Stanbic Bank Appoints Former Safaricom Executive Michael Mutiga as New CEO

Stanbic Bank Kenya has announced the appointment of Michael Mutiga as its new Chief Executive, effective August 1, 2026, subject to the required regulatory approvals.

The bank’s Board of Directors announced the appointment, saying Mutiga will lead the bank into its next phase of growth and transformation.

Mutiga brings more than 20 years of leadership experience in banking, telecommunications, and digital financial services.

Before joining Stanbic Bank, he served as the Chief Business Development and Strategy Officer at Safaricom PLC.

Experienced Leader Takes Over

According to the bank, Mutiga has extensive experience in strategy, corporate finance, business growth, stakeholder engagement, and managing large-scale operations.

He holds a Master of Laws (LLM) from Temple University and a Bachelor of Laws (LLB, Honours) from the University of Nairobi.

Throughout his career, he has received several industry recognitions, including five Corporate Banker of the Year awards.

Also Read:Consolidated Bank, Habitat for Humanity Kenya Announce New Tender Opportunities for Suppliers

Board Expresses Confidence in the New Appointment 

The Board said it believes Mutiga’s experience and leadership will help drive Stanbic Bank’s future success.

“The Board is confident that Mr. Mutiga’s proven track record in the banking sector, strategy execution and transformation will position Stanbic Bank for its next phase of growth.”

The Board also said it looks forward to his leadership and contribution as the bank continues to strengthen its operations and expand its business.

Also Read:KCB and Mastercard Launch New Payment Solution for Islamic Banking Customers

Appreciation for Acting CEO

Stanbic Bank also thanked Abraham Ongenge, who has served as Acting Chief Executive since March 1, 2026.

The Board praised his leadership during the transition period, saying he ensured stability in the bank’s operations and advanced key business priorities.

“The Board extends its sincere appreciation to Mr. Abraham Ongenge for his exemplary leadership and dedicated service as Acting Chief Executive since 1st March 2026.”

Ongenge will return to his substantive role as Head of Private & Personal Banking, where he will continue supporting the company’s growth and transformation agenda.

Mutiga Awaits Regulatory Approval

Mutiga’s appointment will officially take effect on August 1, 2026, once the necessary regulatory approvals have been granted.

Stanbic Bank said it is confident that his leadership will help the lender achieve its strategic goals and deliver long-term value to customers, employees, and shareholders.

Follow our WhatsApp channel for instant news updates

Stanbic Bank Announces Appointment of Michael Mutiga as CEO
PHOTO/Stanbic Bank