I&M Bank appoints Abdi Mohamed as new CEO
I&M Bank has officially appointed veteran banker Abdi Mohamed as its new Chief Executive Officer after receiving regulatory approval from the Central Bank of Kenya (CBK). The appointment comes about three months after Mohamed left Absa Bank Kenya, where he served as Managing Director and CEO, bringing to I&M more than 30 years of experience […]
Kenya's I&M Bank has announced the appointment of Abdi Mohamed as its new Chief Executive Officer, following regulatory approval from the Central Bank of Kenya. The veteran banker, who previously served as Managing Director and CEO at Absa Bank Kenya, brings more than 30 years of experience in banking and financial services across Kenya and other African markets.
Mohamed joined I&M Bank after a two-decade-long career with Absa Bank and the former Barclays franchise. He served as Absa Bank Kenya CEO from May 2023, after previously leading Absa Bank Tanzania. His appointment comes after a brief stint at Absa, where he resigned to explore other career opportunities.
I&M Bank welcomed Mohamed in a post on its X account, stating that he joins the bank at a crucial stage as it continues to implement its iMara 3.0 strategy and prepares for expansion. The new CEO will focus on accelerating the bank's growth, prioritizing customers and employees, and strengthening the bank's Pamoja culture.
I&M Bank expressed its excitement about Mohamed's leadership, highlighting his extensive experience and commitment to enhancing the bank's position in the financial services sector. The bank stated that Mohamed's appointment marks a significant move within Kenya's banking industry, as he takes the helm after leading one of the country's major lenders.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
