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Q&A WITH SANJAY RUGHANI: Standard Chartered is not leaving Uganda but rather refocusing on Corporate and Institutional Banking Following a recent announcement that Standard Chartered Plc was exploring the sale of its Wealth and Retail Banking (WRB) business in Uganda, Sanjay Rughani the Uganda Chief Executive Officer in this interview explains the move. Reiterating that the bank is not exiting Uganda he explains that the move is aimed at "focusing our resources where we can play to our strengths and best serve the cross-border needs of our clients". He further says that no buyer has been identified yet and that the process is just beginning and will take between 18 to 24 months to complete.

by Muhereza Kyamutetera
Sanjay Rughani, Chief Executive Officer, Standard Chartered Bank

Last week you announced a change in your business structure, please elucidate more on these changesLast week we announced our intention to explore the sale of our Wealth and Retail…

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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