SBM Bank Kenya names Bhartesh Shah as CEO. Shah brings over 20 years of experience to lead the bank’s growth strategy, customer focus, and market share expansion in Kenya.
Bhartesh Shah has been named SBM Bank Kenya’s Chief Executive Officer (CEO), effective May 9th, 2024. Mr. Shah succeeds Moezz Mir, who served for six years and is transitioning to pursue other opportunities.
Bhartesh Shah brings over two decades of experience in banking, operations, strategy, and leadership to SBM Bank Kenya.
He has held executive positions at prestigious institutions across Eastern Africa, Singapore, and the UK, including I&M Group, Equity Group Holdings, Standard Chartered Bank, Citibank, and Midland Bank (HSBC).
Mr. Shah holds an MBA from the University of Warwick and a Bachelor of Science in Banking and Finance from Loughborough University.
SBM Board Chairman, Sattar Hajee Abdoula, says he has confidence in Mr. Shah’s ability to lead SBM Bank Kenya to become a dominant player in the Kenyan market.
He highlighted Mr Shah’s strategic vision for driving innovation, collaboration, and a customer-centric approach. Under Mr. Shah’s leadership, the bank aims to deliver exceptional customer experiences, increase market share, and achieve sustainable growth.
During his tenure, Mr. Mir oversaw a period of significant transformation, including expanding financial inclusion, implementing innovative digital solutions, and promoting sustainable business practices.
SBM has a network of 39 branches across the country.
The bank is owned by SBM Holdings Ltd based in Mauritius (SBM Group-majority owned by the government of Mauritius and associated entities).
It entered the Kenyan market in 2017 through acquisitions of Fidelity and 75 per cent of assets and liabilities in the Chase Bank Limited in Receivership (CBLIR).
