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Originally published by Capital Business
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business
January 22, 2026
16h ago

StanChart MD Ngari to retire after seven years

StanChart MD Ngari to retire after seven years

NAIROBI, Kenya, Jan 22 - Standard Chartered Bank Kenya Managing Director and Chief Executive Officer Kariuki Ngari is set to retire after 24 years with Kenya breaking news | Kenya news today |..

✨ Key Highlights

Standard Chartered Bank Kenya Managing Director and CEO Kariuki Ngari is set to retire on April 16, 2026, after 24 years with the bank, including seven years in his current role. His tenure was marked by significant digital transformation and strong financial performance for shareholders.

  • Kariuki Ngari led a transformation resulting in over 90 percent of transactions being completed digitally.
  • The bank saw significant growth in its Assets Under Management (AUM) under his leadership.
  • However, StanChart was ordered to pay approximately Sh7 billion to over 600 former employees due to a pension miscalculation case lost at the Supreme Court of Kenya.

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