NAIROBI, Kenya — I&M Group PLC has appointed seasoned banker Abdi Mohamed as the new Chief Executive Officer of I&M Bank Kenya, marking a major leadership transition for one of the country’s leading commercial banks.
In a statement released on Monday, the bank said the appointment is subject to approval by the Central Bank of Kenya (CBK).
Mohamed joins I&M Bank from Absa Bank Kenya, where he served as Chief Executive Officer and Managing Director, overseeing the bank’s growth strategy and transformation agenda.
“I&M Group is pleased to announce the appointment of Abdi Mohamed as its new Chief Executive Officer for I&M Kenya Limited, subject to approval from the Central Bank of Kenya,” the statement said.
The appointment brings to I&M more than three decades of experience in banking, financial services and corporate leadership.
Before taking the helm at Absa Bank Kenya, Mohamed served as Managing Director and CEO of Absa Bank Tanzania, where he led the institution through its transition from the Barclays brand to Absa. He has also held senior leadership positions as Chief Operating Officer at Barclays Bank Kenya and Retail and Business Banking Director in both Kenya and Zambia.
I&M Group Executive Director Sarit Raja-Shah welcomed the appointment, expressing confidence that Mohamed’s leadership would support the bank’s next phase of growth.
“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 banking experience and proven leadership record position him well to drive the lender’s strategic priorities.
“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 will play a critical role in advancing our strategic priorities, driving innovation and expanding market share,” he said.
Beyond banking, Mohamed has served on several corporate and non-profit boards. He is the chairman of the United Nations Global Compact Kenya Chapter and also serves on the boards of Touch Health Inc. and Integrated Payment Systems Limited (IPSL).
According to I&M Group, the leadership transition underscores the bank’s commitment to accelerating growth through innovation, customer-centric banking and sustainable value creation.
The lender said it remains focused on strengthening its position in Kenya’s highly competitive banking sector while expanding financial solutions for retail, business and corporate customers.
I&M Bank is a Tier One commercial bank headquartered in Nairobi and is wholly owned by I&M Group PLC, which is listed on the Nairobi Securities Exchange (NSE). The bank operates an extensive network across Kenya and has a growing regional presence.