URBRA appoints Martin A. Nsubuga as Acting Chief Executive Officer

Following the end of the tenure of Mr. David Bonyi as Chief Executive Officer of the Uganda Retirement Benefits Regulatory Authority, the Board of Directors wishes to inform the public that Mr. Martin A. Nsubuga has been appointed to the position of Acting Chief Executive Officer with effect from 23rd February, 2018.

The Board is grateful to Mr. David Nyakundi, for putting a number of systems in place to turn the Authority into the stable entity that it is today.  Mr. Nsubuga, takes up the position with a wealth of experience and is therefore a critical part of the broader efforts to ensure that the gains of the past 5 years are sustained.

Mr. Nsubuga is concurrently the Director of Supervision and Compliance. As part of the Management Team, he has been pivotal in setting up institutional capabilities that will drive value in the future and has worked very closely with the outgoing Chief Executive Officer in developing and implementing a robust and proportionate supervisory framework.

Before joining URBRA, he spent close to 15 years at the Ministry of Finance, Planning & Economic Development (MoFPED), working in different capacities where he initiated policy and regulatory reforms in insurance, pension and capital markets. Mr. Nsubuga coordinated the Pension Reform Task Force under the MoFPED between 2004 to 2011, and was part of the team that drafted the Uganda Retirement Benefits Regulatory Authority Act including some of the Regulations under the Act. He also served as a Director on the Board of the Insurance Regulatory Authority of Uganda between 2010 -2013 where he chaired the Audit Committee, and was a member on the Technical and Human Resource Committees.

Mr. Nsubuga is a Chartered Accountant and a Member of the Association of Chartered Certified Accountants (ACCA).  He holds a BSc. in Economics, MSc. in Financial Management and is an accredited Fellow of the Macroeconomic and Financial Management Institute (MEFMI) of Eastern and Southern Africa.