The Board of Absa Bank Kenya has appointed Yusuf Omari to take over as Interim Chief Executive Officer and Managing Director effective 1 November 2022.

Yusuf Omari will replace Jeremy Awori who was appointed the new chief executive of Ecobank Group to replace Ade Ayeyemi who is set to retire after attaining the age of 60 in accordance with the bank’s policy.

Mr Awori announced his exit from Absa Bank Kenya in September after serving as chief executive for nearly 10 years.

The bank said the appointment of Yusuf Omari has received regulatory approval even as the Board completes the CEO succession process.

Yusuf has held a variety of senior positions within the Bank, including Regional Head of Internal Audit, Regional Head of Compliance and currently serves as the Chief Finance Officer (CFO), a role he has held since 2009.

He holds a Master’s in Business Administration from the Strathmore Business School and a Bachelor’s Degree in Economics from the University of Nairobi. He also holds an Advanced Management Programme (AMP) Certification from the International Institute of Management Development (IMD, Switzerland) and from Strathmore Business School in association with IESE Business School (Spain). Yusuf is a Fellow of the Institute of Certified Public Accountant (FCPA) and a member of the Institute of Certified Internal Auditors.

ch enables it offer end-to-end financial solutions to retail and institutional clients. It has also been associated with a number of market firsts, such as the launch of the first ATM, WhatsApp banking, Sharia-compliant banking and unsecured lending.