Sidian Bank poaches John Okulo from KCB for MD, CEO post
Okulo joins from KCB Bank Kenya, where he currently serves as Director of Corporate Banking, overseeing strategic client relationships, financial performance, and risk frameworks. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Sidian Bank has appointed John Okulo as its new Managing Director and Chief Executive Officer, effective May 1, 2026. Okulo joins from KCB Bank Kenya, where he was the Director of Corporate Banking.
- Sidian Bank reported a 502 percent jump in net profit to Sh1.73 billion for the year ended December 31, 2025.
- John Okulo will replace Chege Thumbi, who is retiring on June 30, 2026, after a significant transformation of the lender.
- Thumbi's tenure saw the bank grow its trade finance portfolio, expand to fifty branches, and enhance digital banking and foreign exchange income streams, culminating in its elevation to a Tier II bank in September 2025.
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Sidian Bank Poaches John Okulo from KCB for MD, CEO Post - March 2026
Sidian Bank has appointed John Okulo as its new Managing Director and Chief Executive Officer, effective May 1, 2026, recruiting him from KCB Bank Kenya where he was Director of Corporate Banking. KCB has responded by appointing Peter Kipkorir Ng'eno as its new Director of Corporate Banking, effective March 27, 2026, subject to regulatory approval. Additionally, KCB Bank Kenya has secured Sh12.5 billion from the Green Climate Fund to support green projects for Micro, Small and Medium Enterprises and farmers. These developments highlight significant movement in Kenya's banking sector with executive transitions and new financing arrangements.
