Who we are

Board of Directors

The Board of Directors of MUA Ltd (the Board) endorses the Code of Corporate Governance for Mauritius issued by the National Committee on Corporate Governance.

The Board advocates the conduct of business practices that display characteristics of good corporate governance, namely discipline, transparency, independence, accountability, fairness and social responsibility.

The directors further confirm that the Company has striven to comply, in all material respects, with the principles of the Code and has provided the necessary explanations where  appropriate.


Our Directors

Dominique GALEA

Chairman, Non-Executive Director

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Appointed: June 2010. Qualifications: HEC Paris (France). Skills & experience: • Started in the clothing industry by setting up a buying office for overseas buyers (Kasa ...

Appointed: June 2010.

Qualifications: HEC Paris (France).

Skills & experience:

• Started in the clothing industry by setting up a buying office for overseas buyers (Kasa Textile Ltd).

• Then diversified activities by acquiring controlling stakes in Ducray Lenoir Ltd in 1988, and in Rey & Lenferna Ltd in 1998.

Board Committee memberships: Corporate Governance, Nomination and Remuneration Committee; Risk Committee; Assets and Liabilities Committee.

Directorship in other listed companies: Director of Ascensia Ltd and Chairman of Forges Tardieu Ltd and United Docks Ltd.

Bertrand CASTERES

Executive Director and Group CEO

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Citizen and Resident of Mauritius Appointed: May 2014. Qualifications: Master’s degree in applied mathematics, actuarial science and finance and Executive MBA from HEC Paris ...

Citizen and Resident of Mauritius

Appointed: May 2014.

Qualifications: Master’s degree in applied mathematics, actuarial science and finance and Executive MBA from HEC Paris (France).

Skills & experience:

• Worked in the internal audit department of Aviva Europe as audit senior manager in the financial management and actuarial audit department, conducting internal audit reviews in actuarial processes across Aviva’s European subsidiaries.

• Involved in the implementation of Solvency II EU Directive within the Aviva Group.

• Joined MUA Group in January 2012 as head of internal audit and was appointed CEO in 2015.

Board Committee memberships: Assets and Liabilities Committee.

Directorship in other listed companies: none.

Vincent AH CHUEN

Non-Executive Director

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Citizen and Resident of Mauritius Appointed: January 1992. Skills & experience: • Managing Director of ABC Group of Companies. • Played a key role in the development ...

Citizen and Resident of Mauritius

Appointed: January 1992.

Skills & experience:

• Managing Director of ABC Group of Companies.

• Played a key role in the development and diversification of the ABC Group of Companies, whilst having overall responsibility over its Shipping & Logistics cluster.

• Actively involved in various socio-cultural and non-profit associations.

Board Committee memberships: Corporate Governance, Nomination and Remuneration Committee.

Directorship in other listed companies: Chairman of P.O.L.I.C.Y Ltd and of ABC Motors Co Ltd. 

Alfred BOUCKAERT

Independent Non-Executive Director

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Citizen and Resident of Belgium Appointed: December 2013. Qualifications: Bachelor degree from the University of Louvain (Belgium). Skills & experience: • Served as ...

Citizen and Resident of Belgium

Appointed: December 2013.

Qualifications: Bachelor degree from the University of Louvain (Belgium).

Skills & experience:

• Served as General Manager at Crédit Lyonnais Europe and, before its acquisition, at Chase Manhattan Bank.

• Worked at AXA where he was CEO of Axa Belgium, Germany, Switzerland (with the acquisition of Winterthur), Ukraine and Russia and a member of the main Management Board.

• Past President of the Board at Belfius Bank and Insurance.

• Currently holds various positions in several boards of non-listed and listed companies outside Mauritius.

Board Committee memberships: Risk Committee (Chairperson); Assets and Liabilities Committee (Chairperson).

Directorship in other listed companies: none in Mauritius

Bruno de FROBERVILLE

Non-Executive Director

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Citizen and Resident of Mauritius Appointed: August 2010. Qualifications: MBA from the University of Birmingham (UK), a Bachelor in Science with a Major in Marketing from Louisiana State ...

Citizen and Resident of Mauritius

Appointed: August 2010.

Qualifications: MBA from the University of Birmingham (UK), a Bachelor in Science with a Major in Marketing from Louisiana State University (USA).

Skills & experience:

• Experienced professional in the property and building sector.

• General Manager and owner of Square Lines Ltd, a property development company.

Board Committee memberships: Audit Committee; Assets and Liabilities Committee.

Directorship in other listed companies: Director of Mauritius Freeport Development Ltd.

Melanie FAUGIER

Non-Executive Director

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Citizen and Resident of Mauritius Appointed: July 2010. Qualifications: DEUG in economics from University of Paris  I - Panthéon Sorbonne (France) and an MSc in Management from ...

Citizen and Resident of Mauritius

Appointed: July 2010.

Qualifications: DEUG in economics from University of Paris  I - Panthéon Sorbonne (France) and an MSc in Management from EM Lyon School of Management (France).

Skills & experience:

• Started her career as the trading manager of Thon des Mascareignes Ltee (IBL Group).

• Held additional posts at Schlumberger Oilfield Services in Equatorial Guinea and Association Solidari’terre in Madagascar.

• In 2012, she co-founded Senior Homes Ltd, the leading company in Assisted living in Mauritius.

• Owner and Managing Director of Cottons Trading Ltd. Board Committee memberships: Audit Committee; Corporate Governance, Nomination and Remuneration Committee.

Directorship in other listed companies: none. 

Angelo LETIMIER

Independent Non-Executive Director

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Citizen and Resident of Mauritius Appointed: May 2014. Qualifications: Various professional and executive qualifications Skills & experience: • An experienced banking ...

Citizen and Resident of Mauritius

Appointed: May 2014.

Qualifications: Various professional and executive qualifications

Skills & experience:

• An experienced banking executive with international experience.

• Dedicated a large portion of his career to MCB Ltd from 1966 to 1992 and again from 2005 to date. In 1988 he was responsible for establishing the first Credit Card Program in Mauritius, and opened the bank’s Representative Office in Paris in 1990.

• In 1992, he joined MasterCard International Inc. as Senior Vice President and General Manager Middle East & Africa Region, based in Paris for 8 years.

• On his return to Mauritius he launched the first non-bank Credit Card operations for Rogers, now operating under the CIM Group.

• He was the General Manager of Cirne Financial Services (now IPRO) from 2002 to 2004.

• In 2008, he created ICPS Ltd (International Card Processing Services Ltd), a subsidiary of the MCB Group.

Board Committee memberships: Audit Committee.

Directorship in other listed companies: none.

Catherine MCILRAITH

Independent Non-Executive Director

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Citizen and Resident of Mauritius Appointed: October 2017. Qualifications: Bachelor of Accountancy degree from the University of the Witwatersrand (Johannesburg, South Africa); member of ...

Citizen and Resident of Mauritius

Appointed: October 2017.

Qualifications: Bachelor of Accountancy degree from the University of the Witwatersrand (Johannesburg, South Africa); member of the South African Institute of Chartered Accountants since 1992, Fellow member of the Mauritius Institute of Directors.

Skills & experience:

• Started her career at Ernst & Young before joining the Investment Banking industry, holding senior positions in corporate and specialised finance for Ridge Corporate Finance, BoE NatWest and BoE Merchant Bank in Johannesburg.

• Returning to Mauritius in 2004, she joined Investec Bank as Head of Banking until 2010.

• Fellow Member of the Mauritius Institute of Directors (“MIoD”). She served as a Director for 5 years and as its Chairperson for 2 years from 2014 to 2016.

• Served as an Independent Non-Executive Director and as a member of various committees of a number of public and private companies.

Board Committee memberships: Audit Committee; Corporate Governance, Nomination and Remuneration Committee (Chairperson).

Directorship in other listed companies in Mauritius, United Kingdom and South Africa: Director of Astoria Limited, CIEL Limited, Grit Real Estate Income Group Limited and Les Gaz Industriels Limited.

Ashraf MUSBALLY

Executive Director and CEO Kenya & East Africa

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Citizen of Mauritius and Resident of Kenya Appointed: April 2016. Qualifications: BSc City University (London, UK), MBA Imperial College (London, UK) , Fellow of the Chartered Insurance ...

Citizen of Mauritius and Resident of Kenya

Appointed: April 2016.

Qualifications: BSc City University (London, UK), MBA Imperial College (London, UK) , Fellow of the Chartered Insurance Institute (FCII).

Skills & experience:

• Started his career as Management Consultant at Kemp Chatteris Deloitte & Touche.

• Joined MUA Life (formerly known as La Prudence (Mauricienne) Assurances Ltée) in 1997 to manage and develop its health insurance department. In 2004 he was appointed Chief Operations Officer (General Insurance), then took responsibility of the General Insurance Underwriting Department at MUACL before becoming Head of General Insurance.

• He retained this post after the company’s merger with The Mauritius Union Assurance Cy Ltd in 2010. In 2012 he took the responsibility of the General Insurance Underwriting Department. He was promoted to Head of the General Insurance in 2014.

• Appointed CEO Kenya and East Africa in 2016.

Board Committee memberships: Assets and Liabilities Committee.

Directorship in other listed companies: none. 

Mushtaq OOSMAN

Independent Non-Executive Director

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Citizen and Resident of Mauritius Appointed: April 2016. Qualifications: Chartered Accountant, fellow of the Institute of Chartered Accountants in England and Wales. Skills & ...

Citizen and Resident of Mauritius

Appointed: April 2016.

Qualifications: Chartered Accountant, fellow of the Institute of Chartered Accountants in England and Wales.

Skills & experience:

• Over 25 years professional experience in audit and financial advice, with a diversified portfolio of clients in sectors such as banking, insurance, manufacturing, sugar companies, the hospitality industry, betting operator, textiles and trading.

• Joined Roger de Chazal & Partners (founders of Price Waterhouse in 1988 in Mauritius), serving as a partner from 1991 until his retirement in 2015. Primarily an Assurance Partner, he was also responsible for Business Recovery Services as well as the Chief Operating Partner for Mauritius.

Board Committee memberships: Audit Committee (Chairperson); Risk Committee.

Directorship in other listed companies: Director of ENL Land Ltd, Automatic Systems Ltd, Forges Tardieu Ltd and United Docks Ltd.

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