Standard Bank Group, Africa’s largest lender by assets, has appointed chief executive of its Zambian unit Charles Mudiwa to head its Kenyan operations.
Mr Mudiwa, who took over on Wednesday, replaces Philip Odera who has been reassigned a new role within the group ahead of his retirement.
“Mr Mudiwa has worked in different markets on the African continent and has 20 years banking experience,” Stanbic said in a statement on Thursday.
The 56-year-old Odera has been at helm of Stanbic Bank Kenya for about 29 months.
Prior to taking up his role in Kenya at the end of March 2015, the outgoing CEO was in charge of Stanbic Bank Uganda where he had served since 2007.
Mudiwa, a Zimbabwean, has been chief executive at Stanbic Bank Zambia since 2013 having served in the same capacity for the group’s unit in Malawi since 2007.