The appointment, issued on 29 June 2026, is subject to approval by the Central Bank of Kenya.
Mohamed’s exit from Absa Bank Kenya was announced effective 30 June 2026, ending his tenure as Managing Director and Chief Executive Officer.
He had served in the role for three years and has a 32-year career in banking and financial services.
In its announcement confirming his departure, Absa Bank Kenya stated that Mohamed was leaving to pursue other career opportunities.
The bank also confirmed the appointment of Chief Financial Officer Yusuf Omari as Interim Managing Director and Chief Executive Officer effective 1 July 2026, pending regulatory approval, as it commences the process of recruiting a substantive replacement.
I&M Group, in its statement, said Mohamed joins from Absa Bank Kenya, where he served as Managing Director and Chief Executive Officer.
The lender added that the appointment is subject to regulatory approval.
Mohamed has previously held senior leadership roles within the Absa and Barclays network, including Managing Director and Chief Executive Officer of Absa Bank Tanzania, Chief Operating Officer of Barclays Bank Kenya, and senior roles in retail and business banking across Kenya and Zambia.
