Stanbic Bank Kenya has named Michael Mutiga as its next Chief Executive Officer, effective 1 August 2026, subject to Central Bank of Kenya approval. Mutiga joins from Safaricom, where he served as Chief Business Development and Strategy Officer, and brings a career blend of investment banking and telecommunications strategy to the top role at the lender. His appointment ends a period of acting leadership at the bank.
Mutiga is a career banker and lawyer with more than two decades of experience across banking, telecommunications and digital financial services. He spent 15 years at Citibank, rising to Managing Director and Head of Corporate Finance for Sub-Saharan Africa, before joining Safaricom.
CAREER SPANS INVESTMENT BANKING AND TELECOMS
He has received five Corporate Banker of the Year awards.
Prior to Citibank, Mutiga held senior investment banking roles at Barclays (now Absa). He holds a Bachelor of Laws from the University of Nairobi and a Master of Laws from Temple University.
The board said it was confident that Mutiga's track record in banking, combined with his experience in strategy execution and business transformation, would strengthen Stanbic Bank Kenya's position and support its continued growth.
TRANSITION FROM ACTING LEADERSHIP
Mutiga replaces Abraham Ongenge, who has led the bank in an acting capacity since March 2026. Ongenge will continue in his substantive role as Head of Personal and Private Banking.
Mutiga's start on 1 August is subject to regulatory approvals.