I&M Bank Kenya has announced the appointment of Abdi Mohamed as its new Chief Executive Officer, effective October 5, 2026. Mohamed's appointment comes after regulatory approval by the Central Bank of Kenya. He joins I&M Bank from Absa Bank Kenya, where he served as Country CEO and Managing Director. Mohamed brings over three decades of experience in banking, financial services, and corporate leadership to his new role.
Mohamed's appointment is expected to strengthen I&M Bank's strategic leadership as it seeks to expand its customer base and sustain growth. I&M Group Executive Director Sarit Raja Shah said Mohamed's banking experience, leadership credentials, and understanding of the Kenyan and regional financial services sector would be important in guiding the bank through its next phase of growth. Shah expressed confidence in Mohamed's ability to lead the bank's growth and digital transformation.
Before joining I&M Bank, Mohamed held senior leadership positions at Absa and has established a reputation in the financial services industry. He is the Chairperson of the UN Global Compact Network Kenya and serves on the Kenya Bankers Association Governing Council. Mohamed is also a board member of Integrated Payment Services Limited and Touch Health. His extensive experience and network are expected to contribute to I&M Bank's growth and development.
Mohamed said he was honoured to join an institution with a strong heritage and deep customer relationships. He pledged to work with employees, customers, and partners to build on the bank's achievements. Mohamed expressed his enthusiasm for the new role, stating that he looked forward to working closely with the team, customers, and partners to pursue the opportunities ahead.
Following Mohamed's appointment, Kihara Maina, who had been serving as interim CEO, resumes his position as Regional CEO of I&M Group. This leadership transition comes as I&M Bank continues to invest in innovation, digital banking, and customer experience. The lender, a Tier 1 commercial bank headquartered in Kenya, has operated for more than five decades and offers corporate, business, and personal financial services.
I&M Bank is pursuing growth, digital transformation, and stronger customer engagement in the competitive Kenyan banking sector. The bank's growth strategy is expected to benefit from Mohamed's leadership and experience. With a strong focus on innovation and customer experience, I&M Bank aims to expand its customer base and sustain growth in the Kenyan market.
Abdi Mohamed's appointment as I&M Bank Kenya CEO marks a new chapter for the bank. With his extensive experience and leadership credentials, Mohamed is well-positioned to drive the bank's growth and digital transformation. As he takes on his new role, Mohamed will work closely with the team, customers, and partners to build on the bank's achievements and pursue new opportunities.
Key points
- Abdi Mohamed brings over three decades of experience in banking, financial services, and corporate leadership to his new role as I&M Bank Kenya CEO.
- Mohamed's appointment is expected to strengthen I&M Bank's strategic leadership as it seeks to expand its customer base and sustain growth.
- The leadership transition comes as I&M Bank continues to invest in innovation, digital banking, and customer experience.
