Dipak Chummun, the Chairman of SEM, 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 also 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 Member of the Economic Development Board and the National Committee for Corporate Governance. 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.
About Us
Board of Directors
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 of its Corporate Governance Committee and Strategic 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 for many years 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.
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.
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 Capital Markets Ltd regrouping the Investment Banking, Stockbroking, Fund Management and Registry Services within the SBM Group of Companies. She is also a Non-Executive Director of the CDS. She was the President of the Port Louis Stockbroking Association.
Jérôme de Chasteauneuf was appointed Independent Director of the Stock Exchange of Mauritius on 18 December 2020 bringing a wealth of financial and international expertise. He currently serves as the Group Finance Director of CIEL Limited. Since joining CIEL in 1993, Jérôme de Chasteauneuf has been instrumental in the Group’s development and involved on multiple strategic IPOs, international expansion projects, merger and acquisitions and company restructuring. In addition to overseeing the Groups’ financials, he is a Board member of most of the CIEL Group’s subsidiaries including the listed entities Alteo Limited, Sun Limited. He also sits as an independent director on Harel Mallac & Co. Limited’s Board of Directors.
Prior to joining CIEL, Jérôme de Chasteauneuf held senior positions at Price Waterhouse in Jersey and London. He is an Associate member of the Institute of Chartered Accountants in England and Wales and has an undergraduate qualification from the London School of Economics.
André Chung Shui, Non-Executive Director, member of the Strategic Committee and Chairman of the Investment Committee. André holds a degree from the London School of Economics and is a Fellow of the Institute of Chartered Accountants in England & Wales. André held the position of Managing Director of Mauritian Eagle Insurance from 2011-2014. He is currently the CFO, and Finance Director-designate, of Loinette Company Leasing. 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.
Tommy Lo is a fellow of the Institute of Chartered Accountants of England and Wales (ICAEW). He is a founder and director of Intercontinental Trust, a leading Management Company duly licensed by the Financial Services Commission. Tommy has been professionally involved in the financial services sector for over a two decades and has witnessed first-hand the development of this sector over the years.
Tommy is also the director of Capital Market Brokers Ltd which is licensed to operate as an Investment dealer. Of note, is Tommy’s involvement in the setting up of 4 Africa Exchange, an exchange licensed by the South African FSCA operating in South Africa of which he is a director.
Shivraj (Kevin) Rangasami, Non-Executive Director, is a Fellow of the Association of Chartered Certified Accountants, UK and is the former Chairman of the SEM. He reckons more than 20 years of experience in the financial services industry and has spent the last 15 years in the Capital Markets and Securities sectors in a senior management role. He is currently the Managing Director of the Brokerage and Investments Division of MCB Capital Markets Ltd, which is a wholly-owned subsidiary of the MCB Group Ltd and is also a Non-Executive Director of the CDS. He also sits as Director on a few private companies involved in the capital markets industry.
Jaiyansing Shailen Soobah, Non-Executive Director, 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. He is currently Senior Manager at SWAN, holding the positions of Group Company Secretary and Risk Officer. Shailen is a Director of a number of companies at SWAN. He is a Non-Executive Director of the CDS.