SBM Bank (Kenya) Limited board has picked Bhartesh Shah as its new Chief Executive Officer (CEO), effective May 9, 2024, after the departure of Moezz Mir who has served in that position for six years, exits.
During the transition period, Mr. Mir will be on hand to provide support and ensure a seamless handover.
“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,” the Chairman of the board of directors, Mr Sattar Hajee Abdoula, said.
Mr. Shah possesses a strong background in banking, operational management, people management, strategy, and business acumen – and, has held executive positions at financial institutions including I&M Group, Equity Group Holdings, Standard Chartered Bank, Citibank, and Midland Bank (HSBC) in various regions such as Eastern Africa, Singapore, and the United Kingdom.
He 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.
The Bank expressed its sincere appreciation to Mr Mir for his contribution to the growth of the bank since he commenced his tenure in 2018 – as the SBM Bank Kenya CEO, Moezz has overseen a period of transformation for the Organization.
Moezz was also recognised for establishing a strong foundation for the Bank’s operations across Kenya, marked by significant improvements in financial inclusion, innovative digital banking solutions, and a commitment to sustainable business practices.
