Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer, effective 1 August 2026, subject to the necessary regulatory approvals, marking a significant leadership transition as the bank continues its growth and transformation journey.
Mutiga joins the bank with more than 20 years of executive leadership experience across banking, telecommunications and digital financial services. He previously served as Chief Business Development & Strategy Officer at Safaricom Plc, where he played a key role in driving strategic growth, business development and transformation initiatives. Throughout his career, he has developed extensive expertise in corporate finance, strategy execution, stakeholder management and leading large-scale business operations.
His academic background includes a Master of Laws (LLM) from Temple University and a Bachelor of Laws (LLB, Honours) from the University of Nairobi. He has also received multiple industry recognitions, including five Corporate Banker of the Year awards, reflecting his contribution to Kenya’s financial services sector.
According to the Board of Directors, Mutiga’s appointment reflects confidence in his ability to strengthen Stanbic Bank Kenya’s market position while leading the bank through its next phase of innovation, sustainable growth and customer-focused transformation. His experience across both financial services and technology is expected to support the bank’s long-term strategic ambitions.
The Board also thanked Abraham Ongenge for his leadership as Acting Chief Executive since March 2026, acknowledging his role in ensuring operational continuity during the transition. Ongenge will continue serving as Head of Private & Personal Banking, supporting the bank’s ongoing growth agenda.
