Charles Mudiwa To Retire As Stanbic Bank Kenya CEO After 20-Years

Stanbic Bank Kenya and South Sudan Chief Executive Charles Mudiwa is set to retire after two decades with the Bank effective December 31, 2022.

Under Standard Bank Group, Charles has served in various capacities such as Executive Director and Chief Executive spans Zimbabwe, South Africa, Zambia and Malawi.

Mudiwa began his journey at the Standard Bank Group in 2002, when he joined Stanbic Bank Zimbabwe as its Executive Director, growing the bank from a niche player to a mass retail bank before successfully setting up Agricultural Bank of Zimbabwe (AgriBank).

His next assignment was at Standard Bank South Africa where he introduced Mzansi, the first interbank financial inclusion product in South Africa that increased financial inclusion from 46 percent to 70 percent.

Mudiwa’s first Chief Executive role started with Standard Bank Malawi, where he turned around the business from number 3 to number 1.

In his capacity as Stanbic Bank Zambia Chief Executive, Charles grew the bank to the most profitable bank in 2015, and moved Stanbic to the top of the chart, from number 4 to number 1.

He took the helm at Stanbic bank Kenya in 2017, transforming the organization; Under his leadership, the bank’s profitability has grown, moving to position 7 from a starting point of position 9 in December 2017.

“On behalf of the Board of Directors, the management team, and Stanbic Holdings employees, we want to thank Charles for his leadership and tremendous impact during his 20 years sojourn in various capacities within Standard Bank Group,” Kitili Mbathi, Stanbic Holdings, Board Chair said.

Former KCB Chief Executive Officer (CEO) and Managing Director Joshua Oigara is among the people being fronted by the Standard Bank Group Kenya unit to replace CEO Mudiwa.

Oigara is a renowned executive who steered KCB to profit growth during his term from Jan 2013 to May 2022.