The Rector of the School of Finance and Banking (SFB) has said he will retire next month.Prof. Reid E. Whitlock told his staff on Monday that it has been two weeks since he decided to retire and he will officially do so effective March 1.He told The New Times that government has already approved his retirement, so the search is on for a successor.The professor sounded satisfied with his achievement for the last three years. He said the university has continued to prosper, producing highly marketable graduates, improving its infrastructure, and starting to produce its own money through income-generating activities."I think it has made tremendous strides,” the rector said.A media release by the university’s communications department, yesterday, described the professor as  a "tough but fair manager and teacher,” who has spent much of his time at SFB teaching students, speaking at public lectures and engaging with staff."He has devoted significant time and attention to identifying, recruiting, mentoring and encouraging talent. As a result, he has greatly strengthened the competence and reputation of SFB,” the release reads in part.Prof. Whitlock told this newspaper that his successor should help the university increase income-generating activities to reduce reliance on government. He suggested hiring an experienced grants and fundraising officer and starting a business of property evaluators in Kigali.