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People & responsibility

Experience.
With accountability.

Board oversight, investment management and investment advice—distinct roles within a common framework.

The governance framework

Governance
with a premium.

The Board oversees the Company’s direction and governance. The Investment Manager and Investment Adviser support the investment process within their respective mandates. Clear responsibilities, informed challenge and accountable decisions are central to the framework.

Board of Directors

Experience.
With accountability.

Select a Director to read the full biography.

Portrait of Rameswurlall Basant Roi, G.C.S.K

Chairperson

Rameswurlall Basant Roi, G.C.S.K

B.A. Hons (Economics), University of Delhi · M.A. Economics, Delhi School of Economics

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Mr. Basant Roi has occupied one of the most eminent posts in Mauritius. He served as Governor of the Bank of Mauritius from 1998 to 2006 and from 2015 to 2018. He was an Economic Consultant from 2007 to 2014, Director of the Research Department from 1987 to 1998, Assistant Director Research from 1984 to 1987, and Research Officer in the Research Department from 1976 to 1984. He also served as an Economist at the Ministry of Economic Planning and Development in 1976.

He co-authored Monetary Policymaking in Mauritius with Professor Maxwell Fry and has published numerous articles on the Mauritian economy. Throughout his professional career, he has been involved in monetary policy making and the foreign-exchange reserve management of the Bank of Mauritius. He has chaired and served on several African and international multilateral organisations.

Mr. Basant Roi is a member of the Bretton Woods Committee in Washington, D.C. In 2004, the Government of Mauritius awarded him the Grand Commander of the Star and Key of the Indian Ocean for his contribution to the development of the financial industry. In 2016 and 2017, four institutions, including The Banker, named him Central Bank Governor of the Year.

Portrait of Dr. Milan J. N. Meetarbhan, G.O.S.K

Vice-Chairperson

Dr. Milan J. N. Meetarbhan, G.O.S.K

Doctorate in International Law, Université Panthéon-Sorbonne · Postgraduate studies in diplomacy, international relations and international economic law · Barrister, Middle Temple

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Dr. Meetarbhan is the Permanent Representative of Mauritius to the United Nations. He is a barrister whose practice focuses on corporate and regulatory affairs, public law and international law. He was in private practice from 1998 to 2005 and has served as Head of Nyam Chambers since 2015.

He served as Academic Consultant at Université Paris-Panthéon-Assas from 2017 to 2023. He was Ambassador and Permanent Representative of Mauritius to the United Nations from 2011 to 2015, Special Envoy of the Government of Mauritius and Chief Executive of the Financial Services Commission from 2005 to 2010. His experience spans the public and private sectors at national and international level.

From 1986 to 1998, he was Senior Lecturer, Associate Professor and Head of the Department of Law at the University of Mauritius. He has served as Senior Policy Adviser to the Prime Minister and Legal Adviser to the Ministry of Finance, as a Board member of the Stock Exchange Commission, and as Chairperson of Mauritius Telecom. Earlier, he worked as a Legal Officer at ICPO-INTERPOL in Paris. He has also advised international corporations and served on the boards of international funds.

Dr. Meetarbhan studied law in London and Paris. He was called to the Bar at the Middle Temple and earned postgraduate qualifications in international economic relations, international organisations, diplomacy and international relations, followed by a Doctorate in International Law from the Sorbonne.

He has lectured at universities and institutions including Aix-Marseille Université, Université de La Réunion, NYU School of Law, the Fletcher School of Law and Diplomacy, the Indian Society of International Law, South Asian University and the Harvard Kennedy School. He was a Visiting Fellow at Jawaharlal Nehru University and Rapporteur General of the Third International Conference on Small Island Developing States.

His international responsibilities have included chairing Mauritius’s National Dialogue on Oceans, presiding over the 18th Session of the Assembly of the International Seabed Authority, participating in the Mauritius v United Kingdom arbitration, co-chairing the UN Informal Consultative Process on Oceans and the Law of the Sea, and serving as Vice-President of the UN General Assembly and Vice-Chair of CISNA.

The University of Mauritius conferred on him the title of Honorary Fellow in Law in 2007. He was made Grand Officer of the Order of the Star and Key of the Indian Ocean in 2010 and is a Past President of the Rotary Club of Phoenix.

Portrait of Yandraduth Googoolye

Director and Chairperson of the Audit and Risk Committee

Yandraduth Googoolye

Fellow, Association of Chartered Certified Accountants, United Kingdom · Fellow, Association of International Accountants

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Mr. Googoolye was appointed Governor Designate of the Bank of Mauritius in December 2017 and Governor in January 2018. As Governor, he chaired the Bank’s Board of Directors and the Monetary Policy Committee. He retired as Governor in February 2020.

Before that appointment, he had served as First Deputy Governor since July 2006 and acted as Governor in 2007 and 2010. He joined the Bank of Mauritius in 1985 as an Accountant, became Assistant Inspector of Banks and was appointed Director of Banking Supervision in 1991. He later became Director of Operations and Director of Accounting, Budgeting and Payment Systems.

He coordinated the establishment of Mauritius’s real-time gross settlement system and the automation of the clearing house. In 2019, he brought the Mauritius Central Automated Switch to fruition and initiated the Centralised e-KYC project. He also served on the Technical Committee of the Mauritius Offshore Business Activities Authority and the Board of the National Investment Trust, led the SADC Payment System Project for Mauritius and contributed to the COMESA Payment System Project.

Mr. Googoolye was Vice-Chairperson of the Financial Services Commission and chaired the Eastern Africa Sub-region Committee of Central Bank Governors of the Association of African Central Banks. He also served on the Islamic Financial Services Board and the Governing Board of the International Islamic Liquidity Management Corporation, and has spoken regularly at international conferences on central banking.

During his governorship, the Bank of Mauritius received international recognition for good governance, including the 2019 MEA Markets Business Excellence Award for Best Public Financial Services Institution in East Africa. Mr. Googoolye is active in the Rotary Club of Curepipe and served as its President in 2021–2022 and its Golden Jubilee year, 2024–2025.

Portrait of Dr. Amaresh Ramlugan

Director

Dr. Amaresh Ramlugan

Professional Doctorate in Global Leadership and Management · MBA Financial Management · MPhil Development Finance · MPhil Management Coaching

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Dr. Ramlugan is a marketing, communications and leadership professional with more than 25 years of experience in brand and institutional development, strategic communication, banking, corporate affairs, advertising, media and governance.

He is Chief Executive Officer of TCA, a full-service marketing communications agency. He has also founded the Corporate Leadership Center, which focuses on executive development and coaching across the Indian Ocean and East Africa; bonappetit.mu; 360media; and SME Marketing, which supports small and medium-sized enterprises with practical growth solutions.

Before his entrepreneurial ventures, he held senior executive positions in financial services, including Head of Marketing and Communications at the State Bank of Mauritius and Head of Marketing and Corporate Affairs at Barclays Bank Mauritius. He serves as Chairperson of the Mauritius Broadcasting Corporation and contributes as a Board director and adviser to organisations across several sectors.

A Royal College Curepipe alumnus, Dr. Ramlugan holds a Professional Doctorate in Global Leadership and Management, an MBA in Financial Management, MPhil degrees in Development Finance and Management Coaching, and has completed executive education at INSEAD and Harvard Business School. He has been a member of Rotary International since 2001.

He is a published co-author of works including Vini, Vedi, Vici: Two Centuries of Nation-Building and 100 Years, Royal College Curepipe, Citadel of Learning. He is a frequent speaker on leadership and management and a media commentator on business, governance and society.

Portrait of Dr. Ursula Schmidt

Director

Dr. Ursula Schmidt

Doctorate in Economics, Friedrich-Alexander University Erlangen-Nuremberg · Certified Director and Certified Financial Expert, Deutsche Börse · Certified Compliance and Ethics Professional

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Dr. Schmidt is an independent Internal Audit and Compliance consultant and founder of Schmidt Advisory.

She is a former Executive Vice President Audit and Compliance of RTL Group, a listed international media group operating across more than 25 countries. She served as Secretary to the Group Audit Committee and as Chairperson of the Audit Committee of Channel Five in the United Kingdom. She held the Executive Vice President role from 2004 to 2020, after senior positions in controlling and strategy at RTL Group from 2000 to 2004.

Dr. Schmidt also served on the Board of Directors of RTL AdConnect SA, formerly IP Network SA. Earlier in her career, from 1994 to 1999, she held several positions as an international statistics consultant for Eurostat, the statistical office of the European Union.

She is a Board member and General Secretary of the Institute of Internal Auditors Luxembourg and serves as an independent director on several boards in the Luxembourg financial sector. She speaks and publishes on internal audit and compliance and received the Internal Audit Beacon Award in 2023, 2024 and 2025.

Portrait of Edouard de Burlet

Director

Edouard de Burlet

Licence in Law, Université catholique de Louvain · B.A. Economics, European University of Antwerp · MBA International Management, University of Dallas

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Mr. de Burlet is an independent director of investment funds in Luxembourg. He began his career in 1979 as a financial analyst with Manufacturers Hanover Bank in Brussels and became a corporate account officer responsible for international corporations. In 1986, he joined Kredietrust in Luxembourg, later Kredietbank, as a portfolio manager.

From 1989, he continued his career with Banque Privée Edmond de Rothschild Europe and became Head of Private Banking, a position he held until 1994. He then joined Investment Fund Services and, in 1998, became Head of Investment Funds Commercial and a member of several group coordination committees. In 2000, he also joined the Management Committee of the Spanish subsidiary.

From 2004, he led the development of transversal services and strategic partnerships, including the establishment, administration and portfolio management of investment funds distributed with partners, principally Nikko and SMBC. He represented the Luxembourg hub on the Edmond de Rothschild Group Responsible Investment Committee and served on the Board of Edmond de Rothschild Nikko Co. Ltd in Tokyo until his retirement in 2017.

Mr. de Burlet was a Senior Vice President of Edmond de Rothschild Luxembourg. He currently serves as an independent director of investment funds distributed internationally and as a director of companies and special-purpose vehicles in Luxembourg.

Portrait of Amit Bakhirta

Director

Amit Bakhirta

MBA Finance, United Kingdom · PgDBAM · BHM

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Amit Bakhirta founded ANNEAU Ltd in November 2016 and serves as its Chief Executive Officer. ANNEAU is a financial-services firm focused on investment management, portfolio management and investment advisory in Mauritius and Africa and is licensed by the Financial Services Commission in Mauritius.

He has more than ten years of experience in investment management, corporate finance, banking and investment banking across Africa, including Mauritius. He has invested in more than 150 public companies and 25 sovereign and corporate debt instruments across the continent. Earlier, he worked for eight years in hospitality, textiles and retail in Mauritius, India and the United Kingdom.

His corporate-finance, investment-banking and multi-asset background includes the formation, management and distribution of Mauritian, Pan-African, global, emerging-market and frontier-market investment solutions. From 2011 to 2016, he led IPRO’s operations in Africa.

He previously managed the IPRO Growth Fund and the African Market Leaders Fund and advised the investment mandate of the Policy Growth Fund, including open-ended and closed-ended funds listed on the Stock Exchange of Mauritius. He has served on and chaired Boards and Audit and Risk, Remuneration, Investment and Risk Committees.

Until 2016, he was Deputy Chairperson of the Investment and Risk Committees of two Pan-African funds invested in long-only equity and hard- and local-currency fixed income. He co-launched those funds in 2008 and 2013 and actively managed them until 2013.

His experience also covers African and global currency pairs and commodities. He served as Managing Director of IPRO Botswana and Executive Director of the Ponelopele Fund and previously worked with the IPRO Group and AfrAsia Bank in Mauritius.

Mr. Bakhirta holds an MBA in Finance from the University of Wales Institute, Cardiff. He has spoken on CNBC Africa and at African investment and capital-markets conferences and has written on finance, economics and investment.

He also serves in Rotary and is a Paul Harris Fellow.

Governance documents

A controlled public record.

  • ConstitutionNo release
  • Board and committee informationBiographies available above
  • Investment Policy StatementApproved public copy
  • Regulatory informationNo release

Investment policy oversight

The Board is responsible for the Company’s investment-policy framework and oversight. Committee review, investment management and investment advice remain distinct functions within that framework.

Conflicts and stewardship

Actual or apparent conflicts should be disclosed and addressed through the Company’s governance arrangements. Rights attached to portfolio investments are distinct from shareholders’ rights in ANNEAU–INVESTISSEMENTS.

Policy library

Approved policy documents will be published with their version and effective date. Working copies with incomplete approval fields are not public documents.

Investment Policy Statement