A new platform aimed to regroup all the operators of the Mauritius financial services sector has been launched on Wednesday 10 February 2021. Born from the merger of the "Association of Trust and Management Companies" ("ATMC"), the flagship representative body of the global business industry established in 1997, and "Global Finance Mauritius" ("GFM"), founded in 2010 which brought together players in several subsectors of the Financial Services industry, this new entity will operate as Mauritius Finance.
Mauritius Finance aims to be a privileged partner with regulators and public authorities on strategic and technical issues. It also intends to defend the interests of the Mauritian international financial center at the local level and on the international scene. It already counts over 100 members, including Management Companies, banks, accounting firms, law firms, the Stock Exchange of Mauritius, fund managers, institutional investors and 'other players in the financial industry holding operating permits granted by the Financial Services Commission.
Mr. Assad Abdullatiff, the Managing Director of Axis Fiduciary Ltd, was the chairman of the ATMC at the time that the original idea of the merger was seeded and was also part of the joint ATMC/GFM merger subcommittee. He now serves on the board of Mauritius Finance and stated "I am absolutely delighted that we have been finally able to have one single association for the financial services sector. In those trying times it is important that we stand united as an industry and speak only with one strong voice".
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.