Standard Chartered Bank chief executive officer Lamin Majang’ has left his position as the StanChart Kenya CEO.
Mr. Majang’ has left his position after leading the bank for a period of five years. He will now lead Stanchart Nigeria and West Africa region as CEO.
According to a statement from StanChart, Mr. Majang’ will now be replaced by Kariuki Ngare. “The board of Standard Chartered Bank Kenya Limited is pleased to announce the appointment of Mr Kariuki Ngari as the CEO and Managing Director of the company subject to regulatory approval,” StanChart said in a statement.
Mr. Manjang was appointed Managing Director and CEO of Standard Chartered Bank Kenya on 1 March 2014. Prior to his assignment in Kenya, he was the CEO of Standard Chartered Bank Oman. He has also served as CEO in Uganda and Sierra Leone.
On the other hand, Mr Ngare has over 23 years of experience. His immediate former assignment was in Singapore where he had been serving as Standard Chartered Bank Group’s Head of Service Quality in group retail banking. He started his banking career at Stanchart Kenya in 1994, then moved to Barclays Bank of Kenya in 2001 where he served as retail banking director.
He re-joined Stanchart in 2009 as head of consumer banking in Kenya and East Africa. He successfully led the franchise to commercial and industry success, earning him a promotion to the role of Regional Head of retail banking Africa in 2013. In 2015, he moved to Singapore as global head of retail distribution for Standard Chartered Bank Group.