Mr Jaywant Pandoo joined the Development Bank of Mauritius Ltd(Holding company) on 20 April 2020 as Managing Director after a successful career spanning some 37 years at the Bank of Mauritius. He was subsequently entrusted to spearhead the operations of the DBM Financial Services Ltd. At the international level he was, until March 2020, a member of the Board Audit Committee of the International Islamic Liquidity Management Corporation which is headquartered in Malaysia. At the Bank of Mauritius, he has headed different departments since 2001, namely: • The Financial Stability and Risk & Product Control Department where he was responsible for ensuring the financial stability in the banking sector. He was also in charge of the Enterprise Wide Risk Management Function as well as the IT security at the Bank of Mauritius. • He has also headed the Accounting & Budgeting Department, entrusted with the responsibility of formulating and implementing policies in respect of the accounting and management of the foreign reserves of Mauritius, the domestic money and foreign exchange markets, open market operations and public debt management. Within the Finance function he was in charge of the preparation of the financial statements and the budgets of the Bank.. • As Head of the Financial Markets Division, he has chaired various committees with Treasurers of banks. At the level of the Bank, he was also the Chairman of the Islamic Task Force and was a regular contributor to the Monetary Policy Committee. Mr Jaywant Pandoo is a fellow of the Association of the Chartered and Certified Accountants (FCCA), Glasgow, UK, and holder of a master’s (MSc) in Banking and Finance. Mr. Jaywant Pandoo has also co-authored a paper of the Bank of International Settlements on “Strategic Asset Allocation for the Management of Foreign Exchange Reserves by Central Banks”.
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