Who is Patrick Mweheire? Flash Uganda Media looks at his biography, age, early life, wife, education, family, Work and Experience, net worth, Stanbic Bank Uganda Limited, Standard Bank and career of a Ugandan investment banker.
Patrick Mweheire is a Ugandan investment banker and bank executive. He’s the regional group Managing Director and regional group Chief Executive of Standard Bank Group for Eastern Africa.
Mweheire took up the role on 1 March 2020.
He as well served as the Managing Director and CEO of Stanbic Bank Uganda Limited, the largest commercial bank in Uganda by branch list and assets, from January 2015 till February 2020.
Early Life and Education
Patrick Mweheire was born in Nakasero Hill, one of the most upscale residential areas in Kampala, Uganda’s capital city to an affluent family with three other siblings in 1970.
Mweheire attended King’s College Budo from where he attained his O’ & A’ Level certificates. He then joined Daemen College New York City, in the United States of America, (USA) graduating in 1994 with a Bachelor’s Degree of Arts in History and Economics.
He received the President’s Medal awarded to a most distinguished student for that graduating year.
In 1999, Mweheire graduated with a Master’s Degree in Business Administration from Harvard Business School.
Work and Experience
In 1993, Mweheire did three months internship on Wall Street, at Prudential Securities, while still an undergraduate student.
In 1994 after graduation, he got hired at the investment banking division as a Financial Analyst, serving in that capacity till 1997.
1999-2008, Mweheire worked in the mergers and acquisitions, investment banking division of Merrill Lynch. In this period, he rose from junior banker position to the top.
In 2008, Renaissance hired Mweheire to run their African investment banking department, based in London, United Kingdom, with branches in seven African countries.
In 2012, Mweheire became the Executive and Head of Corporate and Investment Banking at Stanbic Bank Uganda, (SBU) after relocating to Uganda.
Then in January 2015, Mweheire got appointed as Managing Director and CEO Stanbic Bank, taking over from Phillip Odera, a Kenyan national. He’s the first Ugandan to head the bank since Standard Bank became the majority shareholder in 2001.
Mweheire was replaced by Andrew Mashanda.
However, Mweheire continues to serve as a non-executive Director of Stanbic Bank Uganda Holdings Limited and Stanbic Bank Uganda Limited.
In 2020, Mweheire was appointed Regional Chief Executive for Eastern Africa, managing bank franchises in Kenya, Uganda, Tanzania, Ethiopia and South Sudan, for the Standard Bank Group, based in Nairobi Kenya.
In addition to the above role, Mweheire serves as the Chairperson of the Uganda Chamber of Mines & Petroleum (UCMP), taking over from Elly Karuhanga.
UCMP is an organization that seeks to promote and develop Uganda’s mining and petroleum operations and services, since 2008.
Family
Patrick Mweheire is married with one son. He loves sports, especially football and is a fan of Chelsea FC, in the English Premier League.
Net Worth
Patrick Mweheire’s net worth has been estimated to be $100k-$500k in the year 2021, though Forbes has not yet published an official report about his wealth.
Controversy
In 2017, Patrick Mweheire was accused of disobedience by the Anti-corruption court after failing to produce a certified copy of the settlement agreement made between Stanbic Bank and the Embassy of Sweden.
The agreement was about a refund of money to the Embassy finalized on August 4, 2015, and August 5th, 2016, in court.
