BPR Bank Rwanda appoints Xavier Shema as acting MD after Patience Mutesi exit

Nairobi, Kenya - BPR Bank Rwanda has announced the appointment of Xavier Mugisha Shema as acting managing director following Patience Mutesi's planned departure at the end of October. Mutesi, who has been with the bank since February 2023, will step down on October 31, 2026, to pursue other opportunities. The bank's leadership transition is set to begin with Shema assuming the acting role on November 1, pending regulatory approval, as the institution prepares to commence the recruitment process for a permanent managing director.

The merger of KCB Bank Rwanda and Banque Populaire du Rwanda, which brought both banking businesses under one entity, has necessitated a period of consolidation for BPR Bank Rwanda. In recognition of Mutesi's pivotal role during this integration phase, the bank's board lauded her leadership and performance improvements. "The Board of Directors and the Management Team acknowledge her decision with regret and extend their sincere appreciation for her leadership and dedicated service since taking over as the MD in February 2023," the bank stated.

Mutesi's tenure is marked by a focus on transforming the bank following the merger, and she is credited with steering the lender's growth and enhancing customer experience. As the bank moves forward with the recruitment of a new permanent managing director, Shema is expected to take on interim leadership responsibilities with the support and appreciation of the board and management team.