Charles Mudiwa retires from Stanbic Bank Kenya and South Sudan Subsidiary

Stanbic Bank Kenya and South Sudan Chief Executive, Charles Mudiwa retires after a long and illustrious career at Standard Bank Group spanning more than two decades
After an illustrious 20-year career at the Standard Bank Group, Chief Executive (CE),Charles Mudiwa
retires from the helm Stanbic Bank Kenya and South Sudan, effective 31st December 2022.

Charles has served in various capacities within Standard Bank Group, Africa’s largest bank by assets, that has presence in 20 markets across Sub-Saharan Africa. His previous roles include Executive Director and Chief Executive in multiple markets including Zimbabwe, South Africa, Zambia and Malawi.

Charles’ journey at Standard Bank Group started in 2002 when he joined Stanbic Bank Zimbabwe as Executive Director, transforming the bank from a niche player to a mass retail bank and successfully set up Agricultural Bank of Zimbabwe (AgriBank). His next assignment was at Standard Bank South Africa, with notable milestones in the role including Mzansi, the first interbank financial inclusion product in
South Africa which increased financial inclusion from 46% to 70%.Charles’ first Chief Executive role was at Standard Bank Malawi, where he turned around the business from number 3 to number 1. In his capacity as Chief Executive, Stanbic Bank Zambia Charles grew the bank to the most profitable bank in 2015, and moved Stanbic to the top of the chart, from number 4 to number 1.

Charles took the helm at Stanbic bank Kenya in 2017 and has played a significant role in transforming the organization.Under his leadership, the bank has grown tremendously in profitability, moving to position 7 from a starting point of position 9 in December 2017. Additionally,Charles has championed the bank’s transformation agenda, driving digitization and building of new capabilities. Today, over 98% of new accounts are opened digitally, 80% unsecured loans are disbursed digitally and 100%transactions at the Tea Auction in Mombasa are done digitally with the dominant share through Stanbic’s electronic
Billboard, all thanks to Charles’ leadership.

Charles is a diversity champion and notable in this regard was the launch of Standard Bank’s women banking propositions, Anakazi in Zambia and DADA (Dare to Aspire, Dare to Achieve) in Kenya. Both solutions have grown to become the top financial services solutions for women impacting more than 100,000 women collectively in both countries. With his passion for catalyzing inclusive Social Economic growth, he steered the formation of Stanbic Kenya Foundation which has touched and impacted thousands of lives across Kenya and South Sudan.

On behalf of the Board of Directors, the management team, and Stanbic Holdings employees, we want to thank Charles for his leadership and tremendous impact during his 20 years sojourn in various capacities within Standard Bank Group,” Kitili Mbathi, Stanbic Holdings, Board Chair. “A steadfast and strategic leader, Charles has steered the organization to greater heights, as demonstrated by our business returns, Stanbic’s continued partnership with its clients to make their dreams possible, and our contribution to Kenya’s growth.” He added, “The Board is indebted to Charles for his dedication and service to Stanbic Bank Kenya and indeed, Standard Bank, and wishes him the very best in his next chapter.”
Charles said: “I am indeed humbled to have served at Standard Bank Group over the last 20 years, playing a pivotal role as a change agent. I am confident that the group will continue to scale new heights, guided by its purposeful strategy to drive Africa’s growth while uplifting her people and ensure that all of the business activities deliver net-positive social, economic and environmental impacts for the economies and communities in which they operate.I would like to express my appreciation to all my colleagues, the wonderful people that I now call my family, many of whom have shaped my journey as Chief Executive and leader.I take the organization, the team, the memories and my incredible journey with me in my heart. It is now my time to get rewired and unplugged”.