FORESEEING

Being proactive is associated with understanding stakeholders’ needs and foreseeing upcoming possible issues or opportunities. We have the drive to keep on transforming the organisation and create a sustainable future for the AfrAsia brand in the interest of all our stakeholders.

CORPORATE GOVERNANCE PRINCIPLES

DIRECTORS PROFILE


LIM SIT CHEN (MAURICE)
LAM PAK NG

Independent Non-Executive Chairman

Master of Business Administration Graduate School of Business of Columbia University, USA

Date first appointment as Director: 12-Feb-07

Date of last re-appointment: 22-Nov-17

Length of service as Director:

11 years 4 months

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Master of Business Administration Graduate School of Business of Columbia University, USA

Date first appointment as Director: 12-Feb-07

Date of last re-appointment: 22-Nov-17

Length of service as Director:

11 years 4 months

Maurice is the founding partner of Stewardship Consulting, a company based in Singapore, providing strategy consulting services to family owned companies and government organisations. Prior to Stewardship Consulting, Maurice was in banking, advising public and private sector clients in treasury and risk management, financial strategy and investment management. He has worked in London, Montreal, New York, Singapore and Tokyo

Country of residence: Singapore

Listed entity:

Gamma Civic Ltd

Other non-listed entities:

Gamma Treasury Management Co. Ltd Stewardship Consulting Pte Ltd MIPSIT Co. Ltd

SANJIV BHASIN

Chief Executive Officer

Master of Business Administration in Finance

XLRI Jamshedpur

B.Com (Hons) degree in Accounting and

Finance

Delhi University, India

Date first appointment as Director: 19-Nov-15

Date of last re-appointment: 22-Nov-17

Length of service as Director: 2 years 7 months

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Master of Business Administration in Finance

XLRI Jamshedpur

B.Com (Hons) degree in Accounting and

Finance

Delhi University, India

Date first appointment as Director: 19-Nov-15

Date of last re-appointment: 22-Nov-17

Length of service as Director: 2 years 7 months

Sanjiv has over 38 years of banking experience having held senior positions in Asia, Africa and UK markets, and has headed international banks over the past 18 years as the CEO. He started his career with HSBC in 1979 and, over the years, worked in various capacities mainly in the Corporate Banking, Investment Banking and Credit & Risk Management divisions in India, UK & Mauritius until 2004. His last role at HSBC was Chief Operating Officer HSBC India. From 2004 to 2008 he was the Managing Director & CEO of RaboBank in India growing the franchise to become the largest one in all Asia. He thereafter joined as CEO DBS India, leading them to be the fourth largest foreign bank in India during his tenure, launched DBS India’s Digital Banking Foreign locally.

He is a successful leader of change and a major driver of growth at both corporate and operational levels, with a track record of delivering results in competitive markets. Sanjiv continues to build beneficial customer and staff relationships while driving the Bank to embrace the digital change.

Country of residence: Mauritius

Other non-listed entities:

AfrAsia Capital Management Limited

Mauritius Institute of Directors

ARVIND MADAN SETHI

Independent Non-Executive Director

MA Hons in Philosophy, Politics & Economics

Keble, Oxford University, UK

Date first appointment as Director: 20-Apr-16

Date of last re-appointment: 22-Nov-17

Length of service as Director: 2 years 2 months

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MA Hons in Philosophy, Politics & Economics

Keble, Oxford University, UK

Date first appointment as Director: 20-Apr-16

Date of last re-appointment: 22-Nov-17

Length of service as Director: 2 years 2 months

After a brief career in financial journalism, as Assistant Editor for the Economic Times from 1979 to 1980, Arvind joined Grindlays Bank in 1981. He spent virtually all his career in foreign exchange, fixed income and derivatives, occupying senior roles in India such as Manager Treasury HSBC, General Manager Global Markets ANZ Grindlays and Managing Director Global Markets at Bank of America. Arvind was also the Head of Retail Banking at HSBC India in 1995- 96 and during his career he had assignments with the ANZ treasury in Melbourne and HSBC’s Debt Capital Markets in London. From 2001 to 2012, he was a financial advisor and trainer in financial instruments and derivatives. He started the Fixed Income & Money Market Association of India (FIMMDA) and was its Chairman in 1999 & 2000, and was also part of the RBI’s Committees on Foreign Exchange and Bond Market. He led a turnaround of Tata Asset Management as its MD & CEO from 2012 to 2015 and has also served as Independent Director on the Board of Rabo India Finance Limited and Canara Robeco Asset Management.

Country of residence: India

Other non-listed entities:

Bear Falls Plantation Resort Pvt. Ltd

Bloom Plantation & Resort Pvt. Ltd

CAP-M Consulting India Private Limited

Eden Plantation Resort Pvt. Ltd

Flourish Plantation Resort Pvt. Ltd

HSBC InvestDirect (India) Limited

HSBC InvestDirect Financial Services (India) Limited

Old World Hospitality Private Limited

Sundaram Alternate Assets Limited

Sundaram Asset Management Company Limited

Sundaram Tyres Lanka Limited

Tikka Town Pvt Ltd

BOON HUAT LEE

Independent Non-Executive Director

Bachelor of Business (Accounting) degree

Western Australian Institute of Technology (now known as Curtin University)

Member of Singapore Institute of Directors

Date first appointment as Director: 30-Jan-18

Length of service as Director: 5 months

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Bachelor of Business (Accounting) degree

Western Australian Institute of Technology (now known as Curtin University)

Member of Singapore Institute of Directors

Date first appointment as Director: 30-Jan-18

Length of service as Director: 5 months

Boon is a financial services veteran with a proven record in the emerging markets financial sector. He has extensive experience in the building and up-scaling of businesses in Asian financial services. His broad and deep expertise enabled business to connect with emerging industry trends and establish best practices ahead of the game to build a successful and sustainable operating model. Bachelor of Business (Accounting) degree Western Australian Institute of Technology (now known as Curtin University) Member of Singapore Institute of Directors Date first appointment as Director: 30-Jan-18 Length of service as Director: 5 months With experience in financial markets, business management and governance across both the public and private sectors, Boon Huat is a keen and sturdy helmsman with astute judgment for navigating the sensitive terrain of financial services and operations.

Country of residence: Singapore

Listed entities:

Alliance Bank Malaysia Berhad

British Malayan Holdings

Other non-listed entities:

Chairman Taman Jurong Active Aging Committee

Council Member for People Association

Active Aging Council

Credit Counsounseling Limited

Grass Root Leader, People Association and

Taman Jurong

Novena 756 Pte Ltd

Novena 757 Pte Ltd

Technology Commercial JSB

DIPAK CHUMMUN

Non-Executive Director

Bachelor in Computer Science (BSc)

University of Manchester

Fellow Chartered Accountant (FCA)

Institute of Chartered Accountants in England & Wales

Date first appointment as Director: 30-Apr-18

Length of service as Director: 2 months

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Bachelor in Computer Science (BSc)

University of Manchester

Fellow Chartered Accountant (FCA)

Institute of Chartered Accountants in England & Wales

Date first appointment as Director: 30-Apr-18

Length of service as Director: 2 months

Dipak is a seasoned finance and financial services professional with over 25 years of international experience in management consulting, corporate and investment banking, finance and strategy. He has held regional and group head roles with Standard Chartered, Barclays, Emirates NBD and Deutsche Bank in London, Hong Kong, Dubai, Singapore, and most recently Frankfurt, where he was finance Director for strategic financial planning at Deutsche Bank global head-quarters. He came back to Mauritius and joined IBL Ltd as Group Chief Finance Officer from January 2015. He currently holds directorships with several public interest entities, listed and regulated companies, and is a Director of the Stock Exchange and the Economic Development Board of Mauritius and a former International Advisory Board Member of the ICAEW, based in the UK..

Country of residence: Mauritius

Listed entity:

Mauritian Eagle Insurance Company Limited

Other non-listed entities:

Adam and Company Limited

Air Mascareignes Limitee

Arcadia Travel Ltd

Australair General Sales Agency Ltd

Bloomage Ltd

Blychem Ltd

Blyth Brothers & Company Limited

Cassis Limited

Cervonic Ltd

Compagnie Thonière De L’océan Indien

Ltée

Construction & Material Handling

Company Ltd

DieselActiv Co Ltd

DTOS International Ltd

DTOS Ltd

Economic Development Board

Engineering Service Support Ltd

Engitech Ltd

Equip And Rent Company Ltd

Escape Outdoor & Leisure Ltd

G2a Camas Ltd

Ground 2 Air Ltd

I World Ltd

IBL Cargo Village Ltd

IBL Corporate Services Ltd

IBL Entertainment Holding Limited

IBL Entertainment Limited

IBl Financial Services Holding

Limited

IBL Fishing Company Ltd

IBL Shipping Company Ltd

IBL Training Services Limited

IBL Treasury Ltd

IBL Treasury Management Ltd

I-Consult Limited

IMV Services Ltd

Interface International Ltd

Ireland Fraser & Company Limited

I-Telecom Ltd

Knights & Johns Management Ltd

Kuros Company Ltd

La Tropicale Mauricienne Ltée

Logidis Limited

Manser Saxon Contracting Limited

Manser Saxon Elevators Ltd

Manser Saxon Openings Limited

Manser Saxon Plumbing Ltd

Manser Saxon Training Services Ltd

Marine Biotechnology Products Ltd

Mauritian Eagle Leasing Company

Limited

Medical Trading Company Limited

Medical Trading International

Limited

Mer Des Mascareignes Limitée

National Committee For Corporate

Governance

New Cold Storage Company

Limited

Scomat Limitée

Seafood Hub Limited

Seaways Marine Supplies Limited

Servequip Ltd

Societe De Traitement

Et D’assainissement Des

Mascareignes Limitee

Societe Mauricienne De

Navigation Limitee

Somatrans Sdv Limited

Somatrans Sdv Logistics Limited

Stock Exchange Of Mauritius

Systems Building Contracting

Ltd

The Ground Collaborative Space

Ltd

Tornado Limited

Winhold Limited

GRAEME ROBERTSON

Non-Executive Director

Fellow of the Australian Institute of Company Directors

BA Sociology

University of New South Wales

Date first appointment as Director: 16-Aug-11

Date of last re-appointment : 22-Nov-17

Length of service as Director : 6 years 10 months

Date of resignation : 16-Aug-18

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Fellow of the Australian Institute of Company Directors

BA Sociology

University of New South Wales

Date first appointment as Director: 16-Aug-11

Date of last re-appointment : 22-Nov-17

Length of service as Director : 6 years 10 months

Date of resignation : 16-Aug-18

Educated in Sydney, Australia, Graeme has spent most of his life in Southeast Asia and Africa. He has been responsible for pioneering the development and management of world class mining, energy and infrastructure operations. He is the recipient of the ASEAN Development, Millennium 500 and Coaltrans Life Achievement Awards for his business achievements in emerging nations. Graeme is a humanitarian with strong interests in poverty alleviation, education and health improvement. In Mauritius he advises on energy, grows diabetic friendly Mighty Rice, and provides corporate and financial services with Intrasia Investments Limited and actively supports AfrAsia Group.

Country of residence: Singapore

Listed entities:

Intra Energy Corporation - Chairperson

Other non-listed entities:

AfrAsia Capital Management Limited

AfrAsia Investments Limited

AfrAsia Foundation – Chairperson

Australian Chamber of Commerce, Mauritius, President

Intrasia Capital Pte Ltd - Chairperson and owner of the

group and its subsidiaries

Intrasia Investments Limited

LJ Management (Mauritius) Limited

Madagascar Estates Development Partners – Chairperson

Mining & Energy Club of Mauritius – Chairman

Nu Africa Gas Ltd – Chairperson

Vita Rice Limited – Chairperson

HENRI CALVET

Independent Non-Executive Director

Graduate of Ecole Normale Supérieure de Cachan

University degree in Economics

Paris-I Panthéon-Sorbonne

Date first appointment as Director: 23-Mar-15

Date of last re-appointment: 22-Nov-17

Length of service as Director: 3 years 3 months>

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Graduate of Ecole Normale Supérieure de Cachan

University degree in Economics

Paris-I Panthéon-Sorbonne

Date first appointment as Director: 23-Mar-15

Date of last re-appointment: 22-Nov-17

Length of service as Director: 3 years 3 months>

Henri is the founder of H2C Conseil, a company offering advisory and training services to credit institutions and securities firms in the main following fields: banking accounting, prudential rules and internal control (including risk management and compliance control). Prior to setting up his own business, Henri had worked for numerous banks, namely, Bred Banque Populaire, Compagnie Financière Edmond de Rothschild Banque and Compagnie Parisienne de Reescompte, inter-alia.

Country of residence: France

Other non-listed entities:

Advanced Bank of Asia (ABA) H2C Conseil

JEAN-CLAUDE BÉGA

Non-Executive Director

Fellow of the Association of Chartered Certified

Accountants

Date first appointment as Director: 28- Oct-11

Date of last re-appointment: 22-Nov-17

Length of service as Director: 6 years and 8

months

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Fellow of the Association of Chartered Certified

Accountants

Date first appointment as Director: 28- Oct-11

Date of last re-appointment: 22-Nov-17

Length of service as Director: 6 years and 8

months

Jean-Claude joined GML in 1997 and has been nominated as Group Head of Financial Services and Business Development in July 2016 and as Executive Director of IBL Ltd in August 2018 and currently heads IBL Group’s financial services and business development activities including M&A, strategic initiatives and integration.

Country of residence: Mauritius

Listed entities:

Alteo Limited

IBL Ltd

Lux Island Resorts Ltd

Mauritian Eagle Insurance Company Limited

(Non-Executive Chairman)

Phoenix Investment Company Limited

Phoenix Beverages Limited

The Bee Equity Partners Ltd (Non-Executive Chairman)

Other non-listed entities:

AfrAsia Capital Management Limited

AfrAsia Corporate Finance Limited

Anahita Estates Limited (Non-Executive Chairman)

Alteo Properties Limited

Anahita Residences and Villas Limited

Anglo African Investments Ltd

(Non-Executive Chairman)

Camp Investment Company Limited

DTOS Ltd (Non-Executive Chairman)

Edena S.A

GML Finance Holding Ltd

IBL International Ltd

Interface International Ltd

International Sugar Expertise & Management Limited

Knights and Johns Management Ltd (Non-Executive Chairman)

LCF Holdings Ltd

LCF Securities Ltd

Mauritius Stationery Manufacturers Limited

Phoenix Management Company Ltd

Printvest Holding Ltd

SPCB Ltée

The (Mauritius) Glass Gallery Ltd

LUC PAIEMENT

Non-Executive Director

Bachelor of Commerce

Concordia University Montréal

Date first appointment as Director: 19-Dec-16

Date of last re-appointment: 22-Nov-17

Length of service as Director: 1 year 6 months

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Bachelor of Commerce

Concordia University Montréal

Date first appointment as Director: 19-Dec-16

Date of last re-appointment: 22-Nov-17

Length of service as Director: 1 year 6 months

With 35 years’ experience in the banking industry, Luc is recognized for his strong interpersonal skills and his ability to foster a culture of customer service excellence within his team. He has held a variety of strategic positions in the wealth management, investment banking and institutional equity sectors. During his time at National Bank of Canada, he has been a key contributor to a series of transactions that have profoundly changed the organization and positioned it as a leader in Canada in a range of disciplines and in 1999 was named one of Canada’s Top 40 under 40. Luc has been ranked among the Top 25 of Quebec’s financial industry five times.

Country of residence: Canada

Other non-listed entities:

AfrAsia Capital Management Limited

AfrAsia Investments Limited

Investment Industry Regulatory Organization of Canada (IIROC)

PHILIPPE JEWTOUKOFF

Independent Non-Executive Director

ENSAE Paris

Université Paris-Saclay

DEA - Mathematics

Université Paris VI

Masters in Economic Sciences

Université Panthéon Sorbonne

Date first appointment as Director: 16-May-17

Date of last re-appointment: 22-Nov-17

Length of service as Director: 1 year 1 month

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ENSAE Paris

Université Paris-Saclay

DEA - Mathematics

Université Paris VI

Masters in Economic Sciences

Université Panthéon Sorbonne

Date first appointment as Director: 16-May-17

Date of last re-appointment: 22-Nov-17

Length of service as Director: 1 year 1 month

During his 33 years long career in the banking sector, Philippe has got wide experience in the finance, asset -management and audit fields. He retired as CEO of the “Credit Cooperatif”, a nationwide retail bank in France. Since 2011,he became an independent consultant specialized in restructuring. Philippe has also created a microfinance network in West-Africa (Mali) in the nineties and has a strong knowledge of Madagascar where he had lived after his student life.

Country of residence: France

Other non-listed entities:

Newparf

PERMCO

Parfum Direct

YVES JACQUOT

Non-Executive Director

Master of Business Administration

ESSEC Business School

Date first appointment as Director: 16-Jan-15

Date of last re-appointment: 22-Nov-17

Length of service as Director: 3 years 5 months

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Master of Business Administration

ESSEC Business School

Date first appointment as Director: 16-Jan-15

Date of last re-appointment: 22-Nov-17

Length of service as Director: 3 years 5 months

Yves has wide experience in the banking sector. He is presently the First Vice-President of International Development for the National Bank of Canada Group and the Deputy Chief Executive of Natcan Investissements Internationaux SAS which is a subsidiary of National Bank of Canada. Previously, he was the Deputy Chief Executive of Bred Banque Populaire and Managing Director of COFIBRED.

Country of residence: FRANCE

Other non-listed entities:

AfrAsia Capital Management Limited

AfrAsia Investments Limited

ABA Bank (Cambodia) - Chairman

ATA (Thailand) Company Limited - Chairman

TenGer Financial Group LLC

XacBank LLC

DOMINIC JACQUES

Alternate Director to Yves Jacquot and Luc Paiement

Certified Professional Accountant (CPA)

Chartered Financial Analyst (CFA)

HEC Montreal

BAA in Business

DESSCP in Accounting

Date first appointment as Director: 01-Sep-16

Length of service as Director: 1 year 9 months

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Certified Professional Accountant (CPA)

Chartered Financial Analyst (CFA)

HEC Montreal

BAA in Business

DESSCP in Accounting

Date first appointment as Director: 01-Sep-16

Length of service as Director: 1 year 9 months

Dominic Jacques holds the position of Deputy Vice-President, International Development at National Bank of Canada. As such, he manages the Bank’s portfolio of international investments. He started his career at PricewaterhouseCoopers and joined National Bank of Canada in 2010 as Senior Manager, Strategy and Corporate Development. Dominic has a sound knowledge of the banking industry, having spent 15 years advising financial institutions on transactions and partnerships. Over the years, he has been based in Montreal, London, Paris and San Jose, California.

Country of residence: Canada

Listed entities:

NSIA Banque Côte D’Ivoire

Other non-listed entities:

ABA Bank (Cambodia)

ATA IT Ltd. (Thailand)

NSIA Participations (Côte D’Ivoire)

COMPOSITION OF THE BOARD

BOARD REPRESENTATION AS AT 30 JUNE 2018 WAS AS FOLLOWS:

DIRECTORS COUNTRY OF RESIDENCE AS AT 30 JUNE 2018 WAS AS FOLLOWS:

DIRECTORS LENGTH OF SERVICE AS AT 30 JUNE 2018 WAS AS FOLLOWS:

SENIOR MANAGEMENT TEAM


LYNN DALLAIRE
SEVAMI MOONIEN
JENNIFER JEAN-LOUIS
YOGESH GOKOOL
SUNEETA MOTALA
ROBIN BRYAN SMITHER
MAUREEN TREANOR
THIERRY VALLET
PARIKSHAT TULSIDAS
VIJIT YADAV