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Board of Directors
Mr. Muni Krishna T. Reddy
G.O.S.K., F.S.I.D.
MSc (Agriculture)
Chairman of the Board

Mr Muni Krishna T. Reddy has a master degree with over 40 years of experience in financial services industry. He was the Chief Executive Officer of the State Bank of Mauritius Ltd (SBM) for over 16 years until October 2003 when he was elected as Director and Chairman of the Board of SBM. During his tenure as Chief Executive, SBM was listed on the Mauritian Stock Exchange in 1995, implemented for the first time the bank's automation of its operations and other infrastructure, including SBM tower. SBM also expanded into Madagascar and India. Prior to joining SBM, Mr Reddy has worked in the banking sector in India and Singapore for 17 years. He is a director of various boards of large companies both in Mauritius and outside Mauritius, including Arcelor Mittal Point Lisas Limited (Trinidad), Arcelor Mittal Steel USA Inc (Chicago) and was a director of Mauritius Telecom (Mauritius), Air Mauritius, NEDC, Global Capital PLC (Malta) etc. Mr Reddy was conferred with the title Grand Officer of the Star and Key of the Indian Ocean (G.O.S.K) by the Government of Mauritius coinciding with the first anniversary of the Republic of Mauritius in 1993 for distinguished services in the banking industry and for significant contribution to the economic development of Mauritius.

Mr. Reddy has been, once again, elected as an independent non-executive director on 17 December 2010 and was designated as Chairman of the SBM Group.

Mr. Chandradev Appadoo
Has worked for 28 years in the Bank at various divisions and levels at SBM including Retail, Corporate Banking, Finance, Legal, Compliance, Risk Management, Operations Management and Group Company Secretary. He is currently heading Finance, Value Based Performance Management, Facilities Management and Corporate Affairs of the Bank. He is a non-executive director of the State Insurance Company of Mauritius Ltd, SME Partnership Fund, Club Mediteranée Albion Resorts Ltd and NRF Equity Investment Ltd. He joined the Board of SBM Ltd in December 2011 and is an executive director.
Mr. Dheerendra Kumar Dabee
S.C., G.O.S.K.
LLB (Hons)
Mr Dabee, a Birmingham University graduate in Law and Political Science, Barrister at Law of Middle Temple since 1981 and a Senior Counsel, is currently the Solicitor-General in the Attorney General's Office. He is a director of Air Mauritius Ltd and Mauritius Telecom and acts as Legal Adviser to a number of public organisations. He joined the Board in May 2008 and is a non-executive director.
Mr Dheerendra Kumar Dabee
Mr. Medha Gunputh
BSc (General), Diploma in Public Administration & Management
Mr Gunputh is the Permanent Secretary to the Private Office of the Prime Minister's Office as from January 2015. He has completed a BSc (General) at the University of Punjab, India and a Diploma in Public Administration & Management at the University of Mauritius. He started his career in the Government Service in 1977 and has worked in several Ministries and within the Prime Minister's Office. Mr Gunputh has also acted as Chairman of several Boards such as Sugar Planters Mechanical Pool Corporation, Tobacco Board, Town and Country Planning Board, Farmers' Service Centre and SSR Botanical Garden. He is also a member of the Board of Tourism Authority and Mahatma Gandhi Institute. He joined the Board in February 2015 and is a non-executive director.
Mr Medha Gunputh
Mr. Aakash Krishan Kalachand
BSC (Hons) Accounting and Finance , ACA
Mr. Aakash Krishan Kalachand is a graduate in Accounting and Finance from the London School of Economics, and qualified as a Chartered Accountant since 2010. He is currently Executive Director of J. Kalachand & Co. Ltd. Mr. Kalachand has also worked in the investment team at a Private Equity Firm in London for 2 years till 2013 and was a Senior Consultant at Deloitte LLP, London where he worked for 4 years. He joined the Board in June 2014 and is an independent non-executive director.
Mr. Aakash Kalachand
Dr. Jameel Khadaroo
BEc (Macquarie), MSc, PhD (Bristol)
Dr. Jameel Khadaroo is currently an Associate Professor of Economics at the University of Mauritius and was formerly Head of the Department of Economics and Statistics from 2010 to 2012. He was the Second Deputy Governor and Monetary Policy Committee Member of the Bank of Mauritius from 2007 to 2010. From 2008 to 2011, he was also a member on the Board of Afrexim Bank. Dr. Khadaroo has widely published in international refereed journals and his consultancy services have been extended to the World Bank, Commonwealth Secretariat, UNDP, Government of Mauritius and banks. He joined the Board in February 2015 and is an independent non-executive director.
Dr Jameel Khadaroo
Mr. Joël Rault

Mr Rault is an international taxation expert and partner at Nexia Baker and Arenson, Chartered Accountants. He holds a Master's Degree in Private Law (Maritime and Transportation Law) as well as a Master's Degree in Business Law (International Taxation) from France. He additionally holds an MBA. Furthermore, he forms part of the Emerging Leaders of the Harvard Kennedy School.

Mr Rault was a Lecturer in Business Law and Taxation in various french universities and has held the post of Chairman of the National Corporate Social Responsibility Committee from 2012 to 2014. He was previously the Managing Director of the Tourism Authority. He was also the Senior Advisor to the Vice Prime Minister and Minister of Finance and Economic Development and held key positions in various ministries, including the Ministry of Finance and Economic Development. He joined the Board in February 2015 and is an independent non-executive director.

Mr Joël Rault
Mr. Alfred Joseph Gerard Robert Alain Rey
BSC (Hons) Economics, ACA
Mr Rey is a graduate in Economics from the London School of Economics and qualified as a Chartered Accountant in 1985. He is currently Project Director as well as a director of various companies. Mr Rey has wide financial experience having served as Chief Financial Officer of a NASDAQ listed company as well as Regional Corporate Director of a leading bank in Mauritius. He joined the Board in December 2009 and is an independent non-executive director.
Mr. Jairaj Sonoo
Masters in Business Administration (MBA)
Chief Executive - Banking (Indian Ocean Islands)
Mr. Sonoo has joined SBM on 14 September 2012 as Chief Executive - Banking (Indian Ocean Islands). He has 34 years experience in banking and has previously spent more than 31 years at SBM in various positions amongst which Executive Vice-President (Indian Operations) before heading the Retail Banking Division. He resigned from the Bank in February 2010 to take up the position of Chief Executive of one of the local commercial banks. Mr Sonoo is an executive director.
Mr. Régis Yat Sin
C.S.K., G.O.S.K.
BA (Hons)
Mr Yat Sin, C.S.K, former senior civil servant, held the position of Secretary of the Cabinet and Head of Civil Service. He was also Chairman of the Public Service Commission and the Disciplined Forces Service Commission from 2005 to August 2011. He served on various boards, including Bank of Mauritius, Air Mauritius, Development Bank of Mauritius and Airports of Mauritius. He has been the Chairman of the Board of SBM from December 1996 to December 1999. He joined the Board of SBM again in December 2011 and is an independent non-executive director.
Board of Directors | SBM
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