The Directory Of Financial Institutions 2022 : AfrAsia Bank Limited

Leadership team

Thierry Vallet
Interim CEO

Executive Director
Jennifer Jean-Louis

Management Team

Kristy Ballah
Dave Dusoruth
Loteswar Fangoo
Colin Grieve
Atish Gungadur
Nicolas Hardy
Suneeta Motala
Suruj Nawosah
Alvin Peerthy
Dwejendranath
Ramanah

Headquartered in the Mauritius International Financial Centre, with distinct expertise and ability to serve clients in more than 160 countries, AfrAsia Bank bridges Africa, Asia, Europe and the World. The Bank develops banking solutions geared in four core divisions:

• Corporate Banking
• Global Business Banking
• Private Banking & Wealth Management
• Treasury & Markets

In addition to its anchor Mauritian shareholder, IBL Ltd – the largest conglomerate in the country – strong strategic partners include National Bank of Canada, one of the six systemically important banks in Canada, and Intrasia Group. AfrAsia Bank’s core banking and transactional capabilities are also established in the South Africa jurisdiction via its representative office in Johannesburg.

Corporate Banking

Corporate Banking offers a comprehensive range of innovative short-term and long-term funding solutions which include: • Working capital facilities • Trade finance • Revolving loans • Term loans • Project finance • Leveraged finance • Commercial property finance.

AfrAsia Bank also participates in cross-border syndicated loans with international banks covering a range of markets and industries. The Bank offers cash management services, including multi- currency deposits, and covers a wide spectrum
of other services such as mergers and acquisitions, restructuring, strategic advice, and specialised finance.

Treasury & Markets

Through its Treasury & Markets arm, AfrAsia Bank assists in treasury capabilities for corporates and individuals including:

• Foreign exchange (FX) spots, forwards, swaps, options and other derivatives
• Foreign currency accounts in all major currencies and selective African & Exotic currencies
• Fixed deposits at very attractive interest rates
• Trading of Mauritius Government Securities
• International payments via a reliable network of correspondent banks

Private Banking & Wealth Management

AfrAsia Bank provides a bespoke offer to both high-net-worth residents and non-residents and offers its clients the resulting benefits of its efficient, prompt and global reach. Since inception, AfrAsia Bank has bagged several awards from prestigious magazines including Euromoney, The Banker, African Banker and EMEA Finance.

• The range of differentiated products and services includes:
• Dedicated Relationship Managers with one point
  of contact
• Enhanced Savings & Deposit Packages in many currencies
• Flexible Loan Solutions available in multiple
  currencies
• Secured Internet Banking
• Tailored investment solutions
• AfrAsia World MasterCard credit card and AfrAsia Platinum Visa prepaid card, available in MUR, USD and EUR
• Pioneering rewards programme, XtraMiles, linked to 800 airlines and 200,000 hotels worldwide
• Global Custody Services providing a single point access to the world’s financial markets
• Custom-made structured products on foreign exchange, equity and commodities
• Margin Lending

Global Business Banking

With customers on all continents, AfrAsia Bank has the ability to provide its clients with innovative products and services, and is serving the international corporate, asset management, and private banking markets, while using Mauritius as an International Financial Centre. The Bank has regional and international cross-border capabilities to deliver tailor-made solutions with tangible benefits in an environment of trust. The Bank is also a partner in helping private and corporate clients benefit from Mauritius’ network of Double Taxation Agreements (DTAs) and its membership to SADC and COMESA.Global Business Banking Solutions includes:

Transactional and payment services, bulk payments

• Cash and liquidity management, placement and FX solutions

• Global Custody services & Brokerage

• Escrow services

• Free, secured and fully transactional Internet banking with SWIFT copies available online

• FCY Credit Cards & Prepaid Cards • Debt Service Reserve Account

Accolades

2022

• Best Bank in Mauritius (Global Finance)

• Best Private Bank of the Year Mauritius (International Banker)

• Best Private Bank in Mauritius (The Digital Banker/ Global Private Banker)

2021

• Best Private Bank in Mauritius (The Digital Banker/ Global Private Banker

• Best Banking & Custody Provider – Global Custodian (AGF Africa Service Provider Awards)

• Best Bank in Mauritius and Best Private Bank in Mauritius (EMEA Finance)

• Best Private Bank for Sustainable Investing in Africa (Global Finance)

2020

• Best Private Bank in Mauritius (PWM/The Banker)

• Best Banking & Custody Provider – Global Custodian (AGF Africa Service Provider Awards)

• Best Bank in Mauritius (EMEA Finance)

• Best Integrated Report – Financial Institutions
(PwC Mauritius – Corporate Reporting Awards)

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Contact information

Bowen Square 10, Dr Ferrière Street Port-Louis – Mauritius
Tel : (230) 208 5500
Fax : (230) 213 8850
afrasia@nullafrasiabank.com
www.afrasiabank.com