Michael Mutiga appointed CEO of Stanbic Bank Kenya

Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer following approval from the Central Bank of Kenya. Mutiga succeeds Abraham Ongenge, who had been serving in an acting capacity.

Mutiga brings over two decades of experience in law, banking, and corporate strategy. His previous roles include serving as the Chief Business Development and Strategy Officer at Safaricom PLC, Managing Director and Head of Corporate Finance for Sub-Saharan Africa at Citibank, and senior positions at Absa.

The appointment follows a period of financial growth for the lender. For the first half of 2026, Stanbic Bank Kenya reported a profit after tax of KES 6.6 billion, with total assets increasing by 27 percent to KES 602 billion. Board Chairman Joe Muganda stated that Mutiga’s expertise in investment banking and telecommunications uniquely positions him to drive sustainable growth and digital transformation.