StanChart Bank CFO Chemutai Murgor resigns
The lender’s Company Secretary Judy Nyaga said Murgor will step down effective May 31, 2026. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Standard Chartered Bank Kenya Limited has announced the resignation of its Chief Financial Officer and Executive Director, Chemutai Murgor. Her departure is set to take effect on May 31, 2026, concluding a significant tenure with the bank.
- Chemutai Murgor has resigned after more than 15 years with Standard Chartered Bank Kenya Limited.
- The resignation follows closely after the departure announcement of the bank's Managing Director and CEO, Kariuki Ngari.
- This period of executive exits occurs in the wake of a Supreme Court ruling ordering the bank to pay approximately Sh7 billion to over 600 former employees in a pension dispute.
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ARM Cement to Shut Down After Unresolved Tax, Debt Liabilities - February 2026
Collapsed cement manufacturer ARM Cement Limited is set to wind up its operations due to mounting debt and unresolved tax liabilities, as confirmed by its joint administrators. At the same time, Standard Chartered Bank Kenya Limited announced the resignation of its Chief Financial Officer and Executive Director, Chemutai Murgor, effective May 31, 2026, concluding a significant tenure with the bank. Additionally, the Insurance Regulatory Authority identified Directline, Trident Insurance, and AMACO as the general insurers facing the highest number of customer complaints in Kenya during the third quarter of 2025. These three stories collectively highlight financial and corporate sector challenges in Kenya, including business collapse, executive departures, and regulatory issues.
