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Board of Directors


The Board of the Stock Exchange of Mauritius Ltd (SEM) shall consist of not more than ten directors, of whom:

- at least two shall be members of the Industry; and
- at least one shall be an Executive Director;

No person shall be appointed as a Director without the prior approval of the FSC pursuant to Section 24 of the Financial Services Act 2007.

The Board Members for the year are as follows:



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Prof. Donald Ah-Chuen, Non-Executive Director, is a fellow member of (a) the Institute of Chartered Accountants in England and Wales, and (b) the Institute of Chartered Accountants of Australia. He holds a M.B.A. degree (Strathclyde) and is also a M.C.I.P.D. (Member of Chartered Institute of Personnel & Development, U.K.). He is the Chairperson of the SEM and a member of its Strategic Development Committee. He  is currently a Director of the ABC Group and the Managing Director of ABC Banking Corporation Ltd. He was the Chairman of the Tertiary Education Commission of Mauritius and President of the Mauritius Chamber of Commerce and Industry in 2000 and 2006, and is an Executive Committee Member of the Chinese Chamber of Commerce.



Shailen Soobah

Jaiyansing Shailen Soobah is a Fellow of the Association of Chartered Certified Accountants and holds a Master in Business Administration.  He started his career with De Chazal Du Mée (now BDO) where he spent 10 years in the audit and offshore departments.  In 2003, he moved to the Financial Services Commission where he was officer-in-charge of the insurance supervision department.

In 2009, he joined CIM Group, and was subsequently appointed as Senior Manager Compliance of the insurance and investment cluster.  With the merger of the insurance businesses of Swan and CIM in June 2012, he was appointed Manager-Business Support in the Corporate Office and is also the Group Company Secretary of Swan. He has recently been appointed risk officer and is a member of Swan’s executive committee. Shailen is a director of Swan Securities Ltd, Swan Global Funds Ltd and Swan International Co Ltd. He is the Vice Chairman of SEM and a Non-Executive Director of the CDS.


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Sunil Benimadhu, joined the SEM as Chief Executive in May 1998. He was appointed Executive Director of the SEM in October 2008. He holds a M.B.A. in Finance and Investment from the University of Illinois, United States. He also holds a D.E A. in Development Economics and a Maîtrise in Macro-Economics from the University of Aix-Marseille, France. Sunil is the Chairman of Global Finance Mauritius, the apex body of private sector operators in the Financial Services Industry in Mauritius. He has been elected in September 2017 for a new three-year term on the Board of the World Federation of Exchanges (WFE), an association of the World's leading Stock Exchanges. Sunil was the President of the African Securities Exchanges Association (ASEA) an association of 28 Exchanges operating on the continent, from August 2010 to November 2014.  From 2002 to 2004, he was a member of the Executive Committee of the South Asian Federation of Exchanges (SAFE), which comprises twelve Stock Exchanges of the South Asian region. From 2001 to 2003, he chaired the SADC Committee of Stock Exchanges (COSSE), an association of stock exchanges which includes ten exchanges of the Southern African region.

nitin benimadhu

Nitish Benimadhu, Non-Executive Director, holds a Honours Degree and a Masters Degree in Economics from the University of Ottawa, Canada.  He currently holds the position of Senior Manager - Capital Markets and leads the non-insurance cluster of SWAN.  Nitish has more than 10 years’ experience in the finance industry and has expertise in the life & pension business, general insurance, reinsurance and asset management. He also holds directorship positions on a number of companies in various sectors of the economy. He is a member of the investment committee of SWAN. He is also the Chairperson of CDS.



reedhee bhuttoo

Reedhee Bhuttoo, Non-Executive Director, is an Associate member of the Chartered Institute of Securities and Investments (UK). She also holds an Advanced Professional Diploma in Marketing from The Chartered Institute of Marketing (UK) and a Degree (Hons) in Economics from the M.S University of Baroda, Gujrat, India. She is currently the Head of SBM Securities Ltd, member of the SBM Group of companies. She is also currently a Non-Executive Director of the CDS.  She was the President of the Port Louis Stockbroking Association.



Dipak Chummun

Dipak Chummun, Non-Executive Director, is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW) and holds a degree in computer science from the University of Manchester. He is the Group CFO of IBL Ltd and is a Director of Mauritian Eagle Insurance Company Limited, both listed on the SEM. He is Director of DTOS, Manser Saxon, CNOI, Seafood Hub, Princes Tuna, Winhold, Bloomage and a number of companies within the IBL group as well as a Director of the Mauritius Renewable Energy Agency (MARENA). An experienced international banking professional, Mr Chummun has for two decades held a number of senior positions with Standard Chartered, Barclays, EmiratesNBD and Deutsche Bank in London, Dubai, Singapore and Frankfurt and has previously served as an International Advisory Board member of ICAEW in London.




André Chung Shui, Non-Executive Director, member of the Strategic Committee and   Chairman of the Investment Committee, holds a degree from the London School of Economics and is a Fellow of the Institute of Chartered Accountants in England & Wales. He trained to qualify as a Chartered Accountant with KPMG in London. He was previously a Senior Executive of the Happy World Group. André held the position of Managing Director of Mauritian Eagle Insurance Co Ltd from 2011-2014. During that period, he was a Vice President and subsequently President of the Insurers' Association of Mauritius. He is currently an Executive Director at LCF Securities Ltd, a licensed investment dealer. He is  also a fellow of the Mauritius Institute of Directors. He is a Non-Executive Director of the CDS and chairs the Audit and Risk Committee.


Dev Kumar Gopy, Non-Executive Director, holds a D.E.A in Finance and a Maîtrise in Financial Management from L’ Institut D’Administration Des Entreprises of University of Montpellier II, France. He currently occupies the position of Chief Investment Officer at the State Insurance Company of Mauritius Ltd. He is also a Director of the SICOM Financial Services Ltd, Cyber Properties Investments Ltd.

kevin rangasami

Shivraj (Kevin) Rangasami, Non-Executive Director, is a Fellow of the Association of Chartered Certified Accountants, UK. He reckons more than 15 years of experience in the financial services industry and has spent the last 10 years in the Capital Markets and Securities sectors in a senior management role.   He is currently the Managing Director of MCB Stockbrokers Ltd and is also a Non-Executive Director of the CDS.

Manvendra (Sherry) SINGH

Manvendra (Sherry) Singh is the Chief Executive Officer of Mauritius Telecom since February 2015. He is an ICT and Marketing professional with a long career in Telecommunications and Marketing in the private sector, namely as the Marketing and Customer Service Manager in a well-established Mauritian telecom company. Mr Manvendra Singh also gained expertise from leading international companies such as Vodafone UK, Tele2 Sweden, Celltel Sri Lanka and Mobitel Cambodia.


In 2003, Mr Manvendra Singh started his own business and specialised in marketing and telecommunications services. He also held the position of Senior Advisor to the Vice Prime Minister and Minister of Finance & Economic Development from July 2010 to July 2011. During the same period he was a board member of the State Investment Corporation, the Mauritius Duty Free Paradise and the State Land Development Company.