I&M Group PLC has appointed Abdi Mohamed as the Chief Executive Officer of I&M Bank Kenya, days after his resignation from Absa Bank Kenya was formally announced.
In a notice to shareholders issued on Monday, the lender announced that Mohamed will join the bank from Absa Bank Kenya PLC, where he has been serving as Chief Executive Officer and Managing Director.
The Board said Mohamed brings more than three decades of experience in banking and financial services, with expertise spanning retail and corporate banking, operations, risk management, digital transformation and strategic leadership across several African markets.
During his career, Mohamed has held a number of senior leadership positions within the Absa and Barclays banking groups.
His previous roles include Managing Director and Chief Executive Officer of Absa Bank Tanzania, Chief Operating Officer at Barclays Bank Kenya, and senior leadership positions overseeing retail and business banking operations in Kenya and Zambia.
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“The Board of I&M Group PLC is pleased to announce the appointment of Abdi Mohamed as the Chief Executive Officer of I&M Bank Limited. His appointment remains subject to the approval of the Central Bank of Kenya,” the company said in the notice.
The Board expressed confidence that Mohamed’s extensive industry experience and leadership credentials will support the bank’s strategic ambitions.
“The Board is confident that Mr Mohamed’s extensive experience, strategic leadership and deep understanding of the financial services sector will guide the Bank as it embarks on its next phase of growth and transformation,” the statement said.
I&M Group also confirmed that Kihara Maina will continue serving as Interim Chief Executive Officer of I&M Bank Kenya while retaining his role as Regional Chief Executive Officer of I&M Group during the transition period.
According to the Board, Maina will remain in the role until the Central Bank of Kenya completes the regulatory approval process for Mohamed’s appointment.
By Obegi Malack
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