Stanbic Bank Kenya has named Michael Mutiga as its new Chief Executive after getting approval from the Central Bank of Kenya.
He steps into the role at a strong moment for the bank, which posted a profit after tax of KES 6.6 billion for the first half of 2026 while its total assets grew 27% to KES 602 billion.
Mutiga is a lawyer by training and a career banker. Before joining Stanbic Bank, he was Chief Business Development and Strategy Officer at Safaricom.
Before that, he spent around 15 years at Citibank, eventually becoming Managing Director and Head of Corporate Finance for Sub-Saharan Africa.
He also worked in investment banking at Barclays, which is now Absa. He studied law at the University of Nairobi and later earned a Master of Laws from Temple University in the US.
Board Chairman Joe Muganda said Mutiga’s mix of investment banking background and strategic experience from the telecom sector makes him well suited to lead the bank going forward.
“Michael is a highly respected leader with an extensive and successful career in banking and finance, both in Kenya and across Sub-Saharan Africa. His unique experience, combining deep investment banking expertise with strategic leadership in the telecommunications sector, uniquely positions him to steer Stanbic Bank Kenya into the future. We are confident he will build on our current momentum to drive sustainable growth, enhance customer experience, and deliver value to our shareholders.”
Mutiga said he wants to focus on strengthening customer relationships, pushing forward the bank’s digital transformation, and supporting key sectors of Kenya’s economy.
“This is a formidable institution with a rich history in this country and a very strong foundation for future growth. The bank’s recent performance is a testament to the talented team and their commitment to our clients. I look forward to working with my colleagues to deepen our customer relationships, accelerate our digital transformation agenda, and partner with key sectors of the economy to drive Kenya’s sustainable development.”
He takes over from Abraham Ongenge, who had been serving as acting CEO since March 2026. Ongenge is now returning to his previous position as Head of Personal and Private Banking. The board thanked him for steering the bank through the transition period.
