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The NSSF Board has recommended to the Minister of Gender, Labour, and Social Development, Hon Betty Amongi, who has accepted to appoint Gerald Kasaato as the Deputy Managing Director of the National Social Security Fund (NSSF).
Kasaato has previously been the Chief Investment Officer of the UGX18.4 trillion Fund.
He brings to the new role, a wealth of knowledge in investment and portfolio management, corporate and international finance, risk management, financial reporting, accounting, and taxation as well as strategy formation and execution. He is also skilled in people leadership, operations management, financial economics, sales and marketing, Project management, property management and compliance and governance.
He joined the Fund in July 2011 as Portfolio Manager, Equities and rose through the ranks to become Chief Investment Officer in April 2014.
He previously worked as Finance and Investment Manager (National Housing and Construction Company) and served as Manager of Investment and Treasury at the National Insurance Corporation. He previously worked in various finance roles in the United Kingdom.
He is a CFA Charter holder, a Chartered Accountant of the UK, a Fellow of the Chartered Management Institute of the UK, and a Certified Public Accountant of Uganda. He is an alumnus of the Harvard Business School (USA).
He holds an MBA in Finance from Exeter University in the UK, a Master of Science Degree in International Finance and Investments from the London Southbank University in the UK and a Bachelor of Science Degree in Accounting from Oxford Brookes University in the UK.
He is also an Aresty scholar of the Wharton Executive Programme, University of Pennsylvania (USA) and has trained at the London Business School in the UK.
He, together with Patrick Ayota, the new Managing Director now have a responsibility to deliver the Fund’s Vision 2035, which among others includes expanding social security coverage from 10% to 50% of Uganda’s working population by 2035 and growing the Fund from the current UGX 18.4 trillion to UGX 50 trillion by 2035.