Composition of the Monetary Policy Committee

Mr Rajeev Hasnah was appointed, with effect from the 2^nd of December 2024, First Deputy Governor of the Bank of Mauritius by His Excellency, the President of the Republic of Mauritius upon the recommendation of the Prime Minister.  Mr Hasnah is the Chairperson of the Board of Directors of the Mauritius Investment Corporation Ltd. He also sits on the Monetary Policy Committee.

Mr Hasnah started his career as an Economist in the City, London, where he worked at IDEAglobal, an independent economic research firm, advising traders and investment managers.

Throughout his career, Mr Hasnah has demonstrated a commitment to excellence and innovation, whilst also showcasing his competence on the front of regional diplomacy and public administration. During his tenure as Deputy Executive Director and Chief Economist at the Competition Commission of Mauritius, and as Commissioner at the COMESA Competition Commission, he oversaw investigations in mergers and acquisitions, abuse of dominance and cartel cases.  He also contributed to policy development and Competition Law enforcement at the highest level both in Mauritius and across the COMESA region.

Mr Hasnah’s career history also includes strategic roles in the private sector in Mauritius.  As a Chief Finance Officer in different corporate entities listed on the Stock Exchange of Mauritius, he, in particular, spearheaded critical restructuring and investment initiatives.

Mr Hasnah also provided expert advice on competition economics and corporate finance as an independent consultant.

Mr Hasnah’s early career roles as an economist and a Chartered Financial Analyst within the investment management and corporate finance fields equipped him with a solid foundation in financial and economic analysis, as well as investment management and strategic planning expertise.  He stands as a distinguished economist and finance professional with a robust academic background and proven track record in both business and public administration.  

Mr Hasnah is a thought leader in Mauritius in the field of economics and finance.  His views as a trusted expert are widely sought after by leading economic journalists, and he has featured in numerous articles and interviews in both print and broadcast media.

A Charterholder from the CFA Institute, Mr Hasnah also holds an MSc in Economics and Finance from Warwick Business School, United Kingdom, and a BSc (Hons.) in Economics and Finance from the University of Mauritius, where he was a gold medallist and awarded multiple scholarships.

Mr Ramsamy Chinniah was appointed Second Deputy Governor of the Bank of Mauritius with effect from the 29^th of September 2025 for a three-year term.

Mr Ramsamy Chinniah has devoted more than 40 years of his career to the Bank of Mauritius, of which 7 years spent in the Research Department and 32 years in the Supervision Department.

Prior to his appointment as Second Deputy Governor, Mr Chinniah was Director of Supervision at the Bank of Mauritius. Throughout his extensive tenure in the Supervision Department, he played a key role in shaping and advancing the legal, regulatory, and supervisory frameworks that underpin the Mauritian banking sector. He actively contributed to the elaboration of key banking policies which have helped strengthen the country’s banking system in the face of major financial challenges, including the global financial crisis of 2007 and the Covid-19 pandemic.

Mr Chinniah was instrumental in the formulation of guidelines aligned with best international practices and assessed their impact on the banking industry. He was instrumental in the implementation of a prudential supervision framework focused on independent, forward-looking, and risk-based oversight of the banking sector. He is also credited with the formulation of AML/CFT rules and directives and with the design of methods for on-site examination of licensees of the Bank of Mauritius.

He has been extensively involved in programmes and projects run by international organisations, amongst which the International Monetary Fund and the World Bank, rating agencies, regulatory entities and multilateral institutions.

From September 2024, and until his appointment as Second Deputy Governor, Mr Chinniah was the Chairman of the Community of African Banking Supervisors, a working Group set up under the aegis of the Association of African Central Banks. 

From 2006 to 2008, he was the Chairman of the Southern African Development Community Sub-committee of Banking Supervisors. He was equally a member of the Mauritius Steering Committee of Accounting and Auditing services.

Mr Chinniah holds a Master of Science in Financial Economics from the University of Mauritius (2009), is an Admitted Fellow of the Association of Chartered Certified Accountants (UK, 1999) and successfully completed the Association’s final examinations in 1991.

Ms Banymadhub-Chakowa is a Finance professional with more than 32 years’ experience in various sectors of economic activity including the Financial Services sector.  She currently acts as an Independent Non-Executive Director in several entities in Mauritius.

She is a Fellow member of the Association of the Chartered Certified Accountant, member of the Mauritius Institute of Professional Accountants and a Fellow of the Mauritius Institute of Directors.

Dr Khadaroo is an experienced international consultant and the Founder CEO of OptiFin Solutions Ltd.  He reckons more than twenty years of experience as an economist specialising in econometrics, with prior experience as an Associate Professor at the University of Mauritius.  He has also served as the Member of the MPC during his tenure as the Second Deputy Governor of the Bank of Mauritius from February 2007 to February 2010.

He holds a Bachelor of Economics from Macquarie University, Australia and an MSc in Economics and Econometrics from the University of Bristol, United Kingdom. He holds a PhD in Applied Econometrics from the University of Bristol.

Ms. Ip is currently an Audit and Assurance Partner at Kemp Chatteris. She has also served as an Independent Director and Chairperson of Audit Committees of several entities.

She holds a BSc (Hons) in Economics from the London School of Economics and Political Science and is a Fellow Member of the Institute of Chartered Accountants in England & Wales.

Dr Blin is the Head of the Faculty of Accounting, Finance and Law at Charles Telfair Education - Curtin Mauritius since August 2022.  She has more than 20 years of experience as an academic in the field of development and international economics both in Mauritius and abroad.

She holds a Bachelor’s degree and a post-graduate degree from Université Aix-Marseille II in International Economics.  She also has a MA Development Economics and a PhD in Economics from the University of Manchester.