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I&M Bank poaches Absa Kenya CEO Abdi Mohamed
Abdi Mohamed, CEO of Absa Bank Kenya gives his remarks during the launch of the 2022 Kenyan Banking Sector Total Tax Contribution study by PricewaterhouseCoopers Limited (PwC)and Kenya Bankers Association on August 2, 2023, at Serena Hotel, Nairobi.
I&M Bank has poached its larger rival Absa Bank Kenya's chief executive Abdi Mohamed, underscoring the ambitions of the smaller lender that has been expanding aggressively in recent years.
The sudden move by Mr Mohamed to I&M Bank –the Kenyan banking subsidiary of I&M Group— marks a rare spectacle in the corporate world where CEO transitions are usually carefully planned to ensure smooth handovers.
