Internet Banking
Click icon again to close

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. 

    Chief 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. 

    General Manager

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

    Date joined AfrAsia: 20-Aug-07

    Engineer by trade, Thierry brings 20 years of experience to the Banking and Finance Industry since he is specialised in International Finance during his MBA at the prestigious School HEC. Thierry joined AfrAsia Bank as Founding Executive and Head of Strategic Development in 2007 and has been instrumental in shaping the Bank from the ground up whilst contributing to a commendable performance that has earned AfrAsia Bank accolades in the private banking and innovation space over the years. Leveraging on regional and international roadshows, Thierry has actively promoted the Mauritian Private Banking jurisdiction with the aim to position the Island as one of repute and substance. In 2012, Thierry was promoted to General Manager and has been the acting CEO of AfrAsia Bank and AfrAsia Capital Management as and when required. Thierry is also a Director of AfrAsia Group subsidiaries. As a golf enthusiast, Thierry has been a key contributor in launching and making a success the AfrAsia Bank Mauritius Open since its inception.

    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 – 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

    Over 25 years of experience in financial management gained whilst working for 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. Yogesh also worked for Deutsche Bank (Mauritius) where he headed the fiduciary services division. He sits on the Board of STEP Mauritius, which promotes private clients work and liaises with the Government of Mauritius on current issues and the implementation of fiduciary legislation.

    Chief Financial Officer and Executive Director

    Fellow 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.

    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

    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

    Suneeta is an experienced marketer in the banking sector, with more than 25 years of experience. She started her career at HSBC in 1994 spearheading responsibilities in sales and marketing, credit and risk, credit risk management and branch operations. In July 2007, she joined AfrAsia, a Bank that she contributed to building since inception with a unified branding, marketing and communications strategy, reckoned today as a key financial services player. She is a member of CMO Club, the world’s most innovative and engaged member-based community of Chief Marketing Officers.


    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 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

    A 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).


    Chief Representative Officer - South Africa Representative Office

    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 Sustainability and CSR

    A 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.

    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