Board of Directors


The Board may comprise of a minimum of 4 Directors and a maximum of 12 Directors. A quorum of 4 Directors is required for Board Meetings. Directors are re-elected to office at each Annual General Meeting of the Company.

Marc-Emmanuel VIVES (Chairman & Non-Executive Director)

Mr. Vives has been the Chief Executive Officer of CIEL Finance Limited since September 2014, bringing with him more than 25 years of experience at Société Générale. After initial steps within the General Inspection of the Group, he spent the next 18 years of his career in various assignments in emerging countries, first in Argentina as Commercial Director, then as Chairman and CEO of Société Générale Argentina. He moved then to Russia as CEO of Société Générale Vostok, before becoming First Deputy Chairman of Rosbank, and finally to India as Country Manager. He holds a Master’s Degree in Business Administration from HEC Business School France, as well as a degree in History from Sorbonne University in Paris.

Stéphane HENRY (Executive Director)

Mr. Henry has more than 20 years of investment management experience, with the last 10 years as group CEO of Investment Professionals Ltd (‘IPRO’). IPRO has over USD 200million of assets under its management, with offices in Mauritius and Botswana and a focus on listed equity and fixed income investments in Africa. Mr. Henry holds a Master II degree in Wealth Management from the University of Clermont-Ferrand, France.

Christine SAUZIER (Non-Executive Director)

Mrs. Sauzier is the Head of Legal of CIEL Group. She is an Attorney-at-Law, holds an LLB (Hons) from the University of Mauritius and a Licence en droit privé from the Faculté des Sciences Juridiques, Université de Rennes, France. She advises the Board on compliance, deal structuring and shareholder matters, while also liaising with international and local lawyers in drafting, reviewing and negotiating commercial contracts and other legal documents. She has also been instrumental in dealings with the regulators like Bank of Mauritius, Financial Services Commission and with the Stock Exchange of Mauritius. Mrs. Sauzier has been involved in various Mergers & Acquisitions transactions for the Group with exposure to diverse industries like Banking, Hotels, Property, Healthcare, Private Equity, Textile, Agro Business and Fiduciary. She has also been involved in cross border deals in various countries notably in Sub-Saharan Africa, Indian Ocean and Asia.

Khushhal KHUSHIRAM (Non-Executive Director)

Mr Khushiram holds an M.A in Economics from the University of Delhi and the University of Western Ontario, Canada. He has over 25 years of experience in the financial services Industry. In September 2000, he was elected as a Member of Parliament and appointed as Minister of Economic Development and Financial Services. In this capacity, he led a wide-ranging program of economic and financial reforms, established new legal and institutional frameworks for the non-bank financial sector, financial reporting and corporate governance, and anti-money laundering, and set up the Financial Services Commission, the Financial Reporting Council and the Financial Intelligence Unit. He also worked for the African Development Bank. Mr Khushiram currently acts as Economic and Financial Consultant for private and corporate clients.

Philippe KOCH (Non-Executive Director)

Philippe Koch joined IPRO Fund Management Ltd in August 2013 as Head of Fund Management. Philippe has over 18 years of experience in the financial services Industry. He spent his career mostly at international banks such as Standard Chartered, JP Morgan and Deutsche Bank both in Germany and Mauritius. Philippe holds the CFA charter and the FRM designation. He further holds a Master Degree in Business Administration from the University of Applied Sciences, Essen (Germany). At IPRO, Philippe manages pan-African equity and fixed income strategies and has also managed local portfolios investing into Mauritian equities. In 2019, he set up Miltenberg Capital Ltd as a spin-off of the African investment strategies currently managed by IPRO.

James LEUNG YIN KOW (Independent Director)

Mr. James Leung was appointed as Director on 7 November 2012. He holds a Master of Arts in Economics from York University (Canada) and is also a CFA Charter holder since 2000. He was a member of a task team subcommittee for the Code of Corporate Governance (2004). Mr. Leung has 13 years’ experience as Fund Manager and 3 years’ experience as Stockbroker. He is currently Managing Director of Skanda Business Consultants Ltd which provides corporate advisory services.

Imrith RAMTOHUL (Independent Director)

Mr. Ramtohul was appointed as Director on 12 February 2013. He graduated with honours from the University of Cape Town, with a Bachelor of Business Science degree. He holds the Chartered Financial Analyst designation, has earned the right to use the Certificate in Investment Performance Measurement™ (CIPM) designation and is a Fellow of the Association of Chartered Certified Accountants UK (FCCA). Mr Ramtohul is the Senior Investment Consultant at Aon Hewitt Ltd (Mauritius), a position he has held since 2012. Prior to Aon Hewitt, he was the Head of Investment at Mauritius Union Group. He has 20 years of financial industry experience.

Haadjra MOTALA (Independent Director)

Ms Motala is an Affiliate of the Association of Chartered Certified Accountants UK. She has worked at Investment Professionals Ltd (“IPRO”) as a Fund and Corporate Accountant from 2011 and 2015. Ms Motala currently acts as Finance Manager at Capital Drilling (Mauritius) Ltd.

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