Kariuki Ngari will be the new chief executive officer and managing director of Standard Chartered Bank Kenya Limited starting March, taking over from Lamin Manjang who has held the position since 2014.
Mr Ngari started his banking career in the same bank in 1994 but things started clicking for him when he successfully transformed the retail banking division of the Standard Chartered Bank not only in Africa but also globally. Over the years, he has helped deliver superior customer experience by migrating clients to digital channels while integrating client centricity in process designs.
He moved to Barclays Bank of Kenya in 2001 where he became the retail-banking director for eight years. In 2009, he re-joined Standard Chartered as the head of consumer banking for Kenya and East Africa. However, due to his success in four years he was appointed to the role of regional head – retail banking, Africa. Apart from this, he also worked overseas at Singapore whereby he was the Global Head, Retail Distribution for Standard Chartered Bank Group.
He joins the Kenyan unit at a time when net profit for the nine months ending September 2018 rose to Sh6.3 billion thanks to high revenues from government securities, fees and commissions and a fall in provision for bad loans. The accomplished career banker boasts 23 years of experience.