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. The board is composed of:
JEAN-RAYMOND REYInterim Chairman and Non-Executive Director
Mauritius Institute of Directors (MIoD)
Certified Associate of the Institute of Bankers (South Africa)
BCom in Economics and Business Administration
University of Natal, South Africa
Post-Graduate Diploma in Advance Banking
University of Johannesburg, South Africa
Certificate in “Leading Yourself”
INSEAD, Fontainebleau, France
Jean-Raymond has successfully led teams over more than 30 years in banking and financial services industry while operating in over 12 countries in Africa, with extensive expertise in Mauritius, South Africa and Democratic Republic of Congo where he ran banks. Over the last 20 years, Jean-Raymond has assumed the responsibility and challenges of various Executive as well as Non-Executive Director roles.
Jean-Raymond has conservative risk management skills with demonstrated ability to adapt to different environments and cultures; he has honed a comfort in operating in both francophone and anglophone environments. Effective communicator and self-motivator, always aiming to deliver results beyond expectations while imbedding good corporate governance and best practice into every deal as well as being able to engage multiple levels of stakeholders.
Jean-Raymond has successfully summited Mount Kilimanjaro on 21st August 2016.
MALACHY MCALLISTERChief Executive Officer and Executive Director
BA Hons (II-I) in Experimental Physics, Trinity College Dublin
A seasoned banker with a strong commercial drive, people skills and risk management acumen, Malachy brings over thirty-two years of experience across international markets, including sixteen years at senior leadership levels. Malachy has led critical businesses at HSBC in China, Malaysia and France before taking on the role of CEO of HSBC Russia in 2015. In this last role, Malachy sustained business growth and rebuilt profitability despite a deep recession, increasing country sanctions, and COVID-19 challenges. Malachy has also been instrumental in developing local talent and driving staff engagement at the highest levels. His achievements attest to his strategic approach which involves striking a balance between people-centricity, efficient risk management, driving customer service and business profitability. Malachy has expertise in primary debt capital markets, equity capital markets, project and export finance, asset-backed finance & securitisation across both developed and emerging markets, in Asia and Europe.
JENNIFER JEAN-LOUISChief Financial Officer and Executive Director
Institute of Chartered Accountants in England and Wales
Chartered Tax Advisor
A Chartered Accountant with 20 years plus of experience, having practised locally and internationally in auditing, taxation and advisory, Jennifer returned to Mauritius in 2007 and joined AfrAsia Bank at its very inception stage to build the foundation of the financial framework and structure of the Bank. Apart from the responsibilities of overseeing the accounting team and in charge of the financial affairs of the Bank, Jennifer has participated in numerous strategic initiatives, including capital raising, mergers and acquisitions (M&A) and International Financial Reporting Standards (IFRS) transitions.
JAN FREDRIK LOUIS GAËTAN BOULLÉNon-Executive Director
Ingénieur Statisticien Economiste (ISE)
Post graduate studies in Economics
Université Laval, Canada
Jan has begun his career in 1982 as “Chargé de Compte de Branches”, Comptabilité Nationale at the “Ministère du Plan”, Abidjan, Republic of Ivory Coast, a post he occupied for one year. He has been working for the Constance Group from 1984 to 2016 and occupied various executive positions and directorships. His latest position being Group Head of Projects and Development.
Jan has been appointed as the Non-Executive Chairman of IBL Ltd on the 1st July 2016 and is also a member of the Board of Directors of several of IBL Group’s major companies.
ISABELLE MARIE EDITH ALVARES PEREIRA DE MELONon-Executive Director
Master HEC Paris
Post Graduate Certificate in Corporate Governance – MIoD (expected 2021)
Isabelle is a Mauritian, Swiss and French national. She started her career as an auditor with Arthur Andersen in Paris where she rose to manager working on statutory, consulting, M&A and privatization engagements in diverse sectors including industrial manufacturing, equipment, wholesale, consumer goods, publishing and insurance. She then held CFO positions in a fast-growing high technology multinational Gemplus in France and an aviation Group Privat Air based in Switzerland also adding Human Resources to her responsibilities. In 2009 she became COO for a large Geneva based family office and later for the Servette Sports’ team group and a Real Estate Foundation. Since 2010 she is an active angel investor in early stage start-ups and has cofounded an initiative to develop angel investing out of Mauritius. She is an Independent Non- Executive Director for IBL Ltd since 2019 where she sits on the Audit and Risk Committee. She is also a Fellow of Mauritius Institute of Directors (MIoD) since 2020 and is currently completing her Postgraduate certificate in Corporate Governance.
ASLAM KANOWAHNon-Executive Director
Fellow of the Association of Chartered Certified Accountants (FCCA)
Association of Chartered Certified Accountants
MBA International Banking and Finance
Washington International University, USA
Certified Islamic Finance Expert (CIFE)
Academy for International Modern Studies, UK
Aslam is a finance professional, banker and accountant with 32 years in the financial services sector and over 18 years in the domestic and offshore banking industry.
In addition to banking his leadership role in developing licensed corporate and wealth management companies has given him a strong background in business development, compliance, governance and strategic planning. Over the course of his career he has held key positions in assets management, back office, corporate & fund administration, operations trading and treasury management.
He started at The Indian Ocean International Bank Ltd and subsequently worked for Bank International Indonesia, Standard Bank and Superfund Assets Management before moving to the Global Business Sector in 2011 and was the CEO of Aurisse International Ltd, COO of Capital Horizons Ltd and is currently the CEO of Intrasia Management (Mauritius) Ltd.
He has held a portfolio of directorships since 2011 in various entities engaged in advisory, brokerage, consultancy, funds, investment management, mining and trading. He has a track record in teaming up for the start-up of new offices for international and regional companies in Mauritius and a reputation for leading teams towards peak performance.
LOUIS DIDIER MERLEIndependent Non-Executive Director
MBA International Paris
University of Paris I – Panthéon Sorbonne
Masters in Finance
Graduate School of the Chamber of Commerce and Industry of Paris (ECCIP)
DEUG A: Mathematics, Physics, Chemistry
University of Aix Marseille III
Baccalauréat C – Mathematics and Physics
Lycée La Bourdonnais, Mauritius
Didier is an accomplished banker and a wealth & asset management expert with more than 20 years of progressive experience in the finance sector. He has been successful at managing multiple assignments and people and maximizing customer satisfaction.
Didier has a rich financial background in the management of multiple portfolios and strategic business units in different banks. He has been a Managing Director at Cim Asset Management Ltd. He has also been the Head of Private Banking & Wealth Management at the Mauritius Commercial Bank for 9 years. He is currently the CEO of Strategia Investment Solutions Ltd.
FIORANGELO SALVATORELLIIndependent Non-Executive Director
D.Phil Engineering Science
M.A Engineering Science
University of Oxford/Exeter College, Oxford, England
MSc Structural Engineering (Coursework)
Universidad Simon Bolivar, Caracas, Venezuela
MEng Civil Engineering
BSc Civil Engineering
Universidad Catolica Andres Bello, Caracas, Venezuela
Fiorangelo Salvatorelli is CIO and Portfolio Manager of the ALANTRA Global Technology Fund. He is a Partner at Fusion Global Capital Ltd and Hermes Growth Partners Ltd. Fiorangelo was Partner and Head of Research at Lansdowne Partners.
Fiorangelo has also held Senior Portfolio Management and Research roles at Newton Investment Management (now part of BNY Mellon), Fidelity International and CCLA Investment Management.
Fiorangelo serves on the advisory board of FPE Capital (formerly Flemings Family & Partners Private Equity).
Fiorangelo was a former consultant with McKinsey & Co. in Milan and London and a University Lecturer at the University of Oxford Department of Engineering Science and INSEAD Business School (Fontainebleau).
CHRISTIAN ST-ARNAUDNon-Executive Director
Management Executive Development Program
C.I.R.E.M., Montreal, Canada
Bachelor of Business Administration, Major in Finance
HEC, Montreal, Canada
Christian graduated from the École des Hautes Études Commerciales in Montréal, Canada. Between 1983 and 2009, he occupied different positions in international and Canadian financial institutions in Canada, with a focus on credit capital market.
He joined National Bank of Canada in 2009 as Vice-President – Credit Capital Markets and Real Estate and was appointed Senior Vice-President – Credit in 2012 (2012-2020); overseeing all retail, commercial, and financial market credit activities of the Bank, including adjudication, portfolio management, and credit model development. He was also a member of numerous senior Committees of the Bank, including the Global Risk Committee, the Risk Management Committee and the Model Oversight Committee.
JOAN JILL WAN BOK NALEIndependent Non-Executive Director
Fellow Chartered Accountant (FCA)
Institute of Chartered Accountants in England & Wales
B.Sc. (Hons) in Accounting and Finance
The London School of Economics and Political Science
Jill is a finance professional with over 13 years of local and regional experience in Transaction Advisory and Assurance services provided across a diverse client portfolio spanning Hospitality, Financial Services, Real Estate, Gaming, Building Materials, Construction, or F&B/Leisure.
She last held the position of Associate Director (Deals) at PwC where she spent 5 years advising both private and public clients on multiple and varied assignments including Valuations, Due Diligence/Feasibility Studies, Financial/Corporate restructuring, IPO and SEM/DEM Transaction Advisory, M&A advisory, Strategy and Business planning, and Deal closing.
Prior to joining PwC, Jill worked 2 years at International Financial Services Ltd (now Sanne Mauritius), a leading local offshore management company, overseeing a portfolio of over 100 clients including mutual funds and private equity funds, and serving as Director on a number of investment funds/GBC’s. She started her career at Ernst & Young, spending 6 years in the Assurance department being involved on and leading the audits of listed and non-listed financial institutions mainly including banks, NBFI’s and Insurance companies, whilst concurrently being in charge of the IFRS technical desk.