Absa Bank Kenya has appointed Abdi Mohamed as Chief Executive Officer (CEO) after receiving regulatory approval from the Central Bank of Kenya.
Mohamed takes over from Yusuf Omari, who has been serving in this capacity on an interim basis.
The lender’s board chairman, Charles Muchene, confirmed that Mohamed’s tenure will begin effective May 1, 2023.
“The Board is pleased to welcome Abdi back home, particularly at a time when the banking industry is experiencing increased digitalization, innovation, and significant shifts in demography and consumer behaviour,” Munene said in a statement.
“Within this context, Abdi will steer the Bank’s next strategic horizon where we seek to accelerate our shared growth agenda as an inclusive brand that is a force for good in our communities.”
Abdi holds a Bachelor of Commerce from Kenyatta University, Masters Business Administration Edith Cowan University and an Advanced Management Programme (IMD Business School – Switzerland).
Omari will resume his role as Chief Financial Officer (CFO). Similarly, who has been serving as interim CFO, will take up his previous position as the bank’s Chief Strategy Officer and Financial Director for Corporate and Investment Banking.