I&M Bank Appoints Abdi Mohamed as Kenya CEO
Veteran banker joins from Absa Kenya, bringing over three decades of regional leadership experience to drive the lender's next growth phase
I&M Group has appointed Abdi Mohamed as Chief Executive Officer of I&M Bank Kenya, pending regulatory approval from the Central Bank of Kenya (CBK), the lender announced on Monday.
Mohamed joins from Absa Bank Kenya, where he served as Country CEO and Managing Director, overseeing the bank’s growth and transformation strategy. He brings more than 30 years of experience across banking, financial services, and corporate leadership.
Before leading Absa Bank Kenya, Mohamed served as Managing Director and CEO of Absa Bank Tanzania, where he steered the institution’s rebranding from Barclays to Absa and oversaw a broader transformation of the business. He has also held roles as Chief Operating Officer at Barclays Bank Kenya, and as Retail and Business Banking Director in both Kenya and Zambia.
Commenting on the appointment, Sarit Raja-Shah, Group Executive Director at I&M Group PLC, said the Board was confident in Mohamed’s ability to lead the bank into its next phase.
“We are delighted to welcome Abdi to I&M Group at an exciting and important time in our journey as we continue to scale our business, deepen customer relationships, strengthen our market leadership and create sustainable value for all our stakeholders,” Raja-Shah said.
“With his extensive experience, proven leadership track record and deep understanding of the financial services landscape, the Board is confident that Abdi is well positioned to lead I&M Bank Kenya into its next phase of growth. He will play a critical role in advancing our strategic priorities, driving innovation, and expanding market share,” she added.
Beyond banking, Mohamed holds several board positions. He chairs the Kenya chapter of the U.N. Global Compact and sits on the boards of Touch Health Inc and Integrated Payment Systems Limited (IPSL).
The appointment marks a significant leadership transition for I&M Group, as the bank looks to accelerate growth through innovative financial services and a customer-centric strategy.
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