Standard Chartered Announces Leadership Changes as CFO Chemutai Murgor Exits After 25 Years

Standard Chartered Bank has announced leadership changes within the organisation.

In a statement dated Thursday, 26 February 2026, the Bank, through its Board of Directors, announced Chemutai Murgor’s resignation from her role as Chief Financial Officer (CFO) and Executive Director, effective May 31, 2026.

The Board stated that the resignation was made in line with the Capital Markets Authority, pursuant to the Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023.

“The Board of Directors wishes to announce the resignation of Chemutai Murgor from her role as Chief Financial Officer (CFO) and Executive Director of Standard Chartered Bank Kenya Limited, effective 31 May 2026,” read part of the notice.

Standard Chartered Bank Announces Leadership Changes

According to the Board, Chemutai has had a distinguished career, having served the Bank for over 25 years, complemented by extensive Board experience in both the private and public sectors, including with International NGOs.

In addition to her role as CFO for the Bank, Chemutai assumed expanded responsibilities as CFO for Standard Chartered Bank in East Africa and subsequently across Africa.

The Board credited her with enabling the Bank to achieve significant efficiencies, resulting in effective balance sheet management and sustainable growth. She was also credited with building a future-ready, forward-looking finance function by leveraging technology to enhance financial reporting.

Further, the Board stated that she has also been instrumental in leading transformational initiatives that have enabled the Bank to achieve its strategic objectives.

The Board also extended its appreciation to Chemutai for what it described as exemplary service and leadership, and wished her every success in her future endeavours.

Also Read: Standard Chartered Makes Leadership Changes as MD Kariuki Ngari Exits After 24 Years

Gladys Warirah to Replace Chemutai Murgor as CFO

At the same time, the Board announced the replacement of the outgoing CFO, with Gladys Warirah taking up that role.

The Board announced that her appointment is subject to the approval of the Central Bank of Kenya and the Capital Markets Authority and will take effect once the approvals are received.

“The Board of Directors is pleased to announce the appointment of Gladys Warirah as the Chief Financial Officer and Executive Director of Standard Chartered Bank Kenya Limited,” read part of the notice.

According to the Board, Gladys joined the Bank in 2013 as Financial Controller, then moved to Standard Chartered Bank Malaysia in 2023, where she is currently the Country Treasurer.

Also Read: EABL CFO and Executive Director Risper Ohaga Resigns

The Board stated that she has played a key role in delivering the Treasury strategy and in building a high-performing Treasury team.

With over 20 years of leadership experience in Treasury, Finance, Controllership, and Governance, the Board is confident that Gladys will bring significant expertise to the role.

Gladys is a former member of the Standard Chartered Kenya Staff Retirement Benefit Scheme Board of Trustees and the National Research Fund Board of Trustees, and is a former Chairperson of the Kenya Bankers Association Finance and Audit Committee.

She is a member of the Institute of Certified Public Accountants of Kenya (ICPAK) and a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).

The Board congratulated Gladys on her appointment and is confident that she will successfully build on the strong foundations already in place, further strengthening the finance function and supporting the Bank’s strategic ambitions.

Follow our WhatsApp channel for instant news updates

Standard Chartered Bank building in Nairobi CBD. PHOTO/NMG