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CONFERENCES
NEWS
The 3rd Africa Pensions and Sovereign Funds Investment Forum was held from
22nd- 24th September 2014 at The Landmark Hotel, London. The Forum brought
together an exclusive network of pensions & sovereign funds, central banks,
regulators & policy-makers, investment funds and asset managers, which took an
in-depth look at pensions & sovereign funds
investments, the institutional investing in Africa
private equity as well as future opportunities in
African Markets.
Gary Sharp, Head of London Representative Office
and Private Equity, was a key speaker at the forum,
focusing on future challenges of doing business in
the African Market.
From left to right: Ryan DeVries and Colin Grieve from
AfrAsia Bank South Africa Representatives Offices
The secondeditionof the “OffshoreBootcamp”, sponsored and co-hostedbyAfrAsia
Bank in collaboration with Discovery Life, was recently held in Cape Town, following
the first leg in Johannesburg. AfrAsia Bank South Africa Chief Representative
Officer, Colin Grieve and Ryan De Vries, AfrAsia Bank Cape Town Business Head,
were both present at the Westin Hotel at this event. During his presentation to
various independent financial advisors, Colin spoke about international banking,
Foreign Account Tax Compliance Act (FATCA) and future automatic exchange of
information agreements. The third phase of the “Offshore Bootcamp” will be held
in Durban at the end of October.
3
rd
Africa Pensions and Sovereign Investment Forum 2014
AfrAsia Bank’s strategic focus and business
model boost its operating profit by 49%.
Offshore Bootcamp
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06
AfrAsia Bank closed its seventh year of operations on a solid note
reporting a record operating profit and net income pre-exceptional
items and maintaining its robust growth in loans, assets and
deposits. Operating profit for the Bank reached MUR 506m for the
year ended 30 June 2014, a 49% increase on the previous year. The
strong increase in operating profit was driven by a 80% increase in
net interest income and a 86% increase in net trading income.
The Bank has grown significantly whilst pursuing regional expansion
across its core business lines of Corporate Banking, Private Banking
& Wealth Management and International Banking. Its strong growth
is derived partly from the level of service the Bank offers and the
unique competitive advantage the Mauritian market offers to
investors locally and internationally.
“AfrAsia Bank continues its ‘bank different’ strategy as we
gain strength while looking for opportunities to invest more
in African countries. Our figures prove once again the tenacity
and strong-will of our bank and we will continue to steer in
this direction,” comments James Benoit, AfrAsia Bank CEO.
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