Absa Bank Kenya has announced the resignation of its Chief Executive Officer, Abdi Mohamed, bringing to an end his tenure of just over three years at the helm of the lender.
The bank said Chief Finance Officer Yusuf Omari will assume the role of interim Chief Executive Officer as the board embarks on the process of recruiting a substantive CEO.
This marks the second time Omari has been called upon to steer the bank in an acting capacity, having previously taken over the position in 2022 following the departure of former CEO Jeremy Awori.
Omari is a seasoned finance and banking professional with more than two decades of experience at Absa Bank Kenya. He joined the lender in 2004 from audit firm KPMG, where he had worked between 1998 and 2004.
During his time at the bank, he has held several senior leadership positions, including Head of Internal Audit for the East and West Africa cluster from 2004 to 2008 and Head of Compliance between 2008 and 2009.
He was appointed Chief Financial Officer in 2009, a role he has held for over 15 years while overseeing the bank’s financial strategy and performance.
Omari is also a qualified Certified Public Accountant (CPA) and Certified Internal Auditor. He is a member of the Institute of Chartered Public Accountants of Kenya (ICPAK) and the Institute of Internal Auditors (IIA).
Beyond his executive responsibilities, he serves on the boards of the University of Nairobi Enterprise Services and ICPAK.
Academically, he holds a Master of Business Administration from Strathmore Business School and a Bachelor’s degree in Economics from the University of Nairobi.
His extensive institutional knowledge and leadership experience are expected to provide continuity as the bank transitions to new leadership.
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