Mauritius: Mauritius IFC Promoted In Switzerland
Last Updated: 24 March 2017

The FSPA is coordinating a strong 30 members' financial services private sector delegation to Geneva and Zurich this week in view of enhancing the visibility of Mauritius as an IFC of choice amongst Swiss based companies. Earlier this week, the delegation participated at the Africa CEO Forum in Geneva, whereby the FSPA showcased the Mauritius IFC as an ideal financial platform for investing and doing business in Africa.

This is in line with the market development strategy for our IFC, especially following the recent introduction of a range of new products, including Global Headquartering, Treasury Management, Investment Banking, Legal Services and Family Offices amongst others. These new offerings consolidate the position of Mauritius as the ideal IFC for Africa.

The FSPA also organised a Business Meet on Wednesday 22nd March 2017 at the Metropole Hotel in Geneva on the theme 'Mauritius – An International Financial Centre of Choice for Africa'. The forum was attended by over 90 highly targeted Swiss based operators with an interest of exploring opportunities across the African continent. Speaking about the FSPA Business Meet in Geneva, some of the accompanying private sector operators stated:

Mr Kevin Venkiah, CEO, Wealth Management Company: "It was a very good initiative from the FSPA. The Business Meet regrouped many people in the financial services sector and this created better visibility on the Mauritius IFC and this should be made more often."

Mr Ziyadh Bundhun, CEO, New African Advisors: "This was a good initiative and should be made more often."

Mr Dick Ng Wan, CEO, Labourdonnais Management Company: "This Business Meet was made at the right time as Swiss Key Investors are feeling uncertain about the Tax Transparency and Automatic Exchange of Information. The Business Meet was really focused about using Mauritius as a platform for structuring investment and same was very informative for Key Swiss based Investors that were present at the Business Meet."

Ms Francoise Chan, Director, Intercontinental Trust: "Good initiative allowing operators to further market their respective services".

Speaking at the opening of the Business Meet, His Excellency Mr I. Dhalladoo, Ambassador for Mauritius in Switzerland stated: "As financial centres, both Mauritius and Switzerland have a lot in common and I am certain that by developing areas of collaboration, we can create, through the relevant institutions, opportunities for all. I would like to congratulate the Financial Services Promotion Agency for bringing together a collection of the finest and prominent players in the industry."

For Harvesh Seegolam, Chief Executive of the FSPA, "Switzerland remains an important market for our Financial Centre. Our presence in Geneva and Zurich this week aims at demonstrating the various options that the Mauritius IFC offers to Swiss companies looking at investing in Africa and beyond".

During the Business Meet, Mr Mark Koch, Chairman of WMC announced that they will shortly be filling their application for an investment banking licence in Mauritius. This FSPA coordinated mission has also given rise to significant interests from Swiss based companies in the field of Global Headquartering as well as wealth and asset management services.

The FSPA led Mauritian delegation will proceed to Zurich after Geneva where a closed-door Breakfast Meet is scheduled for Friday 24th March 2017.

Financial Services Promotion Agency

24th March 2017.

Contact:

PR & Communication Team at prcom@fspa.mu

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