About Us

Board of the FSC

The FSC is administered and managed by a Board which consists of a Chairman, a Vice-Chairperson, independent non-executive directors and a Chief Executive.
Members of the Board hold office for a period of 3 years and are eligible for re-appointment. Members of the Board are:

  • Dr. Renganaden Padayachy
    Chairperson
    Chairperson
    Chairperson
    Dr. Renganaden Padayachy
    Chairperson

    Dr Renganaden Padayachy joined the Board of the Financial Services Commission as Chairman since January 2018. He is currently the First Deputy Governor at the Bank of Mauritius and in his capacity as First Deputy Governor of the Bank of Mauritius,

    Dr Padayachy is a member of the Board of Directors of the Bank as well as a member of the Monetary Policy Committee.

    Prior to his appointment as First Deputy Governor, Dr Padayachy has also held the position of Economist at the Mauritius Chamber of Commerce and Industry.

    Dr Padayachy holds a Ph.D. in Economics and a Master in Public Economics from the University of Paris I Panthéon-Sorbonne, France. He also holds a Master in Industrial Economics from the University of Franche-Comté, France.

  • Mr Rajesh Sharma Ramloll
    SC
    SC
    SC
    Mr Rajesh Sharma Ramloll
    SC

    Mr. Rajesh Ramloll, SC joined the Board of the FSC in May 2014 and is currently the Deputy Solicitor-General at the Attorney-General’s Office. He is a barrister at Law and holds a specialist LLM in taxation from the Centre for Commercial Studies Queen Mary, London.

    He is the current President of the International Fiscal Association, Mauritius Branch.

    Mr. Ramloll is a Fellow of the Hon. Society of Advanced Legal Studies (London) and is a member of the International Fiscal Association. He advises the Government on legal aspects of financial matters. He is a tax assessor of the OECD Global Forum and a reviewer of the International Bureau of Fiscal Documentation (IBFD), (Netherlands).

  • Mr Mahess Rawoteea
    Mr Mahess Rawoteea

    Mr Mahess Rawoteea has joined the Board as from October 2018. He is Lead Analyst at the Ministry of Finance and Economic Development. Currently, he is a member of the National Regulatory Sandbox Licence Committee and the Work Group on the Blue Print for the Financial Services Sector. He is also a co-opted member of the Mauritius Africa Fund Ltd Board of Directors and the Secretary of the National Pensions Fund and National Savings Fund Investment Committee.

  • Mr Sarwansingh Purmessur
    Mr Sarwansingh Purmessur

    Mr Sarwansingh Purmessur has joined the Board as from May 2018. He currently holds the position of Deputy Permanent Secretary at the Ministry of Financial Services and Good Governance. He has a very long career in the civil service for having served for over thirty-five years in various Ministries. During his tenure of officer, he has also assumed the position of directors in various organisations like the Information and Communication Technology Authority, the National Housing Development Company limited, the Business Parks of Mauritius Ltd, the Town and Country Planning Board, the National Computer Board, amongst many others.

  • Mr Hervé Lassemillante
    Mr Hervé Lassemillante

    Mr. Herve Lassemillante has been appointed to the Board of the Financial Services Commission since July 2017. He was called to the Bar in 1979 and is a member of the Middle Temple Inn of Court. He had been appointed as Special Envoy of the Mauritian Prime Minister to the Congo-Brazzaville and is a member of the Mediation Reference Group of the Southern African Development Community (SADC).

    Mr. Lassemillante has been a Director of the Port Louis Fund and was one of the two assessors of the Commission on the Prescription of Land set up in May 2012. He has also occupied the position of Vice President at the National Human Rights Commission.

    At present he is the Chairperson of the Independent Review Panel of the Ministry of Finance and Economic Development.

     

  • Mr Premchand Mungar
    Mr Premchand Mungar

    Mr Premchand Mungar is a seasoned professional with extensive expertise across various sectors of the financial services industry. In December 2017, he was appointed as an Independent Non-Executive Member of the FSC’s Board.

    Before his recent return to Mauritius, he was the general counsel and a senior director at the African Trade and Development Bank Group (TDB Group), a multinational development financial institution. He was a member of TDB’s executive committees and was retained as a senior advisor to TDB Group.

    Mr Mungar is actively involved at the Corporate Governance Development Forum spearheaded by international Development Finance Institutions to develop a framework integrating the principles of governance into investment and business operations. He now acts as a consultant in banking and finance for institutional transformation, corporate strategy and business initiatives.

    Mr Mungar holds a master’s degree in finance and financial law from the University of London and an LLB from the University of Mauritius. He is a qualified attorney and a member of the Mauritius Law Society since 1995.

    He attended various executive education courses, including the 16th Summer School on International Financial Law, organised by EuroMoney in collaboration with the University of Oxford, at St Catherine’s College. He was also sponsored by Japan Bank for International Cooperation to attend to the 10th Autumn Course on International Finance held jointly with Waseda University in Tokyo, Japan. He holds to his credit several commendations and was awarded the 2016 President’s Excellence Award in recognition of his outstanding contributions to the affairs of the TDB Group.

  • Mrs Yotsna Lalji-Venketasawmy
    Mrs Yotsna Lalji-Venketasawmy

    Mrs. Yotsna Lalji-Venketasawmy joined to the Board of the FSC in April 2018 and is currently an Adviser on matters relating to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) at the Ministry of Financial Services and Good Governance. She has extensive regional and international experience in the field of AML/CFT, and has served as a United Nations expert between January 2012 and June 2015.

    Prior to 2012, she was the Legal Adviser of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), and has led and participated in a number of AML/CFT assessments of countries in Eastern and Southern Africa.

    Mrs. Lalji- Venketasawmy has also previously worked for the Financial Services Commission and has over 7 years of experience working in financial services regulations.


The Secretary to the Board is Mr. R. Sokappadu

 The Board carries out their functions through the following sub-committees:

  • Audit and Risk Committee;
  • Corporate Governance Committee;
  • Enforcement Committee established under Section 52 of the Financial Services Act 2007; and
  • Staff Committee.


The Chief Executive is:

  • Mr Harvesh Kumar Seegolam
    Chief Executive of the Financial Services Commission
    Mr Harvesh Kumar Seegolam
    Chief Executive of the Financial Services Commission
    Harvesh SEEGOLAM is the Chief Executive of the Financial Services Commission of Mauritius since July 2017. He is equally an active member of the Executive Committees of a number of strategic international regulatory bodies and instances; including the International Organisation of Pension Supervisors (IOPS) and the Regulatory Committee on Fintech and Innovation-driven Financial Services.

    Prior to joining the Commission, Harvesh has set up and ran the Financial Services Promotion Agency, institution which operated under the aegis of the Ministry of Finance and Economic Development, with the mandate of promoting Mauritius as an International Financial Centre. Harvesh has equally been part of the strategic team leading the Board of Investment of Mauritius in the past, thereby successfully advising a number of global operators in setting up operations in Mauritius.

    Harvesh holds a BSc (Hon) in Economics and an MSc in International Finance, in addition to several other qualifications in accountancy and finance. He is an alumni of the London School of Economics & Political Science, the University College London, Durham University, as well as, the SKEMA ‘Grande Ecole de Commerce’ in France.