Mr. Premchand Mungar has taken the role of Chief Executive of SBM Bank (Mauritius) Ltd, following a board meeting of the banking institution. With over 35 years of seasoned experience in banking, Mr. Mungar has held senior executive positions in institutional transformation, both in Mauritius and across the African continent. He embarked on his banking career within the SBM Group, where he previously held various key roles.
Prior to his appointment as Chief Executive of SBM Bank (Mauritius) Ltd, Mr. Mungar served as the Chief Executive and Executive Director of MauBank from 2018 to 2023. He also contributed to the Eastern & Southern African Trade & Development Bank (TDB) in several capacities, including General Counsel and Senior Director. Since 2017, he has served on the board of the Financial Services Commission and has chaired the Audit & Risk Committee of the commission since 2018. Furthermore, he holds the position of Vice-President of the Mauritius Bankers’ Association.
Mr. Mungar holds an MSc in Finance and Financial Law from the University of London, as well as degrees in English and French law from the University of Mauritius. He has also completed several executive programs, including the LEAD Program at the Stanford University Graduate School of Business. Additionally, he participated in the 10th Autumn Course on International Finance at Waseda University in Japan, organized in collaboration with the Japan Bank for International Cooperation.
Throughout his career, Mr. Mungar has received various accolades and is notably a recipient of the TDB President’s Excellence Award in recognition of his outstanding contribution to the institution.
In a statement published on the Mauritius Stock Exchange website on Thursday, November 23, 2023, SBM Holdings Ltd, the holding company of SBM Bank (Mauritius) Ltd, underlined that Mr. Mungar will be tasked with continuing the transformation journey that the Bank has embarked upon in recent years.
