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. The board is composed of:

OLIVIER EMMANUEL JAUFFRET

Chairperson and Independent Non-Executive Director

Former member of the Paris Bar

Master of Laws (Ll.M Degree) in International Business Law
University College London

Diploma of Advanced Legal Studies (Dess/Djce/Magistere) in Business Law
Aix-En-Provence University

Master in Law
Aix-En-Provence University

Olivier graduated in 1991 from the Law University of Aix-en-Provence and subsequently from London University. He holds a DESS and Magistère in business law, tax law and accounting and a postgraduate law degree (LL.M) from University College London. He was admitted to the Paris Bar in 1994.

Olivier spent his entire professional life as a lawyer (avocat) in the Paris office of two world leading international (UK and US) law firms, Linklaters and Weil Gotshal Manges, 22 years of which as a partner of each Firm successively. He has over 30 years’ experience as a fully versatile banking lawyer advising creditors and debtors (banks, funds and corporate) across the whole spectrum of products on the bank debt markets with in-depth knowledge of all financing and regulatory features. He was the head of the Paris banking practice at both Firms with a focus on clients and transactions with an international footprint and was widely recognized as one of the few leading banking lawyers of his generation.
ALASTAIR JAMES BRYCE

Independent Non-Executive Director

Bachelor of Commerce (with Honours)

University of Edinburgh, Scotland

Associate : London Institute of Banking & Finance

Associate : Hong Kong Institute of Bankers

Alastair is an international banker with over 35 years’ experience in the financial services sector.

He has worked in 9 countries in both emerging and developed markets and has successfully undertaken a wide range of roles across the industry. These have included senior positions in global markets, corporate and investment banking and risk management.

He is a former director of HSBC Bank (Mauritius) Ltd and was Chief Executive Officer of HSBC’s operations in Mauritius from 2013-2016. During that time, he also served as Chairman of the Mauritius Bankers Association.

Alastair is currently a member of the Board of Advisors at Deheza Ltd, a London-based corporate intelligence provider specialising in Latin America. He is also a Trustee of UK-registered charities involved in child poverty relief and historic building conservation.
JAN FREDRIK LOUIS GAËTAN BOULLÉ

Non-Executive Director

Ingénieur Statisticien Economiste (ISE)
France
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.
DIPAK CHUMMUN

Non-Executive Director

Fellow Member:

Institute of Chartered Accountants in England and Wales

Bachelor (with Honours) in Computer Science

The University of Manchester, UK

Dipak is the Group Chief Finance Officer of IBL Ltd. He joined Ireland Blyth Ltd upon his return to Mauritius and was appointed Executive Director and Group CFO in January 2015. Following its amalgamation with GML Ltee in 2016 which created IBL Ltd, Dipak was named Group CFO of the expanded group. In these roles, he has served as a Board Director to a number of companies and gained significant exposure to several industries.

Prior to the above, Dipak spent 25 years acquiring a vast amount of international experience. He started his career in audit and management consultancy with PWC mainly in London and Singapore where he helped a number of British and French clients expand their footprint into Asia. He then moved to the banking industry where he gained significant corporate banking, investment banking, global markets, finance, risk and strategy experience. He has held senior country, regional and group roles with Standard Chartered, Barclays, Emirates NBD and Deutsche Bank in London, Hong Kong, Thailand, Dubai, Singapore and Frankfurt.

He is a Council Member of the ICAEW in the UK and a Director and former Chairman of the Stock Exchange of Mauritius.
LAURENT DE LA HOGUE

Non-Executive Director

Masters in Management and Finance
Ecole Supérieure de Gestion et Finance, Paris

Laurent is currently the Head of Financial Services of IBL Ltd. He is a finance professional with more than 15 years experience in the financial services sector. He started his career with an international bank before joining GML Management Ltée in 2001 as Treasurer where he was involved in the setting up of the group central treasury management unit. He occupied various positions at executive levels and has been involved in development of projects including capital raising, mergers and acquisitions and company restructuring.

He also serves as Director on a number of organisations operating in the industrial, commercial, financial (regulated entities), investment and tourism sectors.
DORIANE DENISE-RAMA

Independent Non-Executive Director

Member

Mauritius Institute of Directors (MIoD)

MBA with Specialisation in Strategy with Distinction

Edinburgh Business School, Heriot-Watt University, UK

MBA with Distinction

Edinburgh Business School, Heriot-Watt University, UK

Bachelor of Business Administration with Distinction

University of South Africa

Doriane Denise-Rama is the Group Head of Talent of Culture of ENL Group since 2019. Leveraging 20 years of working experience, spanning fields such as banking, strategic planning, business operations, relationship management and human resources, she describes herself as dynamic, self-driven and optimistic. Prior to joining ENL, Doriane worked at the MCB Ltd and during her sixteen years stint therein, held positions in the Strategy, Research and Development, Business Banking and Human Resources Strategic Business Units.

During her career, she has had the opportunity to work on short term assignments in the Seychelles, Madagascar, Kenya and Rwanda, which have led her to look at the world of work from the prisms of multiple cultures. Her passion is the growth of people and the realisation of their dreams, epitomised by 3 years dedicated to coaching Entrepreneurs and SMEs as a Bank Relationship Manager, 10 years partnering with decision-makers facilitating their strategic thinking and planning and 5 years spent as a part time tutor to MBA students.

Groomed into an HR professional, her firm belief lies in the simple yet impactful fact that engaged employees contribute to a healthy and prosperous organisation. She now puts her expertise in strategy and hands-on practice to work in the field of human capital, while having culture, talent development and people engagement at the core of her work.

She is also a member of the MIoD and an active member of its Women Directors Forum, aiming at increasing the representation of women in C-suite and board positions in Mauritius.
BORIS FAUCHER

Non-Executive Director

CFA charterholder

CFA Institute

Bachelor of Business Administration, Major in Finance

HEC, Montreal, Canada

Boris graduated from the École des Hautes Études Commerciales in Montreal, Canada and is a CFA charterholder. He is a finance professional with 20 years of experience in corporate finance with a focus in merger and acquisitions and 12 years in the banking industry, in both developed and emerging markets.

Boris joined National Bank of Canada in 2011 in the Strategy and Corporate Development team where he worked on various bank acquisition projects and strategic planning mandates. Starting in 2015, he participated in the elaboration of the international investment strategy, playing a key role in acquiring and overseeing minority and majority equity investments in various financial institutions in Asia and Africa.
JENNIFER JEAN-LOUIS

Chief Financial Officer and Executive Director

Fellow Member
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.
ASLAM KANOWAH

Non-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.
REHANA KASENALLY

Independent Non-Executive Director

MSc Finance

Imperial College of Science & Technology, University of London, UK

BSc. (Hons) Statistics & Operations Research

Queen Mary College, University of London, UK

Rehana is a seasoned professional with broad financial services industry exposure including 13 years regulatory experience with the Financial Services Commission. She has been involved in the development of the global business sector of Mauritius from the outset in the early 1990s, focusing on policy development, and is fully conversant with the intricacies of the sector both at regulatory and business operations levels. Her competencies in compliance and AML/CFT mechanisms over the past 5 years have propelled her appreciation of the evolving prudential regulatory environment.

Having spent a decade in Kenya working as a freelance consultant for the UN and international organizations, Rehana has acquired valuable experience in donor funded monitoring and evaluation projects. She is currently working for FAM Ltd, an investment management company with operations in Monaco, Mauritius, Lugano and Dubai offering wealth management and captive advisory services.

Rehana has contributed to several publications relating to the Mauritius IFC in the local press and has a publication under way with the Oxford University Press (OUP).
CHRISTIAN ST-ARNAUD

Non-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.
FIORANGELO SALVATORELLI

Independent 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).
THIERRY VALLET

Chief Executive Officer and Executive Director

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

Date joined AfrAsia: 20-Aug-07

Engineer 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.
JOAN JILL WAN BOK NALE

Independent 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.
ANDY IVAN CHAN SOON SEN

Company Secretary

Fellow Member

Chartered Governance Institute of UK & Ireland

Member

Mauritius Institute of Directors

MBA with Specialisation in Financial Services

Open University of Mauritius

BA (Hons) Law and Management

University of Mauritius

Andy currently holds the post of Company Secretary of AfrAsia Bank Limited. He is a Chartered Governance Professional with more than 12 years of experience in corporate governance matters and company secretarial practice. Prior to joining AfrAsia Bank in 2022, he was responsible of the Corporate Affairs cluster of the main subsidiary of a leading global multinational operating in the pharmaceutical industry. Andy worked for various companies offering outsourced corporate & secretarial services to a diverse range of companies in various sectors. He started his career with a local conglomerate.

Alongside his role as Secretary to the Board, Andy also acts as Secretary to the Committees of the Board as follows: Audit Committee, Conduct Review Committee, Corporate Governance Committee, Credit Committee, Remuneration Committee, Risk Committee, Strategy Committee, Technology, Digitization and Platforms Committee. He is a Fellow Member of the Chartered Governance Institute UK & Ireland (“CGI”) and a Member of the Mauritius Institute of Directors (“MloD”).