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Corporate Governance

Board of Directors

Setting AfrAsia’s Direction

AfrAsia Bank’s Board is responsible for signing off on the Bank’s strategy, ensuring its governance standards are upheld, while monitoring and assessing the Bank’s operations.

    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: 19-Dec-16

    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 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 foreign Asia. He thereafter joined DBS India, leading them to be the fourth largest foreign bank in India during his tenure while conceiving their digital banking array.

    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 banks to embrace the digital change.

    Non-Executive Director

    M.Sc. in finance and a bachelor’s degree in actuarial science - Université Laval.
    Chartered Financial Analyst designation since 1999.


    Date first appointment as director: 20-Sept-18

    As Deputy Vice President, Strategy and Corporate Development at National Bank of Canada, Mr. Caron is responsible for the strategic planning and execution of the bank’s mergers, acquisitions, divestitures and other significant investments.

    Mr. Caron has more than 20 years of banking experience. Over the course of his career, he has held key positions in capital management, mergers & acquisitions, performance management, corporate strategy, treasury operations, rating agency relations and financial planning.

    Prior to joining National Bank of Canada in 2013, he has been in charge of capital management and rating agencies relations at Desjardins Group between 2006 and 2013. With Royal Bank of Canada from 1995 to 2005, he served in corporate finance areas, such as mergers & acquisitions, financial policy, strategy and controller.


    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


    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, Hongkong, Dubai, Singapore, and most recently Frankfurt, where he was finance director for strategic financial planning at Deutsche Bank's global head-quarters. He came back to Mauritius to join IBL 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.

  • YVES JACQUOT (Alternate Director: Dominic Joseph Pierre Jacques)
    YVES JACQUOT (Alternate Director: Dominic Joseph Pierre Jacques)
    Non-Executive Director

    Master of Business Administration - ESSEC Business School

    Date first appointment as director: 16-Jan-15
    Date of last re-appointment: 19-Dec-16

    Yves has a 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.

    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

    During his 33 years long career in the banking sector, Philippe has got a 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 specialised in restructuring. Philippe has also created a micro- finance network in West-Africa (Mali) in the nineties and has a strong knowledge of Madagascar where he had lived after his student life.

    Non-Executive Director

    Breakthrough Executive Program with Egon Zender-Mobius in Portugal

    Advanced Management Program (AMP180) from Harvard Business School, United States

    Executive Education Program at INSEAD – France

    Master’s in Management, Université d’Aix-Marseille, France and graduated from the Institut Supérieur de Gestion de Paris

    Date first appointment as director: 05-Nov-18

    Arnaud Lagesse is the Group CEO of IBL Ltd, the largest business group on the island of Mauritius. He is one of the Mauritian private sector’s prominent leaders and is known to drive the Group he leads with innovative and challenging undertakings. Two years ago, he initiated the merger of GML Investissement Ltée and Ireland Blyth Limited, creating both a successful Group and substantial shareholder value for all stakeholders since the Group’s introduction onto the local stock market.

    Independent Non-Executive Director

    Bachelor of Business (Accounting) degree from the Western Australian Institute of Technology (now known as Curtin University)

    Date first appointment as director: 30-Jan-18


    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.


    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.

    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: 19-Dec-16

    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. He 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 an Independent Director on the Board of Rabo India Finance Limited and Canara Robeco Asset Management.

  • Teamwork
  • Customer Experience
    Customer Experience
  • Innovation
  • Sustainability