of Uganda.
AKWATA EMPOLA SHOP
Opposite U-SAVE SUPER MARKET
KIWATULE
Call 0755 191338 for Delivery around KIWATULE,Kira,Najjera,Nalya,Namugongo,Kyanja,Kyaliwajara,Ntinda,etc.
Extura Natural Tea-The Source of Happiness
Send your profile and half colored photo to [email protected] to be published and Disseminated. You can also call or send us a whatsapp message on +256774992426
