Sunil Benimadhu has been in office as Chief Executive of the Stock Exchange of Mauritius (SEM) since May 1998 after having held various positions in the Securities Industry. He has played an instrumental role in uplifting the operational, technical and regulatory infrastructure of the SEM and contributed to its emergence as one of the leading Exchanges in Africa. Sunil is the Chairman of Global Finance Mauritius, the apex body of private sector operators in the Financial Services Industry in Mauritius.
Sunil was elected in October 2014 for a three-year term on the Board of the World Federation of Exchanges (WFE), an association of the World’s leading Stock Exchanges. Sunil was the President of the African Securities Exchanges Association (ASEA) an association of 23 Exchanges operating on the continent, from August 2010 to November 2014. He was a member of the Executive Committee of the South Asian Federation of Exchanges (SAFE), and the Chairman of the SADC Committee of Stock Exchanges (COSSE). Sunil is a regular speaker on emerging markets and on African markets in international stock exchange conferences.
Before joining the Stock Exchange of Mauritius, Sunil Benimadhu worked in the Treasury Department of the African Development Bank (ADB) from February 1997 to April 1998, where he managed the Bank’s assets on international fixed-income markets. Sunil Benimadhu was the General Manager of the National Mutual Fund Limited between December 1992 and February 1997. He played an instrumental role in the structuring, marketing and setting up of the National Investment Trust Limited, one of the largest investment trusts listed on the Stock Exchange of Mauritius.
Sunil Benimadhu holds a MBA in Finance and Investment from the University of Illinois, United States. He also holds a D.E.A in Development Economics and a Maîtrise in Macro-Economics from the University of Aix-Marseille, France.