Standard Chartered Bank Kenya Limited has announced a major leadership transition, with long-serving Managing Director and Chief Executive Officer Kariuki Ngari set to retire in April 2026, bringing to a close a distinguished 24-year career with the global banking group.
The Board has appointed Birju Sanghrajka as the incoming Managing Director and Chief Executive Officer, and Head of Coverage for Kenya, subject to regulatory approvals.
Mr. Sanghrajka will formally assume the role on April 16, 2026, succeeding Mr. Ngari, who has led the Kenya franchise since 2019.
The transition marks a new chapter for one of Kenya’s leading international banks, coming at a time when the institution has firmly embedded digital transformation, strengthened financial performance, and expanded its sustainability footprint.
During his tenure as CEO, Mr. Ngari oversaw a period of significant strategic transformation. Under his leadership, Standard Chartered Kenya accelerated its shift to digital banking, with more than 90 per cent of transactions now conducted digitally across Wealth and Retail Banking as well as Corporate and Investment Banking.
This digital-first approach not only enhanced customer convenience but also strengthened operational efficiency and resilience.
The Bank’s shareholders also benefited from robust and consistent financial performance during this period, reflecting disciplined execution, prudent risk management, and a clear strategic focus.
A key highlight of Mr. Ngari’s leadership was the repositioning of the Wealth and Retail Banking segment. Traditionally centred on savings, the business evolved into a wealth-led franchise offering world-class advisory capabilities and investment solutions.
This transformation was evidenced by a significant growth in Assets Under Management (AUM), bringing them into alignment with the Bank’s deposit base.
Beyond financial metrics, Mr. Ngari played a central role in advancing the Bank’s sustainability and community impact agenda. He championed initiatives aligned with global Environmental, Social and Governance (ESG) standards, reinforcing Standard Chartered’s role as a purpose-driven institution.
Through flagship programmes focused on employment and entrepreneurship, particularly under the Futuremakers initiative, the Bank deepened its engagement with communities across Kenya.
The Standard Chartered Nairobi Marathon, one of the Bank’s most visible social impact platforms, recorded notable growth during his tenure.
Participation increased by 78 per cent, while funds raised for Futuremakers rose by 76 per cent to a record KES 76 million, underscoring the growing public support for the Bank’s social investment agenda.
Incoming CEO Birju Sanghrajka brings deep institutional knowledge and extensive international experience to the role. He currently serves as Head of Corporate and Investment Banking Coverage for Kenya and has been an Executive Director on the Board since July 2021. With more than 26 years at Standard Chartered, Mr. Sanghrajka has held senior leadership positions across multiple markets, including Kenya, the United Kingdom, South Africa, and the United Arab Emirates.
His career has been defined by strong client relationships, cross-border banking expertise, and a proven ability to build high-performing teams while delivering innovative financial solutions.
The Board views his appointment as a natural progression that ensures leadership continuity while positioning the Bank for its next phase of sustainable, value-driven growth.
Commenting on the transition, Board Chairperson Kellen Kariuki praised the outgoing CEO’s impact, noting that Mr. Ngari’s stewardship had delivered strong financial outcomes, accelerated digital adoption, and deepened the Bank’s community footprint. He added that the Board was confident Mr. Sanghrajka would build on this foundation and successfully steer the institution forward.
Reflecting on his planned retirement, Mr. Ngari described his tenure as a privilege, highlighting the opportunity to work with colleagues, nurture talent, and serve clients over more than two decades.
He noted that the transformation achieved during his leadership was a collective effort and said he departs with gratitude and pride in what the team accomplished.
Mr. Sanghrajka, in his remarks, said he was honoured by the Board’s confidence and excited to lead the Kenya franchise. He acknowledged Mr. Ngari’s legacy of performance and purpose, and emphasized his commitment to deepening client relationships, leveraging Standard Chartered’s global network, and continuing to invest in world-class solutions that support Kenya’s economic growth.
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The leadership change underscores Standard Chartered Kenya’s focus on continuity, long-term strategy, and sustainable impact as it navigates an increasingly digital and competitive banking landscape.