SBM Bank Appoints Bhartesh Shah its New CEO

SBM Bank (Kenya) Limited Board has appointed Bhartesh Shah its new Chief Executive Officer (CEO), effective May 9, 2024.

Shah replaces Moezz Mir who has served in this position for the past six years.

During this transition period, Mir will be on hand to provide support and ensure a seamless handover.

Shah’S 20 Years of Experience

Shah has more than 20 years of experience and possesses a strong background in banking, operational management, people management, strategy, and business acumen.

He has held executive positions at esteemed 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.

Also Read: SBM Bank files petition to liquidate E.A Cables over Ksh285m loan

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.

” 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,” said Sattar Hajee Abdoula, Chairman of the Board of Directors.

Under Shah’s leadership, SBM Bank Kenya is poised to embark on a journey of innovation, collaboration, and customer-centricity.

Shah said he aims to drive market share growth and lead the bank towards sustainable prosperity – with a focus on delivering shareholder value and exceptional customer experiences.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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