January 26, 2011 -- The President has appointed a new Board of Directors for the Seychelles International Mercantile Banking Company, SIMBC, known locally under the trading name Nouvobanq, following the expiry of the term of office of the previous board on 6th January 2011.Â
The new Board of Nouvobanq will be chaired by Mohammed Afif, who is currently Secretary of State for Cabinet Affairs in the Office of the President.
Ahmad Saeed will remain the managing director and CEO of the Nouvobanq.
The other Board Members are Anil Dua, representing the Standard Chartered Bank which holds shares in Novobanq, Panos Papakokinos, Ms. Marie-Pierre Lloyd and Patrick Payet.
The appointments are effective for two years.