In recent months – in particular following the takeover of Bear Stearns and the collapse of Lehman Brothers –, the financial market turmoil has intensified again and entered a more damaging and disruptive phase in which large financial institutions have failed or have had to be rescued by either their private counterparties or public authorities, while the viability of the investment banking industry as a whole and of “the originate to distribute business” business model has been put into question.
Deputy Governor, Bank of Uganda  At the Graduation Ceremony of the pioneer class of the “Orient Bank’s Financial Literacy Programme”  Sheraton Hotel Kampala; April 20, 2017  The Principal Makerere University Business School (MUBS) The Board of Directors and Senior Management of Orient Bank Ltd. Members of the Private sector and our graduates, Distinguished Guests, Ladies and Gentlemen, It is a great honour to preside over the first graduation Ceremony of the “Orient Business Academy”.