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The Board of I&M Group PLC has appointed Abdi Mohamed as the incoming Chief Executive Officer of I&M Bank Kenya, subject to approval by the Central Bank of Kenya (CBK).
In a statement issued to shareholders on Monday, the lender announced that Mohamed will join the bank from Absa Bank Kenya PLC, where he has been serving as the Chief Executive Officer and Managing Director.
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Mohamed brings more than three decades of experience in the banking and financial services industry. His expertise spans retail and corporate banking, operations, risk management, digital transformation, and strategic leadership across several African markets.
Throughout his career, he has held key leadership positions within the Absa and Barclays banking groups. His previous roles include Managing Director and CEO of Absa Bank Tanzania, Chief Operating Officer at Barclays Bank Kenya, and senior leadership positions overseeing retail and business banking operations in both Kenya and Zambia.
“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 statement read.
The Board said it is confident that Mohamed’s extensive industry knowledge and leadership experience will help drive the bank’s next phase of growth and transformation.
Meanwhile, Kihara Maina will continue serving as Interim CEO of I&M Bank Kenya while also retaining his position as Regional CEO 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.
The Board welcomed Mohamed to the bank and expressed its confidence in his ability to lead I&M Bank into its next chapter.
