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Mark van Beuningen joins CIEL Group in the role of Group Strategic & Investment Executive

The CIEL Group is consolidating its strategy and is pleased to announce the appointment of Mark van Beuningen to the position of Group Strategic and Investment Executive. With solid experience in key positions, including the management of CIM Financial Services Ltd, Mark brings expertise to the CIEL management team that will enable the Group to strengthen its growth trajectory.

Ebène, February 7, 2024 – The CIEL Group is pleased to announce the appointment of Mark van Beuningen to the position of Group Strategic and Investment Executive, effective May 1, 2024.

Mark has a wealth of experience spanning over 20 years, in both strategic and operational roles. With a decade of executive leadership and strategic management, he has a strong ability to create value. As Group CEO of CIM Financial Services Ltd., a position he held for more than seven years, Mark enabled this institution to experience sustained growth and consolidate its position as leader in the consumer credit market. During his time at the Boston Consulting Group (BCG), he supported numerous established international groups and emerging high-growth players in their strategic thinking and execution of operations. He has also worked in the financing team at Macquarie Bank in Sydney and as an audit director for KPMG Financial Services Assurance in Cape Town.

For CIEL, the arrival of Mark marks a significant step. His integration into the management team positions the group firmly for its next phase of growth and investment. It underlines CIEL’s commitment to continuing this growth, by increasing their presence in Asia, particularly in India, and in East Africa. Mark will support the management team in the implementation of the Group’s strategy, and in particular the successful execution of the new strategic and investment roadmap. He will support the entire management team in achieving the Group’s priorities by accelerating growth drivers and promoting value creation.

I am delighted to welcome Mark as Group Strategy & Investment Executive to our team. His solid operational experience and assertive leadership, combined with his expertise in strategic thinking and execution, will be important assets to breathe new life into value creation, accelerate growth levers and successfully carry out our strategic roadmap,” remarks Guillaume Dalais, Deputy Group Chief Executive of the CIEL Group.

Commenting on his appointment, Mark van Beuningen said: “It is a great honour to join CIEL Group at this important stage in their growth journey. The prospect of contributing to an international Group in order to drive an ambitious roadmap is an exceptional opportunity. I look forward to collaborating with the teams to lead new strategic investments, but also to lead initiatives that will drive sustainable growth, enhanced operational efficiency, while providing added value to investors.

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