I&M Group has announced the appointment of Abdi Mohamed as the new Chief Executive Officer of I&M Bank Kenya, subject to approval by the Central Bank of Kenya.
Mohamed joins I&M from Absa Bank Kenya, where he served as Chief Executive Officer and Managing Director since May 2023.
Before taking over the Kenyan business, he was the Managing Director and CEO of Absa Bank Tanzania, where he oversaw the institution’s transition from the Barclays brand to Absa and spearheaded a major transformation programme.
His banking career also includes senior leadership roles at Barclays Bank Kenya, where he served as Chief Operating Officer, as well as Retail and Business Banking Director in both Kenya and Zambia.
Earlier on Monday, Absa Bank Kenya confirmed Mohamed’s resignation, paving the way for his move to I&M.
The appointment will take effect upon receiving regulatory approval from the Central Bank of Kenya.
