Port Louis, 11 October 2024: Bank One is pleased to announce the appointment of Moonesar (Sunil) Ramgobin as Chief Executive Officer, effective 11 October 2024. Sunil Ramgobin succeeds Mark Watkinson, who is retiring after four years of strong leadership.
Mark Watkinson has been a cornerstone of our success in recent years, particularly in advancing our strategic goals and fostering strong partnerships with our shareholders, CIEL Group and I&M Group PLC. His leadership has significantly contributed to the bank’s expansion in sub-Saharan Africa.
Roselyne Renel, Chairperson of Bank One, commented: “Mark’s tenure epitomized the resilience of our operations in the face of an uncertain global landscape and a renewed strategic vision that leverages on the strength of our shareholder networks. The Board and the whole Bank One team joins me in expressing our deepest gratitude to Mark for his remarkable contributions and wish him a fulfilling retirement”
Roselyne Renel adds: “Sunil’s expertise will be key in guiding the Bank through its next phase of development. We have full confidence in his ability to lead us forward and are committed to supporting him on this journey. The Board, senior leadership team and the entire Bank One family are eager to work alongside Sunil to foster our continued success and enhance our market presence.”
Commenting on his appointment, Sunil Ramgobin shares: “I am honoured to step in as the new CEO at Bank One. The banking sector today is both challenging and full of promise, with technology and customer expectations evolving rapidly. I look forward to working closely with the talented team here, learning from them, and collaborating to drive innovation and deliver exceptional value to our clients. Together, we will embrace the opportunities and challenges ahead and work towards our shared vision for the future.”
Sunil Ramgobin brings over 30 years of extensive banking experience, with expertise spanning Corporate and Investment Banking, Retail Banking, Business/SME Banking, Wealth Management, Custody, and Islamic Banking. He has held key leadership roles at major financial institutions, where he demonstrated strong capabilities in banking operations, business transformation, and strategic development. His insight and vision will be instrumental in guiding Bank One through its next phase of growth and innovation.
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About Bank One
Bank One is a joint venture between CIEL Finance Limited in Mauritius and Kenya-based I&M Group PLC. Over the last decade, it has built a client base of over 50,000, a dedicated team of over 417 experienced collaborators, and an asset base exceeding MUR 52 billion. Bank One provides a wide range of banking products and services to its clients through a geographic footprint spread across the island of Mauritius, comprising 7 branches and a well-distributed ATM network. As the financial landscape in sub-Saharan Africa continues to evolve, Bank One is determined to play an active role in supporting individuals, businesses and communities through continuous innovation and value addition. Bank One has deep development finance institution relationships and long-term funding lines in place with the German Investment Corporation (DEG), the International Finance Corporation (IFC), and the French Development Agency (Proparco). Bank One has been rated ‘BB-‘ with a Stable Outlook by Fitch Ratings.
