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SARIT SURESH RAJA SHAH
Chairman & Non-Executive Director
Mr. Sarit Shah was appointed as Director of the Bank on the 22 February 2008 and as Chairman on the 20 March 2009 for a term of one year.
Mr. Sarit Shah holds a Masters Degree from City University London. He is the executive director of I&M Bank Limited and also
serves on the board of several other companies, including Minard Holdings Limited.
THIERRY HUGNIN
Non-Executive Director
Mr. Thierry Hugnin was appointed as Director of the Bank on the 22 February 2008. He is also member of the Board Administrative
Committee and of the Board Credit Committee.
After qualifying as a Chartered Accountant in England and Wales in 1993, Mr. Hugnin worked in investment banking in London and Mauritius.
He later joined Blakeney Management, a London-based investment boutique, focusing in Africa and the Middle East. He is the Chief Investment
Officer and a director of CIEL Capital Limited, which is the Investment Manager of CIEL Investment Limited.
JEAN-PIERRE DALAIS
Non-Executive Director
Mr. Jean-Pierre Dalais was appointed as Director of the Bank on the 22 February 2008 and as Chairman on the 02 March 2010 for a term of one year.
He is also a member of the Board Administrative & Staff Compensation Committee.
Mr. Dalais holds an MBA from the International University of America. He started his career with Arthur Andersen, both in Mauritius and France,
and joined the CIEL Group in the 1990s. He is the Chief Executive Officer of CIEL Investment Limited since 2001 and acts as director for several
other companies.
KIM FOONG (ROGER) LEUNG SHIN CHEUNG
Independent Director
Mr. Kim Foong (Roger) Leung Shin Cheung was appointed as Director of the Bank on the 22nd February 2008.
He is the Chairman of the Risk Management Committee and of the Corporate Governance & Conduct Review Committee.
He is also a member of the Board Credit Committee and of the Audit Committee.
Mr. Leung is an Associate of the Chartered Institute of bankers in UK and he is also a Fellow of the Mauritius
Institute of Directors. He retired from Barclays Bank in September 2005 as Regional Corporate Director. He has
been trustee of the Barclays Employees Pension Fund and a director of the Barclays Leasing Company (Mauritius)
Limited. He presently works as Consultant in business restructuring and performance optimisation. He is a
director of several other companies, including listed companies as detailed in the Corporate Governance Report.
RAJ DUSSOYE
Director & Chief Executive Officer
Mr. Raj Dussoye was appointed as Director and Chief Executive Officer of the Bank on the 22 February 2008.
Mr. Dussoye holds an ACIB and MBA from the Herriot-Watt University, Edinburg, Scotland. He started his career in
1982 at the State Bank of Mauritius, where he has had a broad based experience. In July 2003, he was posted to
India as CEO and Executive Vice President of SBM, India. He left the State Bank of Mauritius in August 2007 to
join CIEL Group.
ARUN SHANKAR MATHUR
Non-Executive Director
Mr. Arun Mathur was appointed as Director of the Bank on the 22 February 2008.
He is the Chairman of the Board Administrative Committee and of the Board Credit
Committee. He is also a member of the Board Risk Management Committee.
Mr. Mathur holds a B.Tech (Hons) degree and started his banking career in 1976
with the State Bank of India. He joined the Grindlays Bank, India in 1982, and
worked in their office in Nairobi, Kenya from 1990 to 1994. He then worked for
several banks in Eastern Africa until he joined I&M Bank Limited in 2000 and
was promoted as CEO in 2002.
JEROME DE CHASTEAUNEUF
Alternate Director of Mr. Jean Pierre Dalais
Mr. Jerome de Chasteauneuf was appointed as Alternate Director to Mr. Jean-Pierre Dalais on the 22 February 2008.
He is also a member of the Audit Committee.
Mr. de Chasteauneuf is a qualified Chartered Accountant of England and Wales. He joined the CIEL Group in
1993 as Project Financier and became Head of Finance in 2000. He is a director of several other companies,
including listed companies as detailed in the Corporate Governance Report.
PRATUL HEMRAJ DHARAMSHI SHAH
Independent Director
Mr. Pratul Shah was appointed as Director of the Bank on the 22 February 2008.
He is also the Chairman of the Audit Committee, and a member of the Corporate
Governance & Conduct Review Committee and of the Risk Management Committee.
Mr. Pratul Shah is a Fellow of the Association of Chartered Certified Accountants.
He is also a member of the Institutes of Certified Public Accountant and Certified
Public Secretary of Kenya and was a partner in PricewaterhouseCoopers, Kenya.
He holds various directorships in diverse companies in East Africa, in the financial,
manufacturing and services sector.
JASON PAUL HAREL
Independent Director
Mr. Jason Harel was appointed as Director of the Bank effective from the 01 January 2011.
His is also a member of the Audit Committee and of the Corporate Governance & Conduct Review Committee.
Mr. Harel is qualified as both a Chartered Accountant and Barrister at law. He was a
senior associate within the banking and finance department of Denton Wilde Sapte in
London from 2000 to 2005, specializing in structured finance in addition to workouts.
Prior to this, he completed his pupilage with the UK leading tax chambers, Gray's Inn
Tax Chambers, and trained as a charted accountant with Kingston Smith in London. Mr.
Harel is a co-founder and partner of BLC Chambers which is ranked by both Global Chambers
and International Financial Law Review as being a 1st tier business law practice in Mauritius.
