AfrAsia Bank
AfrAsia Bank Limited
| Type |
Private Company |
| Industry |
Financial Services |
| Founded |
2007 |
| Headquarters |
Bowen Square, 10, Dr Ferriere Street, Port Louis, Mauritius |
| Key people |
Arnaud Lagesse [Chairman], James Benoit [CEO] |
| Products |
Corporate and Investment Banking, Private Banking and Wealth Management, International Banking, Treasury |
| Divisions |
Cape Town, Johannesburg, Durban |
| Subsidiaries |
AfrAsia Corporate Finance |
| Website |
www.afrasiabank.com |
Launched on October 2, 2007 and headquartered in the Mauritius International Financial Services Centre, AfrAsia Bank Ltd is a boutique bank that offers a comprehensive range of financial solutions focusing on:
With their anchor Mauritian shareholder, Groupe Mon Loisir, other regional strategic partners, including Dale Capital Group of South Africa, Intrasia Capital of Singapore and PROPARCO (subsidiary of French Development Agency), and a passionate team of experienced bankers, AfrAsia Bank has international cross-border capabilities to deliver tailor-made solutions with tangible benefits, all in an environment of trust.
Mission Statement
AfrAsia Bank aims to be the reference point for Corporate & Investment Banking, Private Banking and Global Business Solutions linking Mauritius and the Africa-Asia trade corridor by being closer to those markets.
AfrAsia Bank-The Bridge to Africa & Asia
AfrAsia Bank serves Mauritius and the dynamic Africa – Asia trade and investment corridor, in which Mauritius plays a vital role as a regional financial and logistics hub.
With their Foreign Institutional Investor (FII) License in India, their Corporate Finance House (AfrAsia Corporate Finance) and three representative offices in South Africa, their stake in AXYS Capital Management and two international shareholders facilitating their regional growth, they are delivering on our promise to be a truly one-stop boutique regional bank that links these two continents together seamlessly.
Key Values
- Disruptive Banking
- Privileged Relationships
- Genuineness
- Passionate Partners
- “Can-Do” Attitude
Awards & Recognition
- '2011 : Best Private Bank in Mauritius (Awarded by Euromoney)
- '2010 : Quality Recognition (Citibank) for achieving high Straight Through Processing rate for payments and transfers
- '2008 : Most Innovative Bank in Mauritius (Awarded by World Finance)
Key Achievements (2007-2011)
- Launch of AfrAsia Bank targeting Private, Corporate & International clients
- Launch of AfrAsia Investments Limited (Our Subsidiary) – Investment dealer license obtained from FSC
- Launch of capital protected foreign currency and rupee structured investment products in association with JPMorgan and ACMS
- Launch of first Titanium MasterCard Credit Card with benefits in both Mauritius & South Africa
- Most Innovative Bank in Mauritius 2008 – Awarded by World Finance (UK)
- New strategic international shareholder on board & capital injection, from Trinity Financial Group – South Africa, now known as Dale Capital Partners
- New strategic international shareholder on board & capital injection, from Intrasia Capital – Singapore
- Business mission – Accompanied Mauritius Board of Investment delegation to Asia, Europe and Africa
- Authorised by Bank of Mauritius as Primary Dealer in Mauritian Government Securities
- First local bank to venture into Foreign Institutional Investor (FII) license for India business
- First bank in Mauritius to launch a credit card mileage program – In partnership with British Airways
- Regional Forum organised with Eco Austral in Reunion Island
- Acquisition of 50% of AXYS Capital Management
- Acquisition of 37.5% of Trinity Corporate Finance and rebranded as AfrAsia Corporate Finance
- Seminar organised on African Investment Opportunities
- Sponsorship of the Mauritius Golf Masters International Tournament
- Launch of new representative office in Durban
- Awarded “Best Private Bank in Mauritius” – Euromoney Awards
- Launch of ACM India Focus Fund – First open-ended retail find dedicated to Indian Capital Markets
- Key player at the China-SADC Investment Forum in Johannesburg, South Africa
- Launch of AfrAsia Global Custody services in association with ABN AMRO Bank
External links