Her appointment took effect from May 31, 2021.
Kellen has rich experience in the banking and finance industry having served in various top leadership roles at Citi Bank North America for more than 20 years.
She is also a non-executive director at AMREF Health Africa International and a Board Member of the Strathmore University Foundation.
Kellen Kariuki has a Master of Science in International Human Resource Management from Cranfield University in the UK.
In addition, she holds an MBA in Strategic Management and a Bachelor’s degree in Accounting from USIU-Africa.
During the announcement, the board of Standard Chartered Bank Kenya said, “Kellen’s wealth of experience and expertise will contribute greatly towards accelerating the achievement of the Company’s strategy”.
The board also congratulated her on her appointment.
Quarter 1 results show the lender’s net profit rose to US$22.2 million compared to US$18.5 million over a similar period in 2020.
The growth which rose to the pre-Covid-19 levels of 2019 is also attributed to the slashing of operational costs.
The lender’s non-interest-related expenses fell by 7.5 percent in the period to US$34.3 million driven by the completion of a staff rationalization exercise and lower loan loss provisions.
While operating expenses dropped, income rose marginally by 1.4 percent to US$65.7 million.
Total non-interest funded income grew to US$23 million from US$20.4 million, compensating an 8.2 percent drop in total interest income to US#51.9 million.
Despite the Nairobi Securities Exchange-listed lender reporting a drop in loan loss provision, its non-performing loan rose to 11.5 percent as borrowers struggled to repay primarily due to Covid-19 economic hurdles.