Updated 10 November 2026
The Stanbic Bank Kenya CEO is Michael Mutiga, who was appointed Chief Executive of Stanbic Bank Kenya Limited with effect from 1 August 2026. Mutiga joined the bank from Safaricom Plc, where he was Chief Business Development & Strategy Officer. He is not the same person as the chief executive of the listed parent, Stanbic Holdings Plc, a distinction the bank’s own leadership pages make clear. This profile sets out who he is, who sits on the bank’s board, the Kenya Leadership Council that reports to him, and how the job fits inside the wider Stanbic group.
Updated November 2026. The appointment date, career outline and education are taken from Michael Mutiga’s official leadership page. Board and council names come from the Stanbic Bank Kenya leadership index. Both pages were checked on 10 November 2026.
On this page
In this guide
- Who is the Stanbic Bank Kenya CEO in 2026?
- Michael Mutiga's background before Stanbic
- Stanbic Bank Kenya and Stanbic Holdings are not the same job
- The bank board that oversees the Stanbic Bank Kenya CEO
- The Kenya Leadership Council that reports to the CEO
- What the Stanbic Bank Kenya CEO's job involves
- Frequently asked questions
Who is the Stanbic Bank Kenya CEO in 2026?
Stanbic Bank Kenya Limited describes Michael Mutiga as its Chief Executive, appointed with effect from 1 August 2026. The bank is a subsidiary of Stanbic Holdings Plc, which is listed on the Nairobi Securities Exchange, and it is licensed and regulated by the Central Bank of Kenya. The CEO of the bank therefore answers to the bank’s board, and the group has a separate chief executive at holding-company level.
| Item | Detail |
|---|---|
| Current Stanbic Bank Kenya CEO | Michael Mutiga |
| In office since | 1 August 2026 |
| Title used by the bank | Chief Executive, Stanbic Bank Kenya Limited |
| Previous role | Chief Business Development & Strategy Officer, Safaricom Plc |
| Stanbic Holdings Plc chief executive | Dr Joshua Oigara (a different role, listed on the same leadership page) |
| Bank board chairman | Joseph L. O. Muganda |
| Regulator | Central Bank of Kenya |
The bank’s page does not name Mutiga’s immediate predecessor as Chief Executive of Stanbic Bank Kenya Limited, so this profile does not invent one. For other recent chief-executive changes at Kenyan companies, see our new CEOs in Kenya tracker and the Kenya Airways CEO profile.
Michael Mutiga’s background before Stanbic
According to the bank’s leadership page, Mutiga is a seasoned executive with more than 20 years of leadership experience across banking, telecommunications and digital financial services. The points the bank itself publishes are:
- Safaricom Plc: his last role before the bank appointment was Chief Business Development & Strategy Officer.
- Skills the bank highlights: strategy, corporate finance, business growth, stakeholder engagement and large-scale operations management.
- Education: a Master of Laws (LLM) from Temple University and a Bachelor of Laws (LLB, Honours) from the University of Nairobi.
- Awards cited by the bank: “five Corporate Banker of the Year awards.” The page does not name the awarding body or the years, so those details are not added here.
The mix is relevant to a Kenyan bank CEO’s job. Stanbic Bank Kenya runs personal and private banking, business and commercial banking, corporate and investment banking, and insurance and asset management. A chief executive with both banking and telco-digital experience is being asked to grow those franchises in a market where a large share of everyday payments already runs on mobile money.
Stanbic Bank Kenya and Stanbic Holdings are not the same job
Readers often search for “Stanbic CEO” and land on two different people. The official leadership index lists them separately:
- Dr Joshua Oigara is Chief Executive of Stanbic Holdings Plc, the listed parent. He also sits on the Stanbic Bank Kenya Limited board as a non-executive director.
- Michael Mutiga is Chief Executive of Stanbic Bank Kenya Limited, the licensed bank. He does not appear on the Holdings board list on that page.
The Holdings board, as listed on the same page, is chaired by L. O. Muganda (also named Joseph L. O. Muganda on the bank board). The other Holdings directors named there are Stephen O. Okello (independent non-executive), Rose B. Osoro, Sabira Thakker, and Nancy K. Kiruki as company secretary. If you want to buy the listed parent’s shares, our guide on how to buy shares on the NSE explains the mechanics.
The bank board that oversees the Stanbic Bank Kenya CEO
The leadership index lists the following directors of Stanbic Bank Kenya Limited:
| Director | Role on the bank board |
|---|---|
| Joseph L. O. Muganda | Chairman, Independent Non-Executive Director |
| Michael Mutiga | Chief Executive |
| Rose B. Osoro | Independent Non-Executive Director |
| Sabira Thakker | Independent Non-Executive Director |
| Geoffrey Aludo | Independent Non-Executive Director |
| Wambui K. Mbesa | Independent Non-Executive Director |
| Peter Schlebusch | Non-Executive Director |
| Dr Joshua Oigara | Non-Executive Director |
| Nancy K. Kiruki | Company Secretary |
The bank page does not publish a short biography for every director on the index, so the table is limited to the names and roles Stanbic itself lists. The presence of the Holdings chief executive on the bank board is the formal link between the listed parent and the licensed bank.
The Kenya Leadership Council that reports to the CEO
Under the Chief Executive, Stanbic publishes a Kenya Leadership Council. The names and titles on the leadership index on 10 November 2026 were:
- Jonathan Muga, Head, Corporate & Investment Banking (CIB)
- Abraham Ongenge, Head, Personal & Private Banking
- Florence Wanja, Head, Business & Commercial Banking
- Anjali Harkoo, Head, Insurance & Asset Management
- Dennis Musau, Chief Financial & Value Officer
- Edwin Mucai, Chief Risk Officer
- Lilian Onyach, Head, Brand & Marketing
- Mary Runana, Head, Compliance
- Nancy Kiruki, Head, Governance
- Alex Siboe, Head, Technology
- Charles Ochieng, Head, Operations
- Joshua Ndung’u, Head, Internal Audit
The council shows how the bank is organised day to day: three customer franchises (corporate and investment, personal and private, business and commercial), a dedicated insurance and asset-management head, and the usual control functions of finance, risk, compliance, governance, technology, operations and internal audit. Nancy Kiruki appears both as company secretary to the boards and as Head of Governance on the council.
What the Stanbic Bank Kenya CEO’s job involves
- Running a CBK-licensed bank: capital, liquidity, credit risk and conduct rules sit with the Central Bank of Kenya, and the CEO is the executive the bank board holds responsible for those obligations.
- The four customer businesses: corporate and investment banking, personal and private banking, business and commercial banking, and insurance and asset management, each headed by a member of the leadership council.
- Reporting into a listed parent: Stanbic Holdings Plc is the listed company; its own chief executive and board set group strategy, while the bank CEO runs the licensed subsidiary.
- Day-to-day banking: customers who want a dollar account, a loan or an investment product deal with the bank, not the holding company. Our guide on how to open a dollar account in Kenya covers the practical steps at Kenyan banks.
For other Kenyan business leaders, start at our people in Kenyan business hub. Pay figures for listed-company directors, where they are disclosed in annual reports, are collected on the CEO salaries in Kenya page. This profile does not guess Mutiga’s pay: Stanbic has not published a figure for him on the leadership pages cited above.
Frequently asked questions
Who is the current Stanbic Bank Kenya CEO?
Michael Mutiga is the Chief Executive of Stanbic Bank Kenya Limited. The bank’s leadership page says he was appointed with effect from 1 August 2026.
Is Michael Mutiga also the CEO of Stanbic Holdings?
No. Stanbic’s leadership index lists Dr Joshua Oigara as Chief Executive of Stanbic Holdings Plc, the listed parent. Mutiga is Chief Executive of the licensed bank, Stanbic Bank Kenya Limited.
What did Michael Mutiga do before joining Stanbic?
His last role, according to the bank, was Chief Business Development & Strategy Officer at Safaricom Plc. The bank says he has more than 20 years of leadership experience in banking, telecommunications and digital financial services.
Who chairs the Stanbic Bank Kenya board?
Joseph L. O. Muganda is listed as chairman and independent non-executive director of Stanbic Bank Kenya Limited. He is also named as chairman of Stanbic Holdings Plc on the same leadership page.
Who regulates Stanbic Bank Kenya?
Stanbic Bank Kenya is licensed and regulated by the Central Bank of Kenya. That is stated in the footer of the bank’s own website.
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