I&M Group Appoints Abdi Mohamed as CEO of I&M Bank Kenya
He brings more than 30 years of experience in the banking and financial services industry, with expertise spanning retail and corporate banking, operations, risk management, digital transformation, and strategic leadership across multiple African markets.
I&M Group PLC has announced the appointment of Abdi Mohamed as the Chief Executive Officer of I&M Bank Limited, Kenya, marking a significant leadership transition for the financial institution. The appointment is subject to regulatory approval by the Central Bank of Kenya.
Mohamed joins I&M Bank from Absa Bank Kenya PLC, where he served as Chief Executive Officer and Managing Director. He brings more than 30 years of experience in the banking and financial services industry, with expertise spanning retail and corporate banking, operations, risk management, digital transformation, and strategic leadership across multiple African markets.
In announcing the appointment, the Board of I&M Group expressed confidence that Mohamed’s extensive industry experience and strategic leadership will steer the bank through its next phase of growth and transformation. The Board said his deep understanding of the financial services sector positions him well to strengthen the bank’s competitiveness and drive its long-term strategic objectives.
Pending regulatory approval, Kihara Maina will continue serving in his dual role as Interim Chief Executive Officer of I&M Bank and Regional CEO of I&M Group, ensuring continuity in the bank’s operations during the transition period.
The Board welcomed Abdi Mohamed to I&M Bank and expressed its best wishes for his success as he prepares to assume the leadership role.
