Management Team


Ravneet Chowdhury

Executive Director & Chief Executive Officer

Mr. Ravneet Chowdhury joined the Bank on 14 October 2013 as CEO Designate and took over the function of Chief Executive Officer from the 01st January 2014. He also serves as a Director and is a member of the Board Risk Management Committee.

Mr Chowdhury has had a brilliant career in the banking industry, occupying various senior positions in Standard Chartered Bank prior to his appointment as CEO of Standard Chartered Bank, Oman. During his career, Mr Chowdhury has had extensive African experience, having worked in Southern and East Africa for a number of years. He has also worked previously for ABN AMRO and American Express Bank.

Mr Chowdhury is FCA qualified and holds a Bachelor of Commerce from the University of Delhi and an MBA from Henley Management College.

Balachandran C.P.

Deputy Chief Executive Officer

Balachandran assumes the office of Deputy Chief Executive Officer since 11 February 2014. Balachandran holds a first class degree and professional certifications from IIBF (India), IFS (UK) and ICA (UK). He is a career banker with in depth exposure & extensive experience at the senior management level covering the entire banking operations – Treasury & International trade operations, Credit, Foreign Exchange, Operational Risk Management, Compliance, Administration, Finance, Human Resources, Information Technology, ALM, MIS, Regulatory reporting, Vigilance – spanning over 3 decades in four reputed international banks before joining Bank One.

Ranjeevesingh (Ranjeeve) Gowreesunkur

Chief Financial Officer

Fellow of the Association of Chartered Certified Accountants and a registered Professional Accountant with the Mauritius Institute of Professional Accountants, Ranjeeve also holds an MBA with Finance from Herriot Watt University. He has more than 20 years of extensive experience in the banking sector having worked in different departments at Union Bank, First City Bank, SBI (Mauritius) and Deutsche Bank (Mauritius). He joined Bank One in 2008 as Financial Accountant and after being subsequently appointed as Finance Manager, Ranjeeve was promoted as Chief Financial Officer in August 2014.

Stephen Vlok

Chief Risk Officer

Stephen holds a Bachelor of Commerce and a Master of Commerce degree specializing in Financial Management. Stephen is also a certified member of the Institute of Bankers of South Africa and obtained an Associate Diploma from the Institute. Before joining Bank One, Stephen has had twenty years’ experience in risk management in the South African banking and investment industries, with his previous responsibilities being Deputy Head of Credit at Sanlam Capital Markets Proprietary Limited. Stephen joined the Bank in November 2014 as Chief Risk Officer.

Fareed Soobadar

Head of Corporate Banking

Fareed Soobadar is a Fellow of the Chartered Association of Accountants (UK) and an associate-ACIB of the Institute of Financial Services (UK). He has more than 19 years of work experience in the financial services industry, having worked in auditing, accounting, offshore, HP financing, and including 14 years of banking experiences gained at senior management level. He held several key positions in various organisations over these years namely KPMG, Deloitte, HSBC, AAMIL, Barclays and before joining Bank One, as corporate director at Banque des Mascareignes. He also had international exposures with ABSA, Barclays Dubai, and Barclays, where he worked principally in the credit field. Fareed was appointed Head of Corporate Banking in February 2015.

Suresh Nanda

Head of International Banking

Suresh holds a Doctorate in Business Management from the Indian Institute of Management, Calcutta. He has over 30 years’ experience in banking, mostly in leadership positions, where he managed large teams in the Corporate & Investment Banking, Retail Banking and Private Banking units of ICICI Bank, ING Bank of India and Middle East. He was part of the startup team of ICICI Bank in 1994. His last assignment was as MD, Corporate Finance in a boutique private equity and advisory company in UAE with focus on Africa. Suresh joined Bank One in April 2015.

Arun Kumar Mathur

Head of Private Banking & Wealth Management

Arun has an Economics (Hons) degree from Delhi University and an MBA from Institute of Management Technology, Ghaziabad, India. Arun is a high Private Banking specialist with over 14 years of experience in wealth management. Overall he has more than 20 years of Consumer Finance experience with Citibank across Eastern, Southern, Western African, Indonesian and Indian markets. Arun was appointed Head of Private Banking and Wealth Management of Bank One Limited in July 2014.

Anne Marie Koo Ton Fah

Head of Consumer Banking

Anne Marie has a diploma in Business Management and has been in the banking sector since 1982. She started her career with the State Bank of Mauritius and joined the South East Asian Bank Ltd in 1989. She left in March 2008 as Assistant Vice President – Retail Sales and Services to join the Bank as Head of Retail Banking.

Rishyraj Lutchman

Head of Treasury

Rishy holds an ACI Diploma and a BBA from Management College of Southern Africa. Before Joining Bank One in February 2014, he worked for 26 years in the Treasury division of the State Bank of Mauritius, where he covered different desks such as sales, interbank and fixed income desk and acquired a comprehensive knowledge of the Mauritian and Malagasy market. Rishy held the post of Chief Dealer prior to leaving SBM.

Valerie Duval

Head of Credit Administration

Valerie holds a Bachelor of Law and was called to the Bar in 1995. Before joining Bank One, she held the function of Claims Manager at La Prudence Mauricienne Assurances and Swan Insurance Co Ltd respectively, thereby acquiring a strong experience of 13 years in the insurance sector. She joined the Bank in July 2008 as Head of Credit Administration and also acts as internal legal adviser on legal matters pertaining to the affairs of the Bank.