Increasingly under pressure from the International Monetary Fund who calls upon the Bank of Mauritius to pull back funds and relinquish its ownership, the newly created Mauritius Investment Corporation has appointed an experienced international fund manager, Mark Florman as Chief Executive Officer.
Mark Florman has previously worked in an advisory role with several governments across the world, including the United Kingdom, Sweden, Nigeria and Saudi Arabia to build investment frameworks with the objective of creating jobs and business opportunities.
Lord Meghnad Desai, to whom Mark Florman succeeds will as from July 15 move to an advisory position.
Despite the recommendation of the Executive Directors of the IMF on the risks to the BoM’s credibility, the board of the MIC is still made up of two representatives of the central bank, namely the First Deputy Governor, Mardayah Kona Yerukunondu and the Second Deputy Governor, Hemlata Sadhna Sewraj Gopal.
