> CFI.co Meets the Unit Trust of Tanzania:
First Rate Management Team DR HAMISI S KIBOLA – MANAGING DIRECTOR Dr Hamisi S Kibola is a lawyer by profession. He has an LLB (Hons), LLM, and PhD from the University of Dar es Salaam and a postgraduate degree in European Integration from the University of Amsterdam. Dr Kibola began his career as a lecturer first at the Faculty of Law, University of Dar es Salaam, and later at the Centre for Foreign Relations, also in Dar es Salaam. Dr Kibola’s career in the financial sector began at the Central Bank where he worked as principal legal officer. He was later seconded to the then Preferential Trade Area for Eastern and Southern Africa (now COMESA) where he coordinated a project on the trade and investment laws of the region. On his return to the Central Bank, Dr Kibola was posted to the then newly-established Capital Markets Unit where he did the ground work for the establishment of the Capital Markets and Securities Authority. Dr Kibola was also a member of the Advisory Committee for the Establishment of the Dar es Salaam Stock Exchange (DSE). He became the exchange’s first chief executive after it was established in 1998. After serving for a period of five years at the Exchange, Dr Kibola was appointed the first CEO of the Unit Trust of Tanzania (UTT) and, during his ten years at the helm, has spearheaded a number of UTT initiatives. Dr Kibola has coordinated a restructuring programme for UTT – a complex process which required liaising with many stakeholders. He ultimately succeeded in restructuring UTT into three companies: UTT AMIS, UTT Microfinance, and UTT Projects Management. Dr Kibola has become the first managing director of UTT AMIS. MR SIMON MIGANGALA – CHIEF OPERATING OFFICER Simon Migangala has over twelve years’ experience in the financial services industry having worked as bank manager, treasury director, and consultant responsible for matters related to investments, money market, foreign exchange, and capital market products. He holds an MBA from IMD, a business school based in Lausanne, Switzerland. Mr Migangala also holds B.Com (Accounting) degree with honours from the University of Dar es Salaam, a CPA (T) by the National Board of Accountants and Auditors, and an ACI Dealing Certificate. He is the chief operating officer at UTT AMIS. Prior to securing his present position, Mr Migangala spent three years as consultant with clients in the banking and financial services industry. He also spent seven years with CRDB Bank as director of treasury. MS PAMELA NCHIMBI – DIRECTOR OF INVESTMENT MANAGEMENT Pamela Nchimbi is an investment professional and 132
From Left: Joan Msofe (director of Finance and Administration), Simon Migangala (chief operating officer), Daudi Mbaga (director of Marketing and Public Relations), Rashid Mchatta (director of Information and Communication Technology), Dr Hamisi Kibola (managing director), Issa Wahichinenda (director of Operations), Pamela Nchimbi (director of Investment Management), and Sebastian Bujiku (head of Procurement Management Unit).
joined the Unit Trust of Tanzania in March 2008. She has been instrumental in positioning UTT as an effective investment institution in the financial market. Ms Nchimbi is a dedicated professional and has developed a keen sense of investment expertise. She plays a key role in initiating dealings in equities and debt securities, monitoring financial markets with a view to identifying opportunities, managing risks and optimising investment returns for the company’s portfolios. MR RASHID K MCHATTA – DIRECTOR OF INFORMATION AND COMMUNICATION Rashid Mchatta is an expert in business systems functional specifications, design, and application software development. He has over ten years’ experience in providing banking and unit trust investor service solutions. Mr Mchatta holds BSc (1998) and MSc (2000) degrees in Information and Management Systems from the Faculty of Management Science and Informatics of the University of Zilina, in Slovakia. MS JOAN MSOFE – DIRECTOR OF FINANCE AND ADMINISTRATION Ms Joan Msofe is a Certified Public Accountant (ACPA (T)). She attained her Advanced Diploma in Accountancy from the Institute of Finance Management in 1998 and graduated with her Master’s in Business Administration from Eastern and Southern African Management Institute (ESAMI) in 2012. Ms Msofe joined UTT in January 2013 as principal finance officer and was promoted to director of finance later that year. MR ISSA M WAHICHINENDA – DIRECTOR OF OPERATIONS Issa Wahichinenda is an expert in operations for financial services businesses. He received his Bachelor of Arts (Statistics) degree from the University of Dar es Salaam in 1998 as well as a Master of Science degree in Finance from University of Strathclyde in 2006. Prior to joining UTT in 2007, he spent seven years in the banking CFI.co | Capital Finance International
industry. Since joining UTT, Mr Wahichinenda has spearheaded the investor services unit that includes a front office, back office, and call centre. MR DAUDI H MBAGA – DIRECTOR OF MARKETING AND PUBLIC RELATIONS Daudi Mbaga is responsible for the planning, development, and implementation of all of the organisation’s marketing strategies, communications, and public relations activities. He oversees the development and implementation of support material and services for marketing, communications, and public relations. Mr Mbaga holds a Bachelor of Commerce and Management degree and a Master’s of Business Administration from the University of Dar es Salaam and Mzumbe University. MR BUJIKU SEBASTIAN – HEAD OF PROCUREMENT MANAGEMENT UNIT Bujiku Sebastian is a multidiscipline professional: a certified public accountant (T) and a certified procurement and supplies professional. He received his first degree in commerce (B.Com (Hons)) in 1995 from the University of Dar es Salaam, before pursuing a diploma in Human Resources and a postgraduate degree in procurement and logistics from the National Institute of Transport. Mr Sebastian joined UTT in 2006, as principal finance officer cum procurement specialist before he was named head of the Procurement Management Unit. MR ERICK BAKILANA – PRINCIPAL LEGAL AND COMPLIANCE OFFICER Erik Bakilana holds a Bachelor of Laws Degree (LL.B.) from the University of London, School of Oriental and African Studies (SOAS), a Master of Laws Degree (LL.M.) in Banking and Finance Law from the University of London, University College London (UCL), and a Master of Laws Degree (LL.M.) in International Finance Law from Harvard Law School. He joined UTT in July 2013 to set up and head the Legal Unit. i