Stanbic Bank Kenya Names Former Safaricom Executive Michael Mutiga as CEO

Stanbic Bank Kenya  has appointed Michael Mutiga as its new Chief Executive, with the appointment taking effect on August 1, 2026, subject to the requisite regulatory approvals. The bank’s Board of Directors announced the appointment, expressing confidence that Mutiga’s leadership will guide the lender through its next phase of growth and transformation.

Mutiga brings more than 20 years of leadership experience spanning banking, telecommunications and digital financial services. He joins Stanbic Bank Kenya from Safaricom Plc, where he most recently served as Chief Business Development & Strategy Officer. Over the course of his career, he has built expertise in strategy, corporate finance, business growth, stakeholder engagement and managing large-scale operations.

His academic credentials include a Master of Laws (LLM) degree from Temple University and a Bachelor of Laws (LLB, Honours) degree from the University of Nairobi. He has also received several industry recognitions, including five Corporate Banker of the Year awards.

The Board said it is confident that Mutiga’s proven track record in the banking sector, combined with his experience in strategy execution and business transformation, will strengthen Stanbic Bank Kenya’s position and support its continued growth. The directors added that they look forward to his leadership and contribution as he assumes the role.

The Board also expressed its appreciation to Abraham Ongenge for serving as Acting Chief Executive since March 1, 2026. It commended his leadership during the transition period, noting that he ensured operational continuity and advanced key strategic priorities. Ongenge will continue in his substantive role as Head of Private & Personal Banking, where he will support the bank’s ongoing growth and transformation agenda.