I&M Bank Kenya has announced a leadership transition following the exit of its Chief Executive Officer, Mr. Gul Khan, who will be stepping down to pursue other interests. The bank’s Board of Directors has appointed Mr. Kihara Maina, the current Regional CEO at I&M Group PLC, as the Interim CEO of I&M Bank Kenya, pending regulatory approval.
Leadership Transition at I&M Bank Kenya
In a statement to customers, I&M Bank said that operations and service delivery will continue without interruption during the transition period. The bank expressed full confidence in Kihara’s ability to lead, citing his extensive experience and deep understanding of the institution’s business and strategy.
“We have full confidence in Kihara’s ability to steer the bank during this transition,” the board said. “His proven leadership and experience within the Group make him exceptionally well-suited to guide the bank forward.”
About Gul Khan
Gul Khan joined I&M Bank Kenya in early 2023, bringing with him more than 25 years of international experience in the financial services industry. His career spans leadership roles across Europe, North America, Asia, the Middle East, and Africa, with a strong focus on digital banking transformation and innovation.
Under his leadership, I&M Bank Kenya accelerated its digital transformation initiatives, introducing innovative mobile banking solutions and enhancing customer experience through technology-driven services.
About Kihara Maina
Kihara Maina, who now assumes the interim CEO role, has a long history with I&M Group. He previously served as CEO of I&M Bank Kenya from 2016 to 2022 before being promoted to Regional CEO at I&M Group PLC.
A seasoned banking executive with over 30 years of experience, Kihara has also held senior roles at Barclays Bank Tanzania (now Absa Bank Tanzania). He holds a Bachelor of Science in Mathematics from Moi University and an Executive MBA from the University of Chicago Booth School of Business.
His leadership within I&M Group has been marked by a focus on sustainable growth, digital innovation, and regional expansion across East Africa.
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Continuity and Customer Confidence
The I&M Bank Board reassured customers and partners that all services and operations will continue as normal. “Our commitment to delivering reliable, innovative, and high-quality financial services remains unchanged,” the statement said.
Kihara’s appointment is expected to ensure a smooth transition as the bank continues implementing its five-year growth strategy, which focuses on digital transformation, regional expansion, and customer-centric innovation.
About I&M Bank Kenya
I&M Bank Kenya, a subsidiary of I&M Group PLC, is one of the country’s leading commercial banks, offering a full range of personal, business, and corporate banking services. The bank is known for its strong digital footprint and commitment to excellence in financial innovation across the East African region.
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