I&M Group PLC has announced the appointment of Abdi Mohamed as the new Chief Executive Officer of I&M Bank Kenya Limited, subject to approval by the Central Bank of Kenya (CBK).
Mohamed joins I&M Bank from Absa Bank Kenya, where he served as Managing Director and Chief Executive Officer, overseeing the bank’s growth and transformation agenda during his tenure.
He brings more than 30 years of experience in banking, financial services, and corporate leadership. His extensive career includes senior roles across East Africa, having previously served as Managing Director and CEO of Absa Bank Tanzania, where he led the institution’s transition from Barclays to Absa and guided the bank through a major transformation phase.
Before his appointment in Tanzania, Mohamed served as Chief Operating Officer at Barclays Bank Kenya and held leadership roles as Retail and Business Banking Director in both Kenya and Zambia.
Commenting on the appointment, I&M Group Executive Director Sarit Raja-Shah said the bank was pleased to welcome Mohamed at a critical stage in its growth journey.
“We are delighted to welcome Abdi to I&M Group at an exciting and important time in our journey as we continue to scale our business, deepen customer relationships, strengthen our market leadership and create sustainable value for all our stakeholders,” Raja-Shah said.
He added that Mohamed’s extensive experience, leadership record, and understanding of the financial services sector positioned him well to guide I&M Bank Kenya into its next phase of growth.
“With his extensive experience, proven leadership track record and deep understanding of the financial services landscape, the Board is confident that Abdi is well positioned to lead I&M Bank Kenya into its next phase of growth,” he said.
Mohamed is expected to drive the bank’s strategic priorities, including innovation, customer-focused financial solutions, and expansion of its market presence.
Beyond his banking career, Mohamed serves in several leadership capacities. He is the Chairperson of the United Nations Global Compact – Kenya chapter and sits on the boards of Touch Health Inc and Integrated Payment Systems Limited (IPSL).
The appointment marks a new chapter for I&M Group as the financial institution seeks to accelerate growth through innovative banking solutions and a stronger customer-centric approach.
