Abdi Mohamed Quits Absa Bank, Becomes CEO I&M Bank Hours Later

I&M Group has appointed Abdi Mohamed as its new Chief Executive Officer for I&M Kenya Limited, subject to approval from the Central Bank of Kenya, hours after he quit Absa Bank.

Mr. Mohamed joins I&M Bank from Absa Bank Kenya, where he served as the country CEO and Managing Director, a role in which he led the growth and transformation of the organization. He is a distinguished business leader with more than three decades of experience in banking, financial services, and corporate leadership.

Before leading Absa Bank Kenya, Abdi served as Managing Director and CEO of Absa Bank Tanzania, where he successfully led the rebranding of the organization from Barclays to Absa and led a transformative phase of the organization. He has also served as Chief Operating Officer for Barclays Bank Kenya, Retail and Business Banking Director in both Kenya and Zambia.

Commenting on the appointment, Sarit Raja-Shah, Group Executive Director, I&M Group PLC, said:

“We are delighted to welcome Abdi to I&M Group at an exciting and important time in our journey as we continue to scale our business, deepen customer relationships, strengthen our market leadership and create sustainable value for all our stakeholders.”

“With his extensive experience, proven leadership track record, and deep understanding of the financial services landscape, the Board is confident that Abdi is well-positioned to lead I&M Bank Kenya into its next phase of growth. He will play a critical role in advancing our strategic priorities, driving innovation, and expanding market share.

Beyond his banking career, Abdi holds a number of board positions. He is the chairman of the U.N. Global Compact – Kenya chapter and serves on the boards of Touch Health Inc, and Integrated Payment Systems Limited (IPSL).

This leadership transition marks an important milestone for I&M Group, underscoring the Bank’s commitment to accelerating growth through innovative financial services and a customer-centric approach.

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