back to top
HomeBusinessAnother Top Dfcu Bank Director Resigns!

Another Top Dfcu Bank Director Resigns!

Published on

- Advertisement -spot_img

DFCU Limited has announced resignation of Michael Turner as a director in the company with immediate effect.

“The Board has commenced the process of nominating another person to be considered for appointment to fill the casual vacancy created by the resignation of Mr. Turner,” DFCU said in a statement on Friday.

Turner joined DFCU board in April 2003 as an Independent Director representing CDC Group PLC however, the bank didn’t give details why Mr. Turner a renowned economist resigned.

He formerly worked in investment banking in London for Lehman Brothers and Klienwort Benson; he also worked with Actis, the leading growth markets Private Equity investor since 1988 mainly in Eastern, Central and Southern Africa., having started his career in PricewaterhouseCoopers.

Dfcu bank statement

Mr. Turner was the CDC’s East Africa Director but the UK’s development finance institution in December last year announced its decision to sell its remaining 9.97% stake in dfcu Limited.

The shareholding was sold to IFU, the Danish development finance institution.

It remains to be seen who will get nominated as Turner’s replacement.

Related

A Global Gateway To Chinese Culture

By Yuan Zhong From the perspective of cultural communication, the Hello Chinese program has broken...

Big Size Recap: London Parties With Legendary Bebe Cool’s Break The Chains Album Was Massive

On August 12th, Bebe Cool held a successful listener’s party at Masq London, Restaurant...

City Businessman Hamis Kiggundu Launches Cleanup to Pave Way for Nakivubo Channel Redevelopment

Kampala, Uganda – City businessman Hamis Kiggundu, popularly known as Ham, has embarked on...

Nakivubo Channel Set for Major Redevelopment as Uganda Races Towards AFCON 2027

Kampala is moving to cover and modernize the infamous Nakivubo Channel, a drainage trench...

More from The Capital Times

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Uganda Adopts Kiswahili As Official Language

Uganda has adopted Kiswahili as an official language, a top government official said on...

Minister Kasolo In Hot Soup Over Alleged Orungo Voter Attacks Accused Of Orchestrating Violence Fo Intimidate Opponents in NRM Primaries

A political storm is brewing in Orungo sub-county after shocking allegations emerged linking Uganda’s...