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Standard Chartered Bank has announced a series of top leadership changes across its African operations, naming Nigerian banker Dalu Ajene as its new Chief Executive Officer (CEO) for Africa. The appointment comes amid the impending retirement of Kariuki Ngari, who has been serving in a dual role as Africa CEO and Kenya chief executive. Biju Sanghrajka has been appointed as Ngari’s successor in Kenya. Dalu Ajene appointed CEO, Africa On January 20, 2026, Standard Chartered announced the appointment of Dalu Ajene as Chief Executive Officer for Africa, with dual responsibilities as Head of Coverage for Africa. In this role, Ajene…
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Less than a year after Standard Chartered Bank announced plans to exit its Wealth and Retail Business (WRB) segment as part of a global restructuring strategy, the long-anticipated transaction has now materialized. Absa, just like many had projected, has stepped in as the acquirer, with the deal formally announced on 24 October, expected to transfer all Standard Chartered’s WRB clients, assets, and employees to Absa. It is one of the most significant realignments in Uganda’s banking sector in recent years, following Standard Chartered’s November 2024 declaration of intent to divest from retail operations to focus on its Corporate and Investment…
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Absa Bank Uganda has entered into an agreement to acquire the Wealth and Retail Banking (WRB) business of Standard Chartered Bank Uganda. The acquisition marks a major shift in Uganda’s…
Kariuki Ngari, an accomplished Kenyan career banker with over 30 years of experience has been promoted to the role of Chief Executive Officer of the Standard Chartered Bank Africa region. The role is an additional responsibility, and a highlight in his career as he continues his role as Managing Director of Standard Chartered Bank Kenya. The seasoned financial professional has held various senior leadership roles across the banking industry at both Country ( Kenya) Cluster ( East Africa) Regional ( Africa, Middle East, Jersey) and Global ( Singapore-based). Kariuki’s professional career spans several positions in Retail, Corporate, Treasury and Risk…
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Kariuki Ngari usually refers to himself as a village boy at heart. Born and raised on the slopes of Mt. Kenya, he has risen to become a global citizen, leading Kenya’s largest international bank, Standard Chartered Bank (SCB). Kariuki was born to a teacher and a homemaker, the only boy amongst seven sisters. His father imbued him with humility. “In our household, there was always equality in education and in the allocation of chores,” Ngari once stated in an interview. Ngari would later leave the village to pursue high school education in Nairobi School nicknamed “Patch”, where he continued to…
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