SBM Bank (Kenya) Limited has declared the appointment of Bhartesh Shah as its new Chief Executive Officer (CEO), effective Thursday, succeeding Moezz Mir, who held the position for the past six years.

Sattar Hajee Abdoula, Chairman of the Board of Directors, said in a statement, "On behalf of the Board of Directors, I am delighted to announce the appointment of Mr. Bhartesh Shah as the new CEO of SBM Bank (Kenya)"

Shah, with an extensive career spanning over twenty years in the financial sector across Eastern Africa, Singapore, and the United Kingdom, brings a wealth of experience and strategic insight to SBM Bank (Kenya).

Abdoula expressed confidence in Shah's capabilities, noting, "He is a well-suited candidate for the position and will lead the Bank in achieving its growth goals to become the predominant leader in the Kenyan market. His strategic vision will drive essential business transformation to enhance the impact on economies and communities in our vicinity."

During the transition phase, Mir will be available to facilitate a smooth handover.

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Shah's professional journey includes executive roles at prominent institutions such as I&M Group, Equity Group Holdings, Standard Chartered Bank, Citibank, and Midland Bank (HSBC).

Shah holds a Master of Business Administration (MBA) from the University of Warwick-Warwick Business School and a Bachelor of Science in Banking and Finance from Loughborough University, United Kingdom.

Abdoula emphasized Shah's strategic vision, highlighting the anticipated journey of innovation, collaboration, and customer-centricity under his leadership.

Shah aims to drive market share growth, delivering shareholder value while prioritizing exceptional customer experiences.

The Bank expressed gratitude to Mir for his contributions, acknowledging his successful leadership during his tenure.

Mir's achievements include significant strides in financial inclusion, innovative digital banking solutions, and a commitment to sustainable business practices, laying a robust foundation for SBM Bank Kenya's operations.

With Shah at the helm, SBM Bank Kenya enters a new phase, poised for innovation, collaboration, and market leadership, aligning with the institution's commitment to driving sustainable prosperity and delivering unparalleled customer service.