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Corporate Governance

Senior Management Team

Meet the people who set AfrAsia’s strategy and run your bank day-to-day

Our senior management team consists of an Executive Committee and a Management Committee. The Executive Committee is responsible for setting AfrAsia Bank’s strategy, while the Management Committee is responsible for implementing it. Sanjiv Bhasin, our CEO, has overall responsibility for the Bank’s operational activities and functions.

    Chief Executive Officer

    Qualifications: MBA in Finance from XLRI Jamshedpur (India), B.Com (Hons) degree in Accounting and Finance from the Shri Ram College of Commerce, University of Delhi (India)

    Appointed: 19 November 2015 

    Sanjiv Bhasin is the CEO of AfrAsia Bank Ltd. He worked for HSBC between 1979 and 2004, holding various positions in their Corporate Banking, Investment Banking and Credit & Risk Management divisions in India, Mauritius and the UK. His last role at HSBC was Chief Operating Officer for HSBC India. From 2004 to 2008 he was the Managing Director & CEO of RaboBank in India, and thereafter joined DBS India, turning it into the fourth largest foreign bank in India. His noteworthy accomplishments have been recognised by EMEA Finance’s African Banking Awards who bestowed him CEO of the Year 2018.

    General Manager

    Master of Business Administration - International Finance
    HEC School of Management, Paris

    Date joined AfrAsia: 20-Aug-07

    Thierry started his career as an Engineer and worked for large companies such as LONRHO, ILLOVO and IBL. In 2000, he went back to school to do a MBA at HEC Paris where he specialised in International Finance. He then started his financial career working for Groupe Generali as an Insurance Inspector. In 2005, he returned to Mauritius and joined the Mauritius Commercial Bank Limited as Corporate Banker and moved to AfrAsia Bank in 2007 as Head of Strategic Development.

    Chief Technology and Operations Officer

    Master of Business Administration
    University of Cape Town


    Bsc 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.


    Senior Executive – Treasury & Markets

    ACI Dealing Certificate

    Bachelor of Arts in Marketing and HR
    Middlesex University London

    Date joined AfrAsia: 21-Jan-13

    Parik, a Mauritian national, has over 15 years’ experience in Financial Markets. He worked at the Standard Bank where he held the post of Head of Sales - Global Markets (Mauritius) for approximately 5 years. He then moved to Beijing as the General Manager, Global Markets Advisory (China) for the same company.

    Senior Executive – Head Corporate Banking

    Master of Business Administration
    University of Witwatersrand (WITS) South Africa

    Post Graduate Diploma in Business Management
    University of Witwatersrand (WITS) South Africa

    Degree in Social Science (PPE)
    University of Cape Town

    Date joined AfrAsia: 07-Jan-13

    Robin has over 16 years' experience in Corporate and Investment banking with an extensive knowledge in global markets, investment banking and lending products. Robin was with Standard Bank for more than 11 years, spent 3 years in Mauritius as Head of Corporate Banking, followed by some time in South Africa as a senior banker to Standard Bank’s large global multinational clients where he developed an extensive knowledge of Africa related banking and business. Robin currently heads up the domestic and international corporate banking activities for the Bank. Robin also acts as a non-executive director on some of the AfrAsia Capital Management investment funds.

    Senior Executive – Head Global Business

    Society of Trust and Estate Practitioners (STEP)
    International Tax Planning Association (ITPA)
    Association of International Wealth Management (AIWM)
    Mauritius Institute of Directors (MIoD)

    Postgraduate certificate in the Mechanics of Private Equity
    Middlesex University

    Date joined AfrAsia: 03-Jul-08

    Yogesh has over 25 years of experience in financial management gained whilst working for International Financial Services Limited (now part of Sanne Group Plc), a leading International Management Company in Mauritius. He also worked for Deutsche Bank (Mauritius) where he headed the fiduciary services division.

    Yogesh sits on the board of STEP Mauritius, which promotes Private Clients work and liaises with the Mauritius Government on current issues and the implementation of fiduciary legislation.

    Chief Financial Officer

    Fellow Member
    Institute of Chartered Accountants in England and Wales
    Chartered Tax Advisor

    Date joined AfrAsia: 30-Jul-07

    Jennifer has been with the Bank since its inception and has contributed in the setting up of its financial management frameworks incorporating finance, taxation and treasury back office. She is a finance professional with over 20 years of experience gained locally and internationally in both public practice and the industry.

    Head of Credit Risk

    Qualifications in Management 
    University of Mauritius

    Date joined AfrAsia: 28-Oct-2013


    Sevami has an extensive career in the banking sector counting more than 19 years of experience. Prior to joining AfrAsia, Sevami held several senior positions within the field of Credit Risk at Standard Bank (Mauritius) Limited and Barclays Bank PLC Mauritius.  During her career, she has developed a broad knowledge of both local and international markets, providing leadership and guidance in all matters relating to credit risk management, credit approvals, monitoring and controlling the credit portfolio. Sevami holds a bachelor degree In Management from the University of Mauritius.

    Chief Marketing Officer

    Pre Associateship
    Chartered Institute of Bankers

    MSc in Marketing
    Salford University

    International Certificate for Financial Advisor
    Chartered Insurance Institute

    General Management Certificate
    ESSEC Business School, France

    Date joined AfrAsia: 01-Jul-07

    With more than 20 years of experience, including 12 years in a managerial position, Suneeta is an experienced marketer in the banking sector. She started her career at HSBC in 1994 spearheading responsibilities in Sales & Marketing, Credit & Risk, CRM and branch operations. In July 2007, she joined AfrAsia, a bank she contributed to building since inception with a unified branding, marketing and communications strategy, reckoned today as a key financial services player.


    Head of Risk


    Association of Chartered Certified Accountants (ACCA)

    Chartered Institute for Securities & Investment (UK)

    Mauritius Institute of Directors (MIoD)

    The Institute of Risk Management South Africa (IRMSA)


    Date joined AfrAsia04-Sep-16

    Rakesh was appointed Head of Risk in October 2018. He was previously Business Manager reporting to the Senior Executive – Corporate Banking and to the Chief Executive Officer. He currently oversees the Market Risk, Asset and Liability Management, Recovery, AML, Operational Risk and IFRS9 implementation divisions.

    Prior to joining AfrAsia, Rakesh accumulated extensive experience through various senior roles driving change across the Audit & Finance divisions with Deloitte & Touche Qatar, Deutsche Bank and Standard Bank. He brings over 20 years of onshore and offshore expertise in key areas such as Risk Appetite, Budgeting, Strategic planning and other fundamental projects

    Head of Human Resources and Change Management

    Mauritius Institute of Directors (MIoD)

    Qualifications in Human Resources (ABE UK) and Project Management
    University of Mauritius

    Master of Business Administration
    Edinburgh Business School

    Date joined AfrAsia: 01-Jun-2010

    Maureen started her career with Barclays Bank (UK) approximately 25 years ago. She joined AfrAsia as Head of Human Resources and Change Management in 2010 and has experience in the UK and African markets.

    Head of Corporate Sustainability and CSR

    Master droit, economie, gestion

    University Clermont Auvergne, France


    Advanced Certification in Sustainability

    Centre for Sustainability and Excellence (CSE)


    MSc in CSR and Corporate Governance

    University of Technology Mauritius


    BA in Arts (English, French with Communication)



    Date joined AfrAsia: 22 September 2014


    Luvna has over 10 years’ experience in Sustainability and CSR in Private Sector Organisations and Banking. Prior to joining AfrAsia Bank, Luvna has been responsible for MEF Foundation (now Business Mauritius) and has worked on communication and development programmes with the Mauritius Chamber of Commerce and Industry.  


    She has represented business organisations and companies in many international meetings and conferences in more than 25 countries in Europe, Africa, South America and Asia with organisations like ILO, UN Habitat, ITC, GRI, UNGC and Federation of Employers. Well versed in the integration of sustainability in the implementation of business strategies and with a demonstrated history of corporate communication in organisations, she has developed for AfrAsia Bank and its subsidiary the CSR and Sustainability department.


    Luvna chairs the Global Compact Network-Mauritius since 2018 and has been invited on many conferences around the globe to speak about Corporate Sustainability. 


    Head of Internal Audit

    Kristy Kumar Ballah is a fellow member (FCA) of the Institute of Chartered Accountants in England and Wales (ICAEW) and also holds 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.

    Group Head of Operations

    Dave 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).

    Group Head Compliance and MLRO

    Loteswar Fangoo (Anil) has over 25 years of experience in the banking and legal field.

    Prior to joining AfrAsia Bank Ltd in 2009, Anil headed the Legal and Compliance Department at SBI Mauritius. His fortes are legal, compliance and credit recovery.

    He is a Certified Anti-Money Laundering Specialists (ACAMS), a member of the Mauritius Institute of Directors (MIOD) and associate member of the Association of Certified Fraud Examiners (ACFE).

    Chief Representative Officer - South Africa Representative Offices

    Colin 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.

    Head of ICT Security

    Atish 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.

    Head of ICT

    Suruj joined AfrAsia Bank as Head of ICT in October 2019. His rich career comprises a diversity of roles within the Standard Bank Group in Mauritius, Botswana, Nigeria, South Africa, Namibia and Ivory Coast.

    He has extensive experience in IT Application, Infrastructure operations as well as Core Banking systems and Business Process transformation projects. Suruj  possesses a proven track record in driving IT strategy with a focus on innovation and strategic change.

    Head of Treasury

    Jen’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.

  • Teamwork
  • Customer Experience
    Customer Experience
  • Innovation
  • Sustainability