Paul Arithi 
Michael Mutiga,newly appointed Chief Executive Officer, Stanbic Bank Kenya effective August 1, 2026,subject to regulatory approvals
- Stanbic Bank Appoints Michael Mutiga as Chief Executive;
Stanbic Bank Kenya has appointed seasoned banker and corporate strategist Michael Mutiga as its new Chief Executive Officer, effective August 1, 2026, subject to regulatory approvals.
According to the Board, Mutiga’s extensive experience in strategy execution, corporate finance, business growth, stakeholder engagement and large-scale operations management positions him to steer Stanbic Bank through its next phase of growth.
“The Board of Directors is pleased to announce the appointment of Mr.Michael Mutiga as the Chief Executive of Stanbic Bank Kenya Limited effective 1st August 2026.
This appointment is subject to requisite regulatory approvals,” the bank said in a statement.
Mutiga returns to the banking sector after serving at Safaricom,having previously built a distinguished career in banking and corporate finance.
He is credited with leading strategic initiatives across financial services and digital transformation, making him one of Kenya’s most experienced corporate executives.
The incoming CEO holds a Master of Laws (LLM) from Temple University and a Bachelor of Laws (LLB) from the University of Nairobi (UoN).
Throughout his career,he has received several industry recognitions, including five Corporate Banker of the Year awards, reflecting his contribution to Kenya’s banking sector.
The Stanbic Bank Board expressed confidence that Mutiga’s leadership would strengthen the bank’s transformation agenda.
“The Board is confident that Mr.Mutiga’s proven track record in the banking sector,strategy execution and transformation will position Stanbic Bank for its next phase of growth.The Board looks forward to his leadership and contribution.”
Mutiga succeeds 
The Board praised Ongenge for providing stability during the transition period.
“During this period, he has provided steady leadership and strategic direction, ensuring continuity in Stanbic Bank’s operations and advancing key business priorities.”
It further noted that Ongenge would continue to play a key role in driving the bank’s long-term growth and transformation strategy.
The leadership change comes at a time when Kenya’s banking sector is undergoing rapid digital transformation, with financial institutions increasingly investing in technology,customer experience and innovative financial solutions to remain competitive.
