Stanbic Bank Kenya Appoints Michael Mutiga as New CEO

By InstinctBusiness Jul 17, 2026 0

Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer, effective August 1, 2026, subject to regulatory approval.

Mutiga joins the lender from Safaricom, where he served as Chief Business Development & Strategy Officer, bringing more than two decades of leadership experience spanning banking, telecommunications and digital financial services.

His appointment marks a significant leadership transition for the bank as it continues to strengthen its position in Kenya’s competitive financial services sector while advancing its digital transformation agenda.

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Mutiga succeeds Abraham Ongenge, who has served as Acting Chief Executive Officer since March 1, 2026. Ongenge will return to his substantive role as Head of Private & Personal Banking following the leadership transition.

Over the course of his career, Mutiga has held senior executive positions across the financial and technology sectors, leading strategy, business development and transformation initiatives. His experience at Safaricom, combined with his background in banking, positions him to lead Stanbic Bank Kenya’s next phase of growth as the institution continues to expand its customer-focused offerings and digital capabilities.

His appointment reflects Stanbic Bank Kenya’s commitment to strengthening executive leadership with professionals who possess deep expertise in innovation, financial services and strategic business growth.

Pending regulatory approval, Mutiga will assume office on August 1 and will oversee the bank’s strategic priorities, including business growth, customer experience, operational excellence and digital innovation.