The Trustees are responsible for the administration and general management of the Scheme, in accordance with the terms of the MURBS Trust Deed and Scheme Rules (TDSR). The Board of Trustees (BoT) is made up of seven-licensed trustees as stipulated in the MURBS TDSR.
Michael Kizito (PhD)
CHAIRPERSON, BOARD OF TRUSTEESPhD in Informatics | MUASA | URBRA License No.
CPA Angida Francesca Mugyema
SECRETARY, BOARD OF TRUSTEESMBA Accounting & Finance | MASA | URBRA License No. TR-21-0561
Elizabeth P. Nansubuga (PhD)
TRUSTEEPhD in Population Studies | MUASA | URBRA License No. TR-23-061
Mr. George Bamugemereire
TRUSTEEMaster of Laws(LLM), Mergers and Acquisitions | Makerere University Council | URBRA License No. TR-23-0625
Mr. Joseph Ikarokok
TRUSTEEBachelor of Commerce | NUEI | URBRA License No. TR-21-0563
Deus Kamunyu Muhwezi (PhD)
TRUSTEEPhD in Tourism Marketing | Makerere University Council | URBRA License No. TR-23-0622
CPA Edna Isimbwa Rugumayo
INDEPENDENT TRUSTEEMSc Accounting & Finance | URBRA License No. TR-18-0442
Board Structure
The Board of Trustees is the highest authority in MURBS, and it works through three standing committees that are supported by co-opted members with technical expertise. These are the Investment Committee, Finance and Administration Committee, and the Audit Committee.
The Finance and Administration Committee
​The Finance and Administration Committee is responsible for reviewing and executing the Board’s policies pertaining to all aspects of the Scheme’s financial management and administration. The current Committee is composed of:
1. CPA Francesca Angida Mugyema – Chairperson
2. Michael Kizito (PhD) – Member
3. Mr. George Bamugemereire -Member
4. Arcadia Advocates – Scheme Lawyer
5. Ms. Susan Khaitsa – Secretary
The Investment Committee
​The Investment Committee is responsible for reviewing and implementing the Board’s Investment Policy Statement (IPS) as well as managing all investment-related arrangements. The current Committee is composed of;
1. Elizabeth Patricia Nansubuga (PhD) – Chairperson
2. Michael Kizito (PhD) – Member
3. Deus Kamunyu Muhwezi (PhD) – Member
4. CPA Francesca Angida Mugyema – Ex Official
5. Mr. Alan Norman Lwetabe – Member
The Audit Committee
The Audit Committee is entrusted with the responsibility of overseeing and implementing the Board’s policies regarding all facets of the Scheme’s functions and risk management. The current Committee is composed of:
1. CPA David Ssenoga – Chairperson
2. Mr. Joseph Ikarokok – Member
3. Saul Hannington Nsubuga (PhD) – Member
4. CPA Francesca Angida Mugyema – Ex Official
Co-Opted Members
Mr. Paul Kuteesa
Scheme Lawyer (Representative - Arcadia Advocates)DIP LIP, LLB; Certified RBS Trustee. Partner and Head of Litigation at Arcadia Advocates. An acclaimed and meticulous Litigation Lawyer with over 16 years of courtroom experience, who has won several landmark cases for multinational and commercial investments in Uganda and East Africa.
Dr. Saul H Nsubuga
Member Audit CommitteePhD (Maths). Certified RBS Trustee since 2018. Former Trustee of MURBS (2010 - 2016) and one of the first two trustees of MUASA on the Board of Trustees. Also served as the Board Secretary of MURBS between 2010 to 2013.
CPA David Ssenoga
Chairperson Audit CommitteeMSc (Finance and Accounting). Certified RBS Trustee since 2017. Active member of ICPA(U) with over 33 years experience in banking, microfinance, auditing, investigations, due diligence assessments, taxation and financial reporting. Founder and practitioner at SDS & COMPANY Certified Public Accountants.
Mr. Alan Norman Lwetabe
Investment Advisor and Member of the Investment CommitteeCFA, CAIA; M.A Economics. Currently the Head of Advocacy at CFA Society East Africa and responsible for providing strategic direction and leadership in relation to Research, Advocacy and Standards across the East African region. Investment Director at Deposit Protection Fund of Uganda (DPF).