BOARD OF TRUSTEES

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.

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Elizabeth Patricia Nansubuga (PhD)
Trustee

Position: Chairperson of the Board of Trustees Credentials: PhD in Population Studies Nominating Body: MUASA URBRA License Number: TR-23-061

Godwin Kakuba (PhD)
TRUSTEE

Position: Secretary, Board of Trustees Credentials: PhD in Scientific Computing Nominating Body: MUASA URBRA License Number: TR-20-0551

CPA Franco Angida Mugyema
TRUSTEE

Credentials: MBA in Accounting and Finance Nominating Body: MASA URBRA License Number: TR-21-0561

Mr. George Bamugemereire
TRUSTEE

Credentials: Master of Laws(LLM), Mergers and Acquisitions Nominating Body: Makerere University Council URBRA License Number: TR-23-0625

Mr. Joseph Ikarokok
TRUSTEE

Credentials: Bachelor of Commerce Nominating Body: NUEI URBRA License Number: TR-20-0551

Deus Kamunyu Muhwezi (PhD)
TRUSTEE

Credentials: PhD in Tourism Marketing Nominating Body: Makerere University Council URBRA License Number: TR-23-0622

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 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. Mr. Joseph Ikarokok – Chairperson

2. Elizabeth Patricia Nansubuga (PhD) – Member

3. Deus Kamunyu Muhwezi (PhD) – Member

4. Godwin Kakuba – Ex Official

5. Mr. Alan Norman Lwetabe – Member

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. Godwin Kakuba (PhD) – Chairperson

2. Elizabeth Patricia Nansubuga (PhD) – Member

3. Mr. George Bamugemereire -Member

4. Arcadia Advocates – Scheme Lawyer

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. CPA Franco Angida Mugyema – Member

3. Saul Hannington Nsubuga (PhD) – Member

4. Godwin Kakuba – Ex Official

Co-Opted Members

Mr. Paul Kuteesa

Scheme lawyer(representative Arcadia advocates)

Credentials: DIP LIP, LLB; Certified RBS Trustee Partner and Head of Litigation at Arcadia Advocates. An acclaimed and meticulous Litigation Lawyer with 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 committee

Credentails: PhD (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 (2010 to 2013).

CPA David Ssenoga

Chairperson Audit committee

Credentials: MSc (Finance and Accounting); Certified RBS Trustee since 2017 Active member of ICPA(U) with 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 investment committee

Credentials: CFA, 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) where he is in charge of an investment team that manages over $300 million in domestic fixed-income assets.