Port Louis, 05 March 2025: The Board of Directors of Bank One is pleased to announce the appointment of Cyril Wong Sun Thiong as Chairperson, effective as of 5th March 2025. Cyril, who has been a non-executive director since August 2023, brings extensive experience in banking, risk management, and corporate governance. His deep expertise in financial oversight, regulatory frameworks, and corporate banking will be key in guiding Bank One’s continued evolution in its next phase of expansion and innovation.
He succeeds Roselyne Renel, who has served as Chairperson since 2022. Under her leadership, Bank One has strengthened its governance framework, reinforced its risk management structures, and expanded its corporate, private, and international banking services, locally and across sub-Saharan Africa. She has played a key role in enhancing the Bank’s digital transformation, supporting the launch of POP, Mauritius’ first universal digital payment solution, and modernising the Bank’s online and mobile banking platforms.
Commenting on his appointment, Cyril Wong Sun Thiong said: “Bank One has grown into a strong and dynamic financial institution, with deep expertise in Mauritius and a growing presence in sub-Saharan Africa. I am honoured to take on this role at an exciting juncture, to further expand our reach and enhance our offerings. I look forward to working closely with the Board, the leadership team, and the talented teams to drive the Bank’s next phase of growth with a continued focus on innovation and customer experience. On behalf of the Board, I extend my gratitude to Roselyne Renel for her contributions and leadership at the helm of Bank One.”
Reflecting on her tenure, Roselyne Renel expressed: “It has been a privilege to serve as Chairperson of Bank One during a period of strategic growth and transformation. Over the past two years, we have strengthened our corporate and private banking offerings, deepened our regional partnerships, and advanced our digital transformation to enhance the customer experience in Mauritius and across sub-Saharan Africa. I want to express my gratitude to the Board, the leadership team, and the talented team for their dedication in achieving our regional ambitions. Cyril brings extensive industry experience, and I am confident that under his leadership, Bank One will continue to grow and consolidate its position as a key financial player.”
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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.
For media inquiries, please contact:
Ali Mamode, Head of Marketing & Communications
Tel: +230 202 9200, +230 5713 5924
Email: ali.mamode@bankone.mu
Virginie Couronne, Senior Communication & Content Specialist
Tel: +230 202 9200, +230 5258 2926
