confidence - Investing In Africa

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Board of Directors124board of directorsReddy, Muni Krishna T., G.O.S.K., Age 59Chairman.Mr Reddy has a masters degree in extension educationwith over 35 years of experience in financial services.He was the Chief Executive of the State Bank of Mauritius(SBM) Group for 16 years until October 2003 when hewas elected Chairman of SBM. Prior to joining SBM,Mr Reddy worked in the banking sector in India andSingapore for 17 years. Mr Reddy is currently Chairmanof the SBM Group of companies and Chairman anddirector of various Corporate Governance committeesand boards of large listed companies both inMauritius and outside Mauritius, including AirMauritius Ltd; Mittal Steel Company L.V.,Rotterdam; Mittal Steel USA ING Inc and Vice Chairmanof Global Financial Services Plc. Malta.Mr Reddy was conferred with the title Grand Officer ofthe Star and Key of the Indian Ocean (G.O.S.K.) by theGovernment of the Republic of Mauritius for distinguishedservices in the banking industry and for significantcontribution to the economic development of Mauritiuscoinciding with the first anniversary of the Republic ofMauritius in 1993.Ganoo, Harry., G.O.S.K, BA (Hons). Age 58.Secretary to Cabinet and Head of Civil Service. Chairman of MauritiusBroadcasting Corporation Ltd and Mauritius Oceanography Institute.Gunness, Chaitlall, F.C.C.A., Age 53.Chief Executive of SBMHas 28 years work experience with 25 years in the Bank at seniormanagement level. Was in Inspection, Retail Banking, Corporate Banking,International Banking and Administrative divisions. Was also the ChiefOperating Officer.
Board of DirectorsHarel, Antoine L., B.A (Hons), F.C.A., Age 48.Chairman of Harel Mallac & Co Ltd; Mauritius Chemical & Fertilizer Industry Ltd;Director of Automatic Systems Ltd; Cie des Magasins Populaires Ltée; Harel Mallac& Co Ltd ; The Mount Sugar Estates Co Ltd; United Docks Ltd.Laubscher, Richard Charles Montague, Age 54.Former Chief Executive Officer of Nedbank. Company Director.Mohamedbhai, Goolamhussen, T G, G.O.S.K., BSc PhD CEng MICE FIEM MASCEAge 60.Prof Mohamedbhai is currently the President of the International Association ofUniversities, Vice-Chairman of the Human Resource Development Council andChairman of the Scientific Regional Committee for Africa of the UNESCO GlobalForum on Higher Education, Research and Knowledge. Former Vice-Chancellor ofthe University of Mauritius. Prof. Mohamedbhai has also served as Chairman andmember of national boards/councils.Nakhuda, Ayub Hussein., C.S.K, B.A, Age 62Former Financial Secretary Ministry of Finance. Director of Air Mauritius Ltd.Ng Thow Hing, Mary. C.A.,A.C.I.S., Age 51Former Chief Financial Officer of SBM Ltd. Prior to appointment as Chief FinancialOfficer she worked in Corporate, Retail and International Banking. Has 27 yearsexperience with 22 years at management level in Accounting, Finance andBanking in U.K, Canada, Bermuda and Mauritius.Parianen, Soopaya, B.A Hons (Economics), Age 52Mr Parianen has 28 years experience in Banking, 21 years with SBM at SeniorManagement level, having been successively Group Divisional Leader CorporateBanking, Group Divisional Leader Retail Banking and Group Divisional Leader forCredit Management Support Services and is presently Chief Operating Officer.125Poncini, André José, G.O.S.K, Age 77Chairman of Poncini Group of Companies. Director on the Board of NationalInvestment Trust; Council and Senate of University of Mauritius.Rossouw, Rocco. B.Com., Age 57Former Head of International Division of Nedbank, South Africa. Has 40 yearsexperience in the Banking Industry. He held numerous executive positions withStandard Bank and was Managing Director of Stanbic Africa and Managing Directorof Nedbank International. Presently the Chief Executive of Quanta Financial SolutionProviders (Pty) Ltd.
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embracing change with confidencecon
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Corporate ProfileSBM Group offers a
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key financial indicatorsRestated*20
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Caution regardingforward-looking st
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confidence to move with the times
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Directors’ Report to the Sharehol
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Statement of Management’s Respons
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Report of the Auditors to the Share
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Financial StatementsBalance Sheets
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Financial StatementsStatements of I
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Financial StatementsCash Flow State
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Financial StatementsNotes to the Ac
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