Biographies of Guest Speakers and Facilitators - MCB Capital Markets

Michael Naameh
Director & Chief Investment
Officer,
Crown Agents
Investment Management
Marc Lagesse
Chief Executive Officer
MCB Capital Markets
Biographies of Guest Speakers
and Facilitators
Michael Naameh is Director & Chief Investment Officer of Crown Agents
Investment Management (CAIM). He has almost 30 years of experience
in economic analysis and international investment management. He is
responsible for institutional fund management focusing on central bank
reserves, government funds and pension and social security funds and chairs
the CAIM Investment Advisory Panel. He is also a director of Crown Agents
Bank and MCB Investment Management.
Prior to joining Crown Agents in 1989, Michael was a senior consultant with an
international firm of actuaries. He is co-author of two books on central bank
risk management and reserves management. He has published and presented
numerous articles and policy papers on financial sector development and
pension topics for various government institutions, regional organisations,
the World Bank-sponsored Small States Forum and Commonwealth Finance
Ministers Meetings. For 10 years he led an economic research team that
advised the state-owned Japan Bank for International Cooperation (JBIC) on
country and financial sector risks in parts of Africa and Eastern Europe.
Michael holds an MSc in International Monetary Economics and Econometrics
from the University of London and a BA (Hons) in Business Studies. He is a
member of the Institute of Chartered Financial Analysts (CFA). He is a keen
traveller and cultural explorer and has visited almost 100 countries.
Marc Lagesse is Director & Chief Executive Officer of MCB Capital Markets
– the investment banking arm of the Mauritius Commercial Bank Group.
He also serves as independent director to five Global Business Companies
involved in the investment business.
After graduating from UCL, Marc spent twelve years on the London
International Financial Futures Exchange, the last eight of those as an ownaccount
trader in interest rate derivatives. He returned to Mauritius in 1996
to manage the Mauritius Fund Ltd., a London listed closed-end country
fund. From 1998 to 2006, he was Managing Director of MCB Investment
Management Co. Ltd.
Marc holds a BSc (Honours) in Statistics and Economics from the University
College London (UCL) and an MBA from the London Business School.
He was also a member of the Cabinet-appointed National Committee on
Corporate Governance in Mauritius.

Investment of Pension Fund Assets
J. Gilbert GNANY
Group Chief Strategy Officer
and Advisor to the Board
The Mauritius Commercial
Bank Ltd.
Jeremy Paulson-Ellis
Founders Advisory Board
Genesis Asset Managers
J. Gilbert GNANY is the Chief Strategy Officer and Advisor to the Board
of Directors of the Mauritius Commercial Bank Group. He also serves as
Board member of several companies of the Group including MCB Capital
Markets Ltd. Previously, he had a two-year stint as Senior Advisor on the
World Bank Group’s Executive Board where he was responsible for issues
relating mainly to the IFC and to the private and financial sectors. Prior to
that, he was Chief Economist of the MCB Group and Economic Advisor to
the Minister of Finance.
During his career, Gilbert has been involved in various high-profile boards
and committees. Amongst others, he chaired the Stock Exchange of Mauritius
as well as the Cabinet-appointed Committee on the Modernization and
Democratization of the Stock Exchange. Furthermore, he has been a member
of the Board of Governors of the Mauritius Offshore Business Activities
Authority and of the Steering Committee for the setting up of the Financial
Services Commission. He has also acted several times as Chairperson of the
Statistics Advisory Council. He is currently a member of the IMF Advisory
Group for sub-Saharan Africa.
Gilbert holds a degree in Mathematical Economics and a Master Degree
in Econometrics from the University of Toulouse and a ‘DESS’ in Micro-
Economics/Management from ParisX.
Jeremy Paulson-Ellis was one of the founding directors of the Genesis
Group in January 1989 and was Chairman of the Group from then
until his retirement at the end of June 2009. He was responsible for the
overall direction of the company, while also taking part in new country
development work. Genesis currently manages in excess of US$25bn in
Emerging Markets.
Prior to the formation of the Genesis Group he was Chairman of
the stockbrokers Vickers da Costa Limited (subsequently Citicorp
Scrimgeour Vickers International Ltd) following its takeover by Citicorp
in 1985 until his resignation from the Citicorp Group in June 1988.
His career with Vickers da Costa dated from 1964 when he commenced
work as an analyst covering European stock markets and companies. In
1968 he turned his attention to the expansion of Vickers’ Japanese equity
business, being closely involved with both research and marketing as
well as, for some three years, the management of the Nippon Fund
– the first offshore fund formed to invest in Japan in August 1968. In
1972 he assumed responsibility for all Vickers’ Japanese business and
was concerned with the establishment of the first representative and
then the branch offices in Tokyo. Subsequently he took charge of the
firm’s international operations including Southeast Asia. He was closely
involved in the development and launch of the first country funds for
Korea and Taiwan and the second for Thailand and was a member of the
advisory boards for two of the funds.

Bernard Yen
Actuary & Managing Director
Hewitt LY, Mauritius
Sunil Benimadhu
Chief Executive
Stock Exchange of Mauritius
Bernard Yen is an actuary and the managing director of Hewitt LY Ltd,
an actuarial, benefits and investment consulting firm in Mauritius and
part of Aon Hewitt worldwide.
He has over 25 years’ experience advising pension and provident funds,
multinational companies and international organisations including
15 years spent with Mercer in England and Belgium. He qualified as a
Fellow of the Institute and Faculty of Actuaries (UK) in 1991 and serves
as the African continent’s representative on the Committee of Actuaries
for the United Nations Joint Staff Pension Fund since 2007.
Bernard is also a non-executive director of Caudan Development Ltd,
Promotion and Development Ltd, MCB Capital Partners Ltd and MCB
Fund Managers Ltd.
Sunil Benimadhu is the Chief Executive of the Stock Exchange of Mauritius
(SEM). He has spearheaded the project to enable the SEM join the World
Federation of Exchanges, a key standard-setter in the stock exchange
industry. Sunil has been elected President of the African Securities Exchanges
Association (ASEA) on the 30 th August 2010. He was a member of the
Executive Committee of the South Asian Federation of Exchanges (SAFE),
and the Chairman of the SADC Committee of Stock Exchanges (COSSE).
Sunil is also a regular speaker on emerging markets and on African markets
in international stock exchange conferences.
Before joining the SEM, Sunil worked in the Treasury Department of the
African Development Bank (ADB). He was the General Manager of the
National Mutual Fund Limited in Mauritius and played an instrumental
role in the structuring, marketing and setting up of the National Investment
Trust Limited, one of the largest investment trusts listed on the Exchange.
Sunil Benimadhu holds a MBA 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.

Sudhir Rajkumar
Head of Pension Advisory
Sovereign Investment
Partnerships
World Bank Treasury
Clarence Botha
Actuary
Hewitt LY, Mauritius
Investment of Pension Fund Assets
Sudhir Rajkumar is head of the pension advisory program at the
World Bank Treasury. He leads advisory activities for public pension
funds and other multi-asset class investors seeking to build global
investment operations, and has served as a senior advisor to several
such funds and institutions. During 22 years in global investments,
Mr. Rajkumar has managed various asset portfolios of the World Bank
Group, external clients, and World Bank pension funds; formulated
asset allocation and investment strategy; hired and managed external
investment managers; and led teams originating and executing
private debt and equity transactions as well as corporate finance and
privatization mandates in emerging markets in Asia and Europe (with
the International Finance Corporation).
Mr. Rajkumar holds an MBA from University of Chicago, a M.Sc. in
economics from the London School of Economics, a B.Sc. in engineering
from University of Delhi, and a CFA charter. He serves on the Advisory
Committee on Investments of the Food and Agriculture Organization
of the United Nations, and served on the Investment Committee of the
UN World Food Programme from 2004–10.
Mr. Rajkumar is co-editor of the book Governance and Investment of
Public Pension Assets: A Practitioners’ Perspectives recently published
by the World Bank.
Clarence Botha is an actuary specialising in investment consulting
for institutions. Clarence joined Hewitt LY from Standard Bank CIB
at the end of 2007. Over the past 12 years he has developed specialist
investment knowledge in the development of financial market
modelling and analysis tools and has completed various strategy
and governance projects for retirement fund clients on the African
Continent.
Clarence is a Fellow of the Institute and Faculty of Actuaries (UK) with
specialist qualifications in Derivatives.

Robin Woodall
Senior Equity Manager
Crown Agents Investment
Management
Charlie Nash
Portfolio Risk Analyst
Crown Agents Investment
Management
Robin Woodall has primary responsibility for managing pension
funds at Crown Agents.
He has 25 years experience in fund management. He previously worked
at the Electricity Supply Pension Scheme, one of the largest pension
schemes in the UK where he became head of UK equities before the
Scheme merged in 1996 with Foreign & Colonial Management which
he joined as a director, managing a wide range of funds. During the
following decade F&C increased assets under management from
£25bn to £100bn.
Robin has been a member of the Primary Markets Group of the
London Stock Exchange, a non-executive director of a fully listed plc
and as a founder shareholder, helped to establish a climate change
fund investing in low carbon technology.
He has a degree from Cambridge University, completed investment
management programme at the London Business School and is a
member of the CFA society of the UK.
Charlie Nash is a portfolio risk analyst who works closely with
institutional clients and the directors and fund managers of Crown
Agents Investment Management. She monitors and evaluates various
risk parameters associated with the construction and management of
multi-currency, multi-asset investment portfolios.
She is heavily involved in developing customized asset allocation and
risk measurement spreadsheets linked to external data feeds, such as
Bloomberg, and internal portfolio management systems to improve
efficiency and accurate reporting within the organization. Charlie
is also involved in the analysis of new product structures and client
training and mentoring programmes.

Investment of Pension Fund Assets
Ian McIsaac
Head of Financial Training
Crown Agents
Dean D’Sa
Fund Manager
MCB Capital Markets
Ian McIsaac is Head of Financial Training at Crown Agents and
is responsible for the organisation and delivery of an extensive
range of financial training programmes in both the UK and
overseas. He is a banker by background and began his career
at Grindlays Bank before joining Citibank in London as a Vice
President. He worked in the World Corporation Group and was
responsible for managing the bank’s global relationships for
a portfolio of large multinational clients. Ian then specialised
in property finance and became the finance director and
managing partner of a leading UK property consultancy.
Ian has been designing and delivering training for companies
and financial institutions on a broad range of finance and
strategy issues since 1993. He has specialised in credit and
financial management and has delivered training on open
programmes and bespoke courses for major financial
institutions and corporates. He has also successfully managed
large donor-funded training and institution-building projects
in Eastern Europe and the former Soviet Union.
As well as an experienced classroom instructor, he has a
strong interest in distance learning and has advised e-learning
companies on content and instructional design. He is the author
of several books on credit and financial management. Ian has
worked extensively outside the UK and has delivered training
in Africa, the Middle East, Europe and Asia.
Dean D’Sa has primary responsibility for managing fixed
income and currency portfolios at MCB Capital Markets.
Prior to joining MCB Capital Markets Dean was based in London
for 10 years. Dean’s career started at State Street Global Advisers
where he was responsible for managing USD 2.5 billion of
fixed income and currency portfolios for pension funds, banks,
and insurance companies: He then moved to Crown Agents
Investment Management where he was responsible for reserve
portfolios belonging to African and Caribbean central banks.
Dean is a CFA charter holder and has earned an MSc. in Banking
and International Finance from City University Business
School, a BSc. in Management Science from the University of
Warwick, and the Investment Management Certificate from
the CFA Society UK. Dean has also acted as a mentor under the
MEFMI fellowship program.

Hashim Joomye
Fund Manager
MCB Capital Markets
Hashim Joomye is Fund Manager at MCB Capital Markets and also carries
out research on companies. He was previously employed as Investment
Analyst with the Mauritius Fund Management Co. Ltd., the management
company of The Mauritius Fund Ltd., a closed-end investment Fund listed
on the London Stock Exchange and the Stock Exchange of Mauritius.
Prior to that, he spent three years working for a London firm of
Chartered Accountants before joining BDO Stoy Hayward. He holds a
Masters Degree in Investment Analysis from the University of Stirling
in Scotland after having qualified as a Chartered Certified Accountant.

Mauritius 2011