Profiles of Board of Directors

  • Mr LALLOO Said - Independent Chairman

    Mr. Lalloo served at directorate level in the Finance Department of the African Development Bank (ADB) from 1981 to 1991 following a long career in the public sector, as Chief Accountant at the Ministry of Finance from 1971 to 1980 and at the Government Audit Department for 16 years up to 1970. He represented Ministry of Finance at board level as Chief Accountant on a number of parastatal bodies, boards and companies.

    He returned to Mauritius in 1992 and has since been serving as Director or Chairman on a number of organisations, namely:

    • Chairman of the National Housing Development Corporation (NHDC) from 1993 to 2000,
    • Director of the State Investment Corporation (SIC) from 1994 to 2004,
    • Director of the National Investment Trust (NIT) from 1994 to 2005 serving as Chairman in 2003 and 2004
    • Chairman of the Financial Services Commission (FSC) from November 2005 to March 2012, and
    • Chairman of the National Commercial Bank (NCB) from March 2015 to December 2015.

    Mr Lalloo is a fellow member of the Association of Chartered Certified Accountants.

  • Mr NAGARAJAN Sridhar - Chief Executive Officer and Executive Director

    Mr. Nagarajan is an engineering graduate with Masters in Business Administration. He has over 20 years of banking experience, of which the 15 years were with Standard Chartered Bank Plc of UK, in various businesses, franchise building and governance roles. In this capacity, since 2008, he had been overseeing the formulation and successful implementation of the Bank’s Mauritius strategy, which included leveraging Mauritius as a hub for Africa and unlocking the franchise’s potential as a global financial centre.

    In September 2015, Mr. Nagarajan joined Mauritius Post and Cooperative Bank (MPCB) as its CEO. In January 2016, he successfully oversaw the merger of National Commercial Bank with MPCB to form MauBank Ltd, with over 650 employees.

    For several years, Mr. Nagarajan held the posts of Vice Chairman of the Mauritius Bankers Association (MBA) and Chairman of the International Banking Sub-Committee of the MBA. He has also been the Vice-Chairman of Global Finance Mauritius (“GFM”), an industry body representing banks, institutional investors, law firms, accounting firms and management companies in Mauritius.

    He presently sits on the Board of the Small and Medium Enterprises Development Authority (SMEDA), and is the Chairman of NRF Equity Investment Ltd, a dedicated SME equity support fund created from shared resources of the MBA member banks & the Government of Mauritius. He is also the Chairman of the SME Development Sub-Committee of the MBA Board.

    He is a member of the Financial Services Consultative Council (FSCC), chaired by the Minister of Financial Services, Good Governance and Institutional Reforms.

  • Mr CODABUX Javed - Independent Director

    Mr Javed Codabux is an Accountant, and is currently working as Accountant and Manager at D & S LINES LTD (Accredited Agent for Jubilee Insurance). Prior that, he has worked in the accounting departments of African Reinsurance Corporation, Lamco International Insurance and Cheribinny Ltd.

    Mr Codabux holds an Executive Master in Business Administration {EMBA} with First Class(Hons) from EIILM University, Sikkim, INDIA and completed his Level 2 ACCA qualifications.  He also holds a Higher National Diploma in Business Finance, BTEC, EDexcel Level 5 - EDEXCEL UNIVERSITY (U.K) under the programme of Resource Development International(RDI) U.K.

    He is a member of the Mauritius Institute of Directors.

    Mr. Codabux has served as Board member on ex Mauritius Post and Cooperative Bank from March 2015 to January 2016.

  • Mr GOKHOOL Ashvin Jain - Independent Director

    Mr. Gokhool is a Fellow Member of the Association of Chartered Certified Accountants (UK), a Certified Financial Consultant (USA), an Associate Member of the Association of Certified Fraud Examiners (USA), a Member of the Mauritius Institute of Public Accountants (MIPA) and a Founder Member of the Institute of Certified Public Accountants of Rwanda (ICPAR). He is a qualified stockbroker from the Stock Exchange Commission (Australia) and also holds an Auditor’s Licence from the Financial Reporting Council (FRC).

    Mr. Gokhool is the Managing Partner at KSi (Mauritius), Public Accountants & Business Advisers and Managing Director of AG Consultants Ltd, Financial and Management Consultants. Both are member firms of Morison KSi (UK). Since 1987, he successively worked for Deloitte (Mauritius), PricewaterhouseCoopers (Mauritius, Paris and London), Mauritius Tourism Promotion Authority, Tourism Authority, Tourism Employees Welfare Fund. He also served as Advisor to the Minister of Agriculture, Food Technology & Natural Resources and the Minister of Tourism and Leisure. He is an Independent Financial Analyst and worked with the Restructuring Working Group of the National Resilience Fund at The State Investment Corporation.

    Presently, he acts as the Chairman of the National Transport Corporation Board. He is an independent non-executive Director at the Bank as well as the Chairman of the Audit Committee.

  • Mr NICOLAS Jean Marie Cyril - Independent Director

    Mr. Nicolas holds a Diploma in Marketing Management, South Africa and a Diploma in Human Resource, South Africa. He is a Registered trainer with MQA since 1988 and President of the Indian Ocean Marketing Association. He is also a Director of Effective Coaching Ltd and has recently appointed as Consultant for the JSI Johannesburg School of Investment.

  • Mr NILAMBER Anoop - Non Executive Director

    Mr. Nilamber is currently an Economic Advisor at the Ministry of Finance and Economic Development. Prior to joining the government, Anoop was a Corporate Finance Banker at HSBC in France and at the Mauritius Commercial Bank. In Paris, Anoop was also a part-time lecturer in Finance at Universite Pantheon Assas (Paris II) where he graduated in Banking and Finance.

  • DR PALIGADU Dharamraj - Non Executive Director

    Dr. D. Paligadu is currently Director at the Ministry of Finance and Economic Development, responsible for the inclusive development sector, as well as director of Mauritius Multisports Infrastructure Limited.

    During his career, Dr Paligadu has worked at the ex-Management Audit Bureau (MAB) of the Ministry of Finance for 10 years. He also served as Assistant-Accountant General at the Treasury Department from 2001 to 2005. As Assistant Director - Debt Management Unit, he was responsible for managing the overall debt portfolio of the Central Government from 2004 to 2008. Apart from serving the different sections at the Ministry of Finance, he has been a Board member of different parastatal organisations.

    He has also been a part time lecturer at the University of Mauritius, University of Technology Mauritius and Open University for Master degrees. He is a holder of a PhD from Aligarh Muslim University and holds an Advanced Diploma in Management Research from the All India Management Association - Centre for Management Education, an MBA from the University of Mauritius and is a Fellow of ACCA.

    Dr D. Paligadu has acted as Board Member of the following Institutions:-

    • National Remuneration Board
    • Central Depository and Settlement System(CDS)
    • Trade Union Trust Fund
    • Appravasi Ghat Trust Fund
    • Local Development Fund
    • Unified Local Government Service Board
    • Maurice Ile Durable Fund
    • Employees Welfare Fund and acting Chairman from January 2015 to 9th April 2015
    • Mauritius Post and Cooperative Bank Ltd
    • Treasury Foreign Currency Management Fund
  • Mr PUTCHAY Vassoo Allymootoo - Non Executive Director

    Mr.  Putchay is currently the Permanent Secretary at the Ministry of Business, Enterprise and Cooperatives. He was appointed Permanent Secretary on 31 December 2014. From the year 2000 to 2014, he served in various Government Departments as Deputy Permanent Secretary. He represents the Ministry on the Boards of Directors of the Development Bank of Mauritius and Enterprise Mauritius.

    From June 2008 to December 2011, he was the Secretary to the Commission at the Independent Commission Against Corruption (ICAC).

    He has been the ‘répondant national’ and a member of the Executive Committee of the ‘Agence Intergouvernementale de la Francophonie’ from 2001 to 2004, in matters relating to human resources development.

    He holds a Diploma in Public Administration and Management, a Degree in Economics and Management Studies and a Master in Business Administration

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