Meet the people who set AfrAsia’s strategy and run your bank day-to-day
Our senior management team consists of an Executive Committee, a Management Committee, and a Commercial Team. The Executive Committee is responsible for setting AfrAsia Bank’s strategy, while the Management Committee is responsible for implementing it. The Commercial Team looks after the respective core business lines performance as well as the customer facing relationships.
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THIERRY VALLETFounder Executive and Chief Executive OfficerMaster of Business Administration - International Finance
HEC School of Management, Paris
Date joined AfrAsia: 20-Aug-07Engineer by trade, Thierry Vallet transitioned into the realm of banking following his MBA in International Finance at HEC Paris. With a career of over 20 years’ experience in the banking and finance industry, Thierry’s expertise spans across strategic management and business development, embracing corporate & investment banking as well as private banking and wealth management. Thierry joined AfrAsia Bank as Founder Executive and Head of Strategic Development in 2007, playing a pivotal role in shaping the Bank from its inception. Leveraging on international roadshows, Thierry has actively promoted the Mauritius International Financial Centre to position the Island as one of repute and substance. Under his leadership, AfrAsia Bank has earned numerous accolades and honours, including the recent recognition as Bank of the Year 2023 – Mauritius awarded by Financial Times’ The Banker. Beyond his professional pursuits, Thierry’s passion for golf has led him to play a key role in launching the AfrAsia Bank Mauritius Open since its inaugural year in 2015, showcasing Mauritius Worldwide as a major golfing destination and vibrant international business hub.
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KRISTY BALLAHHead of Internal AuditKristy Kumar Ballah is a fellow member (FCA) of the Institute of Chartered Accountants in England and Wales (ICAEW) and is also a member of the Chartered Banker Institute. He holds an MBA with the Bangor Business School as well as a bachelor degree in Accounting & Finance from the University of Birmingham.
He has many years of audit experience and was previously a Group Internal Audit Manager in MCB. Before joining MCB, Kristy worked in the assurance department of PwC for more than 7 years where he managed external audit and advisory assignments.
Kristy brings with him valuable knowledge and experience in the Banking, Global Business, Insurance, Telecommunications and Manufacturing sectors. He has a track record for managing assignments involving multi-disciplinary teams in several countries comprising amongst others Angola, Botswana, Burundi, Comoros, Kenya, Madagascar, Maldives, Mozambique and Seychelles.
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SOODESH BEEGUNActing in the role of Head of Risk/ Head of AML and Operational Risk/ DPOSoodesh has more than 35 years of working experience within the Banking/ICT/Sugar/Textile industries with over 22 years in an Executive level role (Banking) and has been driving various IT and other projects within the function/role scope including Systems implementation, upgrade, merger and data center migration locally and to foreign sites. He, currently, oversees the management of Money Laundering and compliance risk and is responsible for the conduct of the business.
He is also responsible for driving the operational risk implementing best practices including the proactive development of a risk awareness culture, whilst inspiring and developing the overall risk management capabilities including Data Privacy and alignment with Data Protection Act and General Data Protection Regulation. -
DAVE DUSORUTHHead of OperationsDave Dusoruth joined AfrAsia Bank Limited as Head of Internal Audit in July 2015 and became Group Head of Operations in May 2017.
He has extensive experience in auditing having spent four years working as an external auditor at De Chazal Du Mee and 11 years in the Internal Audit Department at the Mauritius Commercial Bank.
Dave is a Certified Internal Auditor (CIA) and a Fellow of the Association of Chartered Certified Accountant (FCCA). He is a recognised Professional Accountant of the Mauritius Institute of Professional Accountants (MIPA), a registered trainer (audit fields) with the Mauritius Qualifications Authority (MQA), a member of the Institute of Internal Auditors (IIA Mauritius) as well as the Mauritius Institute of Directors (MIOD). -
LOTESWAR FANGOOGroup Head Compliance and MLROA Certified Anti-Money Laundering Specialist (CAMS) and a Fellow Member of the International Compliance Association (FICA), Loteswar Fangoo (Anil) has secured more than 30 years of experience in the banking arena. Anil started his career in 1990 at SBI Mauritius and climbed the ladder to being the Assistant Manager heading its Legal and Compliance department prior to joining AfrAsia Bank in 2009 as Head of Compliance and MLRO.
Throughout his journey, Anil has acquired expertise in the legal, operations, recovery, compliance, financial crime and anti-money laundering fields, amongst others. His banking experience and vast expertise, coupled with his leadership skills, has pillared Anil’s success in establishing a robust enterprise-wide compliance framework for AfrAsia.
In his MLRO capacity, Anil assists the Bank’s Senior Management Team in continually developing and maintaining an effective anti-money laundering and counter-terrorist financing compliance culture across the group. Anil is also a member of the Mauritius Institute of Directors (MIOD) and an associate member of the Association of Certified Fraud Examiners (ACFE).
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COLIN GRIEVEChief Representative Officer - South Africa Representative OfficeColin Grieve has over 25 years' experience in local and international banks and financial markets.
He has held roles including Head of Treasury, Head of Corporate Banking and General Manager of investments and has acted as a mandated lead arranger in pan-African banking transactions throughout his career.
Colin is the author of a book on investment strategy and holds a Master’s of Commerce from one of South Africa's leading universities. -
ATISH GUNGADURHead of ICT SecurityAtish was appointed Head of IT Security in February 2020. He joined the Bank in 2008 as Systems Analyst and during his tenure with the Bank, he worked as IT Infrastructure Manager and IT Security Manager. Atish holds a BSc in Information System and has over 15 years' experience as an Information Technology (IT) professional with strong expertise in IT management, IT security management, and IT enterprise architecture.
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NICOLAS FABIEN HARDYChief Operating OfficerMaster of Business Administration
University of Cape TownBsc Mathematics
University of Natal
Date joined AfrAsia: 03-Jun-19
Nicolas brings over 15 years of technology, treasury and operations experience to AfrAsia Bank from Investec Bank (Mauritius) where he held various senior positions. Treasurer by trade, he has cumulated many responsibilities whilst directing the strategic operations and technical development, encompassing the online/digital banking system and the currency cards programme. Nicolas’ background includes serving in other leadership roles at Natwest Markets, Robert Fleming & Co, Rogers Group, Tomfin Asset Management and Digi-Strat. -
JENNIFER JEAN-LOUISChief Financial Officer and Executive DirectorFellow Member
Institute of Chartered Accountants in England and Wales
Chartered Tax Advisor
Date joined AfrAsia: 30-Jul-07
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. -
ALVIN PEERTHYSenior Manager Sustainability and CSRA Corporate Sustainability Professional with more than 10 years of international experience, Alvin’s proficiency lies in the implementation of sustainable business practices through a collaborative and value-creation approach. Alvin is well-versed with universal sustainability principles and standards within the corporate arena, as well as the actioning of Sustainable Development Goals cross-sectors and cross-countries. With an expertise spanning across strategic development, project implementation, digitalisation of performance monitoring and compliance management, Alvin has, in his past professional capacity at Ciel Group, rallied investors and stakeholders across Madagascar, India, Bangladesh, Uganda, Tanzania and Kenya, amongst others, for the implementation of Sustainability Management systems within the Group’s operations in these countries.
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ROOPENDRA SHARMA BUNGSHEEHead of CreditRoopendra has been with AfrAsia over the last 6 years, starting as a Credit Manager and rising to the Head of Credit position. With nearly 20 years of experience in the banking sector and a deep understanding of credit risk management, he has been instrumental in developing and implementing the Bank’s credit policies and strategies as well as overseeing the performance and quality of its credit portfolio. His areas of expertise include project finance, working capital finance, trade finance, syndications and bilateral lending. Roopendra has proved to be a key figure in the credit risk department, providing leadership and guidance in all matters relating to credit risk management, credit monitoring and control.
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JEN RAMANAHHead of Treasury and MarketsJen’s banking career began at the Bank of Mauritius in 1980, where he eventually became a Senior Dealer in the Financial Markets Department.
Prior to joining AfrAsia Bank Limited in September 2007, he worked for the Mauritius Commercial Bank as the Chief Money Market Trader. Jen holds a BSc (Hons) Management and an MBA from the Edinburgh Business School. -
NADEEM CARRIMHead of Global BusinessNadeem has been an integral part of the offshore banking industry since 2001. His unwavering commitment and proactive approach to staying updated with pertinent market trends and competitor insights have proven instrumental in bridging gaps between demand and supply within the industry.
Nadeem embarked on a transformative journey with AfrAsia Bank in 2007, initially focusing on nurturing privileged client relationships. Since joining the Bank, he has been pivotal in cultivating remarkable customer loyalty in the global business segment and establishing a strong brand identity. His efforts have undoubtedly solidified AfrAsia Bank's reputation in the market. -
JEAN JACQUES FUNGHead of Corporate BankingHolder of a Diplôme d'Etudes Supérieures Spécialisées in Banking & Finance from the ‘Institut Technique de Banque’, Jean-Jacques has more than 30 years of experience in the banking, leasing and insurance industries.
Jean-Jacques joined AfrAsia Bank in 2012 and held various leadership roles, contributing actively to the growth of the Bank mainly in the sales divisions as Deputy Head of Domestic Banking Relationships & Sales and Head of Business Banking, before being promoted as Head of Corporate Banking. -
MARC-ALEXANDRE MASNINHead of Investment SolutionsMarc-Alexandre Masnin is a highly experienced professional with over 20 years of expertise in investment banking, asset and wealth management, trading, and product structuring.
Prior to joining AfrAsia Bank in 2020, Marc-Alexandre held significant positions within renowned French banks, including Société Générale, as well as other leading international asset management businesses. During this time, he successfully managed various projects ranging from market and credit risk assessments to product structuring for institutional and private investors.
Marc-Alexandre has played a pivotal leadership role in asset allocation and investment strategy for several prominent wealth management companies. Currently, he is responsible for overseeing securities services, wealth management and advisory, as well as the external asset manager desk.
Marc-Alexandre holds an MSc in International Finance from the Edinburgh Business School and a Master's in Management from the highly regarded NEOMA Business School in France. -
MARYLINE LOHead of Business BankingMaryline is a seasoned professional with 30 years of experience in the financial sector and had assumed key roles at HSBC and Cim Finance Ltd. She joined AfrAsia Bank Limited in 2012 and was promoted as Head of Business Banking in 2018. She took over the Personal Banking segment under her wings in 2021.
She has an extensive experience in the domestic market ranging from traditional debt, structured financing and tailor made financing solutions both to mid corporates and individuals. Maryline is also the Head of our Branches which play an important role in our day to day service deliverables.
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PIERRE-YVES PASCALHead of Private BankingPierre-Yves joined the Bank in January 2016 as a Private Banker. In July 2017, he was appointed as Head of Wealth Management before being promoted to Head of Private Banking in March 2021. During his tenure with the bank, Pierre-Yves was also the acting CEO of AfrAsia Capital Management in 2019. He holds a BSc (Hons) Actuarial Science (City University, London) as well as a Diploma in Actuarial Techniques and a Certificate in Finance and Investment from the institute of Actuaries (UK).
With more than 20 years of experience in the financial services sector, Pierre-Yves started his career in 1999 as an Associate with Aon Hewitt in England. From July 2004 to December 2015, he worked as Portfolio Manager for Confident Asset Management Ltd where he was also the Business Development Manager for the last 2 years.
Since 2017, Pierre-Yves is an Independent Director of Ascencia, one of the largest listed companies in Mauritius. -
JEN RAMANAHHead of Treasury and MarketsJen’s banking career began at the Bank of Mauritius in 1980, where he eventually became a Senior Dealer in the Financial Markets Department.
Prior to joining AfrAsia Bank Limited in September 2007, he worked for the Mauritius Commercial Bank as the Chief Money Market Trader. Jen holds a BSc (Hons) Management and an MBA from the Edinburgh Business School. -
NAVIN RAMDOYAL, CFAHead of International Corporates (Africa) and Financial InstitutionsNavin Ramdoyal is a CFA Charterholder. He holds an MSc Financial Analysis and Fund Management with Distinction with the University of Exeter as well as a First Class Bachelor Degree in Finance from the University of Mauritius.
Seasoned banker with over 15 years of international banking experience ranging from traditional debt solutions to the more complex structured financing solutions to accompany clients in their financing requirements. He brings an extensive knowledge and experience in international corporate banking across Africa and dealing with financial institutions. He joined the bank in 2010 and previously worked for Thomson Reuters and Barclays Bank (Mauritius) Ltd. He is responsible to drive the corporate business across Africa and diversifying financial institutions networks for the bank.
