Executive Moves
Senior appointments, board changes, and leadership transitions shaping the financial industry.
I&M Bank Kenya Appointed Abdi Mohamed Chief Executive After Approval
I&M Bank Kenya appointed former Absa Kenya leader Abdi Mohamed chief executive from 5 October after regulatory approval; Business Daily reported his gardening leave ended early.
SEB Named Jonas Ahlström Acting CEO After Johan Torgeby Resigned
SEB named deputy chief executive Jonas Ahlström as acting CEO after Johan Torgeby resigned for personal reasons, ending nearly a decade as the Swedish bank's chief.
East African Development Bank appointed Anne Juuko to lead regional lender
The East African Development Bank appointed former Stanbic Bank Uganda chief Anne Juuko as director general, effective 2 October, while its council approved governance reforms for the lender’s next phase.
BNP Paribas appointed Annie Pin to lead Arval from April 2027
BNP Paribas appointed Annie Pin as Arval chief executive from 1 April 2027, while Alain van Groenendael will become chairman after an eight-year tenure leading the vehicle-leasing business.
Ecobank scheduled October shareholder vote on revoking unnamed directors’ mandates
Ecobank called a 26 October shareholder meeting to consider revoking directors’ mandates, while its formal notice withheld the identities, number and reasons behind the proposed board changes.
UAE’s Mashreq appointed Rajeev Bhatnagar as group chief risk officer
Mashreq appointed former BNY executive Rajeev Bhatnagar to lead group risk management, strengthening senior oversight as the UAE bank expands lending, deposits and international operations.
Seychelles appointed Sarah Lloyd as central bank governor for six-year term
Seychelles appointed Sarah Lloyd to lead its central bank for six years from 1 November, bringing the Absa risk executive back to the institution where she began her career.
Raymond James added four senior Jefferies bankers across advisory teams
Raymond James hired four senior bankers from Jefferies, expanding its consumer and retail coverage while establishing a dedicated leveraged-finance and debt-advisory practice in the United States.
JPMorgan dealmaker Hernan Cristerna set retirement for end of 2026
JPMorgan confirmed that global investment-banking and M&A executive chair Hernan Cristerna will retire at the end of 2026 after 30 years at the US lender.
India’s HDFC Bank Appointed Anup Bagchi CEO for Three-Year Term
India’s HDFC Bank appointed Anup Bagchi as managing director and chief executive for three years from 27 October, after the Reserve Bank of India approved the succession.
South African Reserve Bank appointed Franz Ruch as seventh MPC member
South African Reserve Bank appointed economist Franz Ruch as adviser to the governors and seventh Monetary Policy Committee member, effective 1 October, ahead of its November interest-rate decision.
Dubai Islamic Bank named Fadhel Al Ali as board chairman
Dubai Islamic Bank appointed Fadhel Abdulbaqi Al Ali as chairman, effective September 30, after its former chair stepped down and the central bank issued its no-objection.