Our Leadership

Board of Directors

Mr. Rajeev HASNAH

Chairperson
Mr. Mr Rajeev HASNAH

Mr. Hasnah started his career as an Economist in the City, London, where he worked at IDEA global, an independent economic research firm, advising traders and investment managers. Throughout his career, Mr. Hasnah has demonstrated a commitment to excellence and innovation, whilst also showcasing his competence on the front of regional diplomacy and public administration. During his tenure as Deputy Executive Director and Chief Economist at the Competition Commission of Mauritius, and as Commissioner at the COMESA Competition Commission, he oversaw investigations in mergers and acquisitions, abuse of dominance and cartel cases. He also contributed to policy development and Competition Law enforcement at the highest level both in Mauritius and across the COMESA region.

Mr. Hasnah’s career history also includes strategic roles in the private sector in Mauritius. As a Chief Finance Officer in different corporate entities listed on the Stock Exchange of Mauritius, he, in particular, spearheaded critical restructuring and investment initiatives. Mr. Hasnah also provided expert advice on competition economics and corporate finance as an independent consultant. Mr Hasnah’s early career roles as an economist and a Chartered Financial Analyst within the investment management and corporate finance fields equipped him with a solid foundation in financial and economic analysis, as well as investment management and strategic planning expertise. He stands as a distinguished economist and finance professional with a robust academic background and proven track record in both business and public administration.

Mr. Hasnah is a thought leader in Mauritius in the field of economics and finance. His views as a trusted expert are widely sought after by leading economic journalists, and he has featured in numerous articles and interviews in both print and broadcast media. Mr Hasnah is currently the First Deputy Governor of the Bank of Mauritius.

Mr. Ramsamy CHINNIAH

Non-Executive Director

Mr. André Chung Shui

Independent Director

Ms. Rehana KASENALLY

Independent Director
Mr. Ramsamy CHINNIAH

Prior to his appointment as Second Deputy Governor of the Bank of Mauritius, Mr Chinniah was Director of Supervision at the Bank of Mauritius. Throughout his extensive tenure in the Supervision Department, he played a key role in shaping and advancing the legal, regulatory, and supervisory frameworks that underpin the Mauritian banking sector. He actively contributed to the elaboration of key banking policies which have helped strengthen the country’s banking system in the face of major financial challenges, including the global financial crisis of 2007 and the Covid-19 pandemic. Mr. Chinniah was instrumental in the formulation of guidelines aligned with best international practices and assessed their impact on the banking industry. He was instrumental in the implementation of a prudential supervision framework focused on independent, forward-looking, and risk-based oversight of the banking sector. He is also credited with the formulation of AML/CFT rules and directives and with the design of methods for on-site examination of licensees of the Bank of Mauritius.

He has been extensively involved in programmes and projects run by international organisations, amongst which the International Monetary Fund and the World Bank, rating agencies, regulatory entities and multilateral institutions. From September 2024, and until his appointment as Second Deputy Governor, Mr. Chinniah was the Chairman of the Community of African Banking Supervisors, a working Group set up under the aegis of the Association of African Central Banks.

From 2006 to 2008, he was the Chairman of the Southern African Development Community Subcommittee of Banking Supervisors. He was equally a member of the Mauritius Steering Committee of Accounting and Auditing services. Mr. Chinniah holds a Master of Science in Financial Economics from the University of Mauritius (2009), is an Admitted Fellow of the Association of Chartered Certified Accountants (UK, 1999) and successfully completed the Association’s final examinations in 1991.

Mr. André Chung Shui

Mr. Chung Shui is currently the Managing Director of PeaQ Advisors Ltd (PeaQ), which he founded in 2020. PeaQ has an investment advisor (unrestricted) license from the Financial Services Commission, Mauritius (“FSC”). He has more than 25 years of experience in the financial services sector. From 2011-2014, Mr Chung Shui was the Managing Director of Mauritian Eagle Insurance, a listed composite insurance company. He was the Director of Metropolitan Life (Mauritius) Ltd from 2011-2017. He held a senior position at the Happy World Group until 2010 and currently sits as a non-executive Director on the board. Mr Chung Shui was also an Owner-Director of LCF Securities Ltd, a licensed Investment Dealer/Advisor with the FSC, from 2014-2017. He has been a non-executive Director on the board of the Stock Exchange of Mauritius since 2010 and currently chairs the Investment Committee and is a member of the Remuneration Committee. He is also an independent Director of several companies in the Mauritius Global Business sector.

Ms. Rehana KASENALLY

Ms Kasenally is a seasoned professional with broad financial services industry exposure including 13 years regulatory experience with the Financial Services Commission, Mauritius. 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 and risk management mechanisms over the past 5 years have propelled her appreciation of the evolving prudential regulatory environment. Ms Kasenally has served as an Independent Non-Executive Director on the Board of Afrasia Bank, Mauritius and was member of the Audit Committee and the Technology & Digital Platform Committee.

Her Board experience has provided her valuable banking insights at a strategic level. Having spent a decade in Kenya working as a freelance consultant for the UN and international organizations, Ms Kasenally has acquired valuable experience in donor funded monitoring and evaluation projects. Ms Kasenally has contributed to several publications relating to the Mauritius IFC in the local press and has authored a chapter in the Oxford Handbook on the Mauritian Economy, an Oxford University Press (OUP) publication

Ms. Bhavna RAMSURUN

Independent Director

Mrs Verena
TANDRAYEN-RAGOOBUR

Independent Director

Ms. Vedna MULLOO

Independent Director
Ms. Bhavna RAMSURUN

Ms. Ramsurun is a Partner at BLC Robert & Associates and is involved in diverse aspects of financial regulatory matters with a special focus on investment funds, capital markets regulation and securities law. Ms. Ramsurun frequently advises on the fund formation, the establishment of financial services providers and institutions and regulatory compliance. She has represented a number of fund managers, private equity and venture capital firms, investment funds and financial institutions as well as institutional investors. Her work consists of structuring and setting up fund structures and other types of private investment vehicles, and this includes advising on regulatory matters. She also regularly intervenes on transactional work and ongoing compliance issues.

She advises on securities law and capital market matters including the securities offering, listing of securities (structured products, exchange traded funds, equity, and debt securities) on the Stock Exchange of Mauritius, takeover regulation and issuers’ regulatory obligations. Ms. Ramsurrun has advised domestic and international players on their capital raise on the Mauritian market and on a cross-border basis. She has also represented investors in acquisition of shares and takeovers of public companies.

Mrs Verena TANDRAYEN-RAGOOBUR

Mrs Verena Tandrayen-Ragoobur is Associate Professor in Economics at the University of Mauritius. She is currently the Dean of Faculty of Social Sciences and Humanities. She is also the co-chair of the WTO Chairs Programme and heads the Pole of Applied Socio-Economic Research and Analysis at the University of Mauritius where she spearheads interdisciplinary research in economics, statistics, and social policy. Her research focuses on international and development economics, with particular expertise in poverty and inequality, labour markets, trade, social protection and gender. She has been actively involved in various international and national research projects, collaborating with governments, international organizations, NGOs, and private institutions to provide evidence-based policy recommendations. Mrs Tandrayen-Ragoobur has published extensively in high-impact factor journals, contributing to critical discussions on economic development, trade policy, and gender economics. Her work is widely cited, and she has presented at numerous international conferences and policy forums. She has also led and
participated in research projects funded by organizations.

Beyond academia, Verena plays a key role in policy advisory and capacity-building initiatives. She has been instrumental in the development of national policies, including employment policies, gender action plans, and social protection strategies. Her work is driven by a commitment to bridging the gap between research and policy, ensuring that economic analysis contributes to sustainable development, inclusive growth, and social justice.

Ms. Vedna MULLOO

Over the last 29 years, Ms. Mulloo has held senior management positions in the private sector. Until August 2011, she was the Deputy Director of Accenture (IT) Mauritius. She drove Charter initiatives to achieve Centre growth objectives, key continuous improvement projects and Great Place to Work Initiatives as well as led both the BPO and IT delivery Centres through operational excellence and other quality certifications. Before joining Accenture, she was the Assistant Director at the Mauritius Employers’ Federation (MEF, now Business Mauritius). She participated in high level private-public sector forums such as Tripartite Consultations and other key national Boards and Committees, published well-read economic publications and papers and was also the President of the MEF Provident Association (MEFPA) and of the MEF Super Fund (MEF pension scheme).

She is currently the Director of Improov Ltd which aims at “harnessing synergies to create great culture movements”. Improov engages in culture coaching – co-creating and strengthening organisational cultures, Coaching at executive, team and individual levels, and training using NLP and Emotional Intelligence foundations. She has driven culture, people and process transformations and initiatives in organisations such as ABSA (Mtius), Marriott Mauritius, Gamma Materials Ltd, Logidis, KPMG, ENL, MCB, IBL Seafood Hub, Princes Tuna Mauritius, among others. Throughout her career, Ms Mulloo has served on various Boards spanning diverse industries and economic sectors.

Chief Executive Officer

Mr. Jitendra Nathsingh
BISSESSUR

Chief Executive Director
Mr. Jitendra Nathsingh BISSESSUR

Jitendra Bissessur is the Chief Executive Officer of the Mauritius Investment Corporation Ltd (MIC) since March 2021. He was the Officer-in-Charge of the MIC since its inception in June 2020.

He was previously the Director of the Economic Research and Analysis and Statistics Department of the Bank of Mauritius (2018-2020). He worked as an economist in the African Department of the International Monetary Fund (IMF) (2013-14). Mr Bissessur was a Member of the Bank’s Monetary Policy Committee, Statistics Board, and the IMF’s Task Force on Special Purpose Entities.

He joined the Research Department of the Bank of Mauritius in January 1991 and has over 30 years of experience in the central banking field. Mr Bissessur is skilled in macroeconomic policy and statistical analysis and forecasting. Mr Bissessur holds a BA(Hons) in Mathematical Statistics from the University of Delhi, India and a MSc in Applied Economics with specialization in banking and finance from the University of Mauritius.

Mr. Rajeev HASNAH Chairperson

Chairman of the Board

Biography

Mr. Hasnah started his career as an Economist in the City, London, where he worked at IDEA global, an independent economic research firm, advising traders and investment managers. Throughout his career, Mr. Hasnah has demonstrated a commitment to excellence and innovation, whilst also showcasing his competence on the front of regional diplomacy and public administration. During his tenure as Deputy Executive Director and Chief Economist at the Competition Commission of Mauritius, and as Commissioner at the COMESA Competition Commission, he oversaw investigations in mergers and acquisitions, abuse of dominance and cartel cases. He also contributed to policy development and Competition Law enforcement at the highest level both in Mauritius and across the COMESA region.

Mr. Hasnah’s career history also includes strategic roles in the private sector in Mauritius. As a Chief Finance Officer in different corporate entities listed on the Stock Exchange of Mauritius, he, in particular, spearheaded critical restructuring and investment initiatives.

Mr. Hasnah also provided expert advice on competition economics and corporate finance as an independent consultant. Mr Hasnah’s early career roles as an economist and a Chartered Financial Analyst within the investment management and corporate finance fields equipped him with a solid foundation in financial and economic analysis, as well as investment management and strategic planning expertise. He stands as a distinguished economist and finance professional with a robust academic background and proven track record in both business and public administration.

Mr. Hasnah is a thought leader in Mauritius in the field of economics and finance. His views as a trusted expert are widely sought after by leading economic journalists, and he has featured in numerous articles and interviews in both print and broadcast media. Mr Hasnah is currently the First Deputy Governor of the Bank of Mauritius.

Mr. Ramsamy CHINNIAH

Non-Executive Director

Biography

Prior to his appointment as Second Deputy Governor of the Bank of Mauritius, Mr Chinniah was Director of Supervision at the Bank of Mauritius. Throughout his extensive tenure in the Supervision Department, he played a key role in shaping and advancing the legal, regulatory, and supervisory frameworks that underpin the Mauritian banking sector. He actively contributed to the elaboration of key banking policies which have helped strengthen the country’s banking system in the face of major financial challenges, including the global financial crisis of 2007 and the Covid-19 pandemic.

Mr. Chinniah was instrumental in the formulation of guidelines aligned with best international practices and assessed their impact on the banking industry. He was instrumental in the implementation of a prudential supervision framework focused on independent, forward-looking, and risk-based oversight of the banking sector. He is also credited with the formulation of AML/CFT rules and directives and with the design of methods for on-site examination of licensees of the Bank of Mauritius.

He has been extensively involved in programmes and projects run by international organisations, amongst which the International Monetary Fund and the World Bank, rating agencies, regulatory entities and multilateral institutions. From September 2024, and until his appointment as Second Deputy Governor, Mr. Chinniah was the Chairman of the Community of African Banking Supervisors, a working Group set up under the aegis of the Association of African Central Banks.

From 2006 to 2008, he was the Chairman of the Southern African Development Community Subcommittee of Banking Supervisors. He was equally a member of the Mauritius Steering Committee of Accounting and Auditing services. Mr. Chinniah holds a Master of Science in Financial Economics from the University of Mauritius (2009), is an Admitted Fellow of the Association of Chartered Certified Accountants (UK, 1999) and successfully completed the Association’s final examinations in 1991.

Mr. André Chung Shui

Independent Director

Biography

Mr. Chung Shui is currently the Managing Director of PeaQ Advisors Ltd (PeaQ), which he founded in 2020. PeaQ has an investment advisor (unrestricted) license from the Financial Services Commission, Mauritius (“FSC”). He has more than 25 years of experience in the financial services sector. From 2011-2014, Mr Chung Shui was the Managing Director of Mauritian Eagle Insurance, a listed composite insurance company.

He was the Director of Metropolitan Life (Mauritius) Ltd from 2011-2017. He held a senior position at the Happy World Group until 2010 and currently sits as a non-executive Director on the board. Mr Chung Shui was also an Owner-Director of LCF Securities Ltd, a licensed Investment Dealer/Advisor with the FSC, from 2014-2017. He has been a non-executive Director on the board of the Stock Exchange of Mauritius since 2010 and currently chairs the Investment Committee and is a member of the Remuneration Committee. He is also an independent Director of several companies in the Mauritius Global Business sector.

Ms. Rehana KASENALLY

Independent Director

Biography

Ms Kasenally is a seasoned professional with broad financial services industry exposure including 13 years regulatory experience with the Financial Services Commission, Mauritius. 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 and risk management mechanisms over the past 5 years have propelled her appreciation of the evolving prudential regulatory environment. Ms Kasenally has served as an Independent Non-Executive Director on the Board of Afrasia Bank, Mauritius and was member of the Audit Committee and the Technology & Digital Platform Committee.

Her Board experience has provided her valuable banking insights at a strategic level. Having spent a decade in Kenya working as a freelance consultant for the UN and international organizations, Ms Kasenally has acquired valuable experience in donor funded monitoring and evaluation projects. Ms Kasenally has contributed to several publications relating to the Mauritius IFC in the local press and has authored a chapter in the Oxford Handbook on the Mauritian Economy, an Oxford University Press (OUP) publication.

Ms. Bhavna RAMSURUN

Independent Director

Biography

Ms. Ramsurun is a Partner at BLC Robert & Associates and is involved in diverse aspects of financial regulatory matters with a special focus on investment funds, capital markets regulation and securities law. Ms. Ramsurun frequently advises on the fund formation, the establishment of financial services providers and institutions and regulatory compliance. She has represented a number of fund managers, private equity and venture capital firms, investment funds and financial institutions as well as institutional investors. Her work consists of structuring and setting up fund structures and other types of private investment vehicles, and this includes advising on regulatory matters. She also regularly intervenes on transactional work and ongoing compliance issues.

She advises on securities law and capital market matters including the securities offering, listing of securities (structured products, exchange traded funds, equity, and debt securities) on the Stock Exchange of Mauritius, takeover regulation and issuers’ regulatory obligations. Ms. Ramsurrun has advised domestic and international players on their capital raise on the Mauritian market and on a cross-border basis. She has also represented investors in acquisition of shares and takeovers of public companies.

Mrs Verena TANDRAYEN-RAGOOBUR

Independent Director

Biography

Mrs Verena Tandrayen-Ragoobur is Associate Professor in Economics at the University of Mauritius. She is currently the Dean of Faculty of Social Sciences and Humanities. She is also the co-chair of the WTO Chairs Programme and heads the Pole of Applied Socio-Economic Research and Analysis at the University of Mauritius where she spearheads interdisciplinary research in economics, statistics, and social policy. Her research focuses on international and development economics, with particular expertise in poverty and inequality, labour markets, trade, social protection and gender.

She has been actively involved in various international and national research projects, collaborating with governments, international organizations, NGOs, and private institutions to provide evidence-based policy recommendations. Mrs Tandrayen-Ragoobur has published extensively in high-impact factor journals, contributing to critical discussions on economic development, trade policy, and gender economics. Her work is widely cited, and she has presented at numerous international conferences and policy forums. She has also led and participated in research projects funded by organizations.

Beyond academia, Verena plays a key role in policy advisory and capacity-building initiatives. She has been instrumental in the development of national policies, including employment policies, gender action plans, and social protection strategies. Her work is driven by a commitment to bridging the gap between research and policy, ensuring that economic analysis contributes to sustainable development, inclusive growth, and social justice.

Ms. Vedna MULLOO

Independent Director

Biography

Over the last 29 years, Ms. Mulloo has held senior management positions in the private sector. Until August 2011, she was the Deputy Director of Accenture (IT) Mauritius. She drove Charter initiatives to achieve Centre growth objectives, key continuous improvement projects and Great Place to Work Initiatives as well as led both the BPO and IT delivery Centres through operational excellence and other quality certifications. Before joining Accenture, she was the Assistant Director at the Mauritius Employers’ Federation (MEF, now Business Mauritius).

She participated in high level private-public sector forums such as Tripartite Consultations and other key national Boards and Committees, published well-read economic publications and papers and was also the President of the MEF Provident Association (MEFPA) and of the MEF Super Fund (MEF pension scheme).

She is currently the Director of Improov Ltd which aims at “harnessing synergies to create great culture movements”. Improov engages in culture coaching - co-creating and strengthening organisational cultures, Coaching at executive, team and individual levels, and training using NLP and Emotional Intelligence foundations. She has driven culture, people and process transformations and initiatives in organisations such as ABSA (Mtius), Marriott Mauritius, Gamma Materials Ltd, Logidis, KPMG, ENL, MCB, IBL Seafood Hub, Princes Tuna Mauritius, among others. Throughout her career, Ms Mulloo has served on various Boards spanning diverse industries and economic sectors.

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