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Yusuf Omari: Illustrious Career Of Interim Absa Bank CEO

Yusuf Omari is Absa Bank Kenya Interim Chief Executive Officer and Managing Director.

He was appointed to the position effective November 1, 2022 to replace Jeremy Awori who was appointed the new Ecobank Group CEO.

Yusuf will hold the position until Absa fill the position substantively.

Here is what WoK has managed to gather about Yusuf.

Prior to his appointment as the interim CEO, Yusuf held various senior positions within the bank, formerly known as Barclays.

Education

He holds a Master’s in Business Administration from the Strathmore Business School and a Bachelor’s Degree in Economics from the University of Nairobi.

He also holds an Advanced Management Programme (AMP) Certification from the International Institute of Management Development (IMD, Switzerland) and from Strathmore Business School in association with IESE Business School (Spain).

Yusuf is a Fellow of the Institute of Certified Public Accountant (FCPA) and a member of the Institute of Certified Internal Auditors. 

According to his LinkedIn, he kicked off his career at KPMG, before joining Absa where he served as the Chief Finance Officer (CFO) for over 14 years.

He has also served in other capacities such as Regional Head of Internal Audit and Regional Head of Compliance at Absa.

Absa Kenya

Absa Bank Kenya Plc, formerly Barclays Bank Kenya Limited, is a commercial bank, and a subsidiary of South Africa-based Absa Group Limited.

It is licensed by the Central Bank of Kenya.

The bank was licensed in its present form in 1953 and in 1978 it was incorporated locally as Barclays Bank of Kenya, a wholly owned subsidiary of Barclays Bank International.

The bank listed its shares on the Nairobi Stock Exchange in 1986 through a successful IPO.

In 2013, Barclays adopted the combined strategy to operate as one bank in Africa with an aim of increasing efficiency and boosting returns from the African Units.

This led to the merging of all Barclays Plc. businesses in Africa through Absa Group Limited, leading to the formation of Barclays Africa Group.

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