Financial Services Promotion Agency

Board Members

gerard sanspeur imageMr. Gérard Sanspeur, Chairman of the Financial Services Promotion Agency

A strategic thinker abreast of the latest managerial trends and technological applications, Mr. Sanspeur has been solicited to leverage his proven leadership capabilities and broad hands-on experience to inspire and orient BOI with a view to maximizing the agency’s operational efficiency.  His competence and ease in the fields of finance, business innovation, project management and creation of new sectors are expected to have a significant bearing on the performance of BOI at a time when FDI inflows are crucial for the country to successfully embark on a high-income path.

Mr. Sanspeur’s professional career spans some thirty years during which he has served in a multiplicity of key positions in the Mauritian private and public sectors. Following his assignments under the aegis of international organisations like UNCTAD in various African States, his input for the acceleration of the implementation of BOI’s strategies regarding investment promotion, project development, business facilitation and, in particular, the Africa Strategy to enhance the role and impact of the Mauritian business platform on the national and regional growth will be much sought after.


Board Members

Mr Abdool Sattar Aboobakar,  O.S.K

Mr Aboobakar is a Commonwealth Scholar and holds degrees in Economics , International Marketing, and professional certificates  from institutions in  India,  Ireland, Ethiopia and New Zealand

Mr Aboobakar  is a market development and  Export Promotion expert.   He has held high level positions both in Mauritius and internationally. He is one of the trade and policy experts behind the foundation of the Common Market for Eastern and Southern Africa (COMESA).  He acted as a Senior Trade Expert at the Commonwealth Secretariat, an advisor to the Minister of Trade and Industry of the Republic of Nambia and was the Managing Director of the Namibia Development Corporation.  

Working for the public and the private sector, he has been the Deputy Director of the Mauritius Export Development and Industrial Authority (MEDIA).  Currently, Board Member of the FSPA, his resourcefulness and versatility in dealing with different issues is much appreciated by the organization.  


Sunil Benimadhu,Chief Executive,Stock Exchange of Mauritius

Sunil Benimadhu has been in office as Chief Executive of the Stock Exchange of Mauritius (SEM) since May 1998 after having held various positions in the Securities Industry. He has played an instrumental role in uplifting the operational, technical and regulatory infrastructure of the SEM and contributed to its emergence as one of the leading Exchanges in Africa.  Sunil is the Chairman of Global Finance Mauritius, the apex body of private sector operators in the Financial Services Industry in Mauritius.

Sunil was elected in October 2014 for a three-year term on the Board of the World Federation of Exchanges (WFE), an association of the World’s leading Stock Exchanges. Sunil was the President of the African Securities Exchanges Association (ASEA) an association of 23 Exchanges operating on the continent, from August 2010 to November 2014.  He was a member of the Executive Committee of the South Asian Federation of Exchanges (SAFE), and the Chairman of the SADC Committee of Stock Exchanges (COSSE). Sunil is a regular speaker on emerging markets and on African markets in international stock exchange conferences.

Before joining the Stock Exchange of Mauritius, Sunil Benimadhu worked in the Treasury Department of the African Development Bank (ADB) from February 1997 to April 1998, where he managed the Bank’s assets on international fixed-income markets.  Sunil Benimadhu was the General Manager of the National Mutual Fund Limited between December 1992 and February 1997. He played an instrumental role in the structuring, marketing and setting up of the National Investment Trust Limited, one of the largest investment trusts listed on the Stock Exchange of Mauritius.

Sunil Benimadhu holds a MBA in Finance and Investment from the University of Illinois, United States. He also holds a D.E.A in Development Economics and a Maîtrise in Macro-Economics from the University of Aix-Marseille, France. 


Louis RivallandLouis Rivalland is currently the Group Chief Executive of Swan General Ltd and Swan Life Ltd. 

He was previously part of the management team of Commercial Union in South Africa and conducted several assignments in Europe.  He then worked as Actuary and Consultant for Watson Wyatt Worldwide.

He has been the President of the Joint Economic Council and of the Insurers’ Association of Mauritius.  He has played an active role in the development of risk management, investment, insurance and pensions in Mauritius having chaired or been part of various technical committees on these areas.

He holds a BSc (Hons) in Actuarial Science and Statistics, a Post Graduate Diploma in Strategy and Innovation from SAID Business School, University of Oxford and is a Fellow of the Institute of Actuaries, UK.


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