NAIROBI, Kenya — Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive, effective August 1, 2026, subject to the requisite regulatory approvals.
The appointment was announced by the bank’s Board of Directors, which said Mutiga’s extensive experience in banking, telecommunications and digital financial services would steer the lender through its next phase of growth and transformation.
Mutiga joins Stanbic Bank from Safaricom Plc, where he served as Chief Business Development and Strategy Officer. He brings more than 20 years of leadership experience spanning strategy, corporate finance, business growth, stakeholder engagement and large-scale operations management.
According to the bank, Mutiga holds a Master of Laws (LL.M.) from Temple University and a Bachelor of Laws (LL.B.) from the University of Nairobi. His career has earned him several industry accolades, including five Corporate Banker of the Year awards.
The Board said it is confident that Mutiga’s track record in strategy execution and business transformation will strengthen Stanbic Bank’s growth ambitions.
“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 bank said in a statement.
Stanbic Bank also thanked Abraham Ongenge, who has served as Acting Chief Executive since March 1, 2026, for providing steady leadership during the transition period.
The bank said Ongenge will continue serving in his substantive role as Head of Private and Personal Banking, where he will remain instrumental in advancing the institution’s growth and transformation agenda.