International Banking Division

Mauritius has a wide network of double taxation treaties with emerging economies in Africa and Asia. These treaties offer attractive opportunities for offshore companies and international and limited life companies which are incorporated in Mauritius. These companies may operate administrative headquarters, re-invoicing centers, trading offices or even distribution outlets within the vibrant Mauritius Freeport.

Our International Banking Division caters for the banking needs of non-residents who have economic interests outside Mauritius. The customer profile includes, amongst others, high net worth individuals, foreign institutional investors, offshore trusts, investment funds, venture capital funds and mutual funds. Barclays in Mauritius also offers cash custody services tailored to meet the needs of fund managers in this respect.

The corporate vehicles available to carry global business activities from within Mauritius are companies holding a category 1 Global Business Licence (GBC1), companies holding a Category 2 Global Business Licence (GBC2). Other entities available are trust, protected cell companies, limited partnerships and Global Funds.
International Banking Division is divided in different sub-departments:

International Banking Division is divided in different sub-departments:

1) Global Business Clients

Our team is the main point of contact for management companies. We deliver a relationship proposition that adds value at all levels of contact and acts as the single gateway team into Barclays and the wider group.

2) Corporate Clients

We are a dedicated team who serve corporate clients operating globally;

• incorporated in Mauritius as Global Business Companies or
• international companies incorporated or based in a countries other than Mauritius ,
• multinational companies (MNCs),
• Special purpose vehicles (SPVs) based in various offshore jurisdictions.

We offer a range of services and products to companies:

• Credit facilities -   short term loans and working capital finance, medium and long term loans in a variety of sectors

• Structured financing

• Foreign exchange and derivative

• International trade instruments- LC issuance, guarantees, bill discounting and documentary collections

• Syndicated Loan Market. Participation in Syndicated loan market by actively seeking transactions in London/Far East /Africa 

• Escrow account services

3) Private clients

Our dynamic team is committed to provide a personalized dedicated service to private clients. The target market consists of non resident individuals including but not limited to:

• Directors of companies (GBLC 1,2 and any other SPV)
• Shareholders of these companies
• Settlors and/or beneficiaries of trusts
• Individuals wishing to set up accounts for confidentiality reasons.
• Employee accounts

What they offer:

• Term Deposits
• Structured Deposits
• Bonds
• Structured Notes (Capital guaranteed or partial capital guaranteed)
• Investments in international listed stock markets

Financing opportunities:

• -Loans, Guarantees etc
• -IRS Financing (Tamarina, Villa Val Riche, Anahita) etc

4) Securities Services

Our team has established itself as the leading provider of tailored custody and securities administration services to both local and international institutional investors in Africa.

 Client base:

• Banks
• Fund Managers
• Mutual and Pension Funds
• Stockbrokers/Dealers
• Insurance Companies

Markets Covered:

• Botswana
• Egypt
• Ghana
• Kenya
• Mauritius
• Uganda
• South Africa
• Tanzania
• Zambia
• Zimbabwe

We have an extended Africa reach through Agent Network to:

• Cote d’Ivoire
• Malawi
• Morocco
• Namibia
• Nigeria
• Tunisia.

The Services we offer:

• Settlement of securities trades.
• Safekeeping and registration of the securities.
• Nominee facility.
• Income collection.
• Corporate Actions management.
• Proxy voting services.
• Reporting.
• Allied banking and foreign exchange requirements.
• Comprehensive tailored client reporting.
• Global Custody outreach where regulations permit

We are committed to the development of a sophisticated securities and custody service in Africa's emerging markets. Our services are offered on either a direct operational basis or via an agent network.

5) Account Opening Team

We have a dedicated team driving the account opening process. At the dawn of this new business era, where customers are becoming more sophisticated in their needs and with an ever growing expectation, our account opening team understand the dynamics to be more customer-oriented, strengthening our procedure with the implementation of new processes such as Lean to reduce waste and ultimately delight customers.

6) Transaction Services Unit

Our team provides the execution of All payment instruments as per your request within the international standard time-frame of two business days. This service is provided in all the major trading currencies and facilitated through the Global Swift Network.

Our major products and services we offer include:

• International Money Payments
• Multi-Currency Cheque Book
• Fixed Deposit
• Foreign Exchange and Derivatives Transactions
• Investments in International Securities
• Structured Investments
• Securities Services
• International Trade Instruments
• US Dollar and EURO Deferred Debit Cards
• Internet Banking for Corporate Customers.

The site can be accessed at www.integrator.barclays.com

For more information, please email us at lindsay.antonio@barclays.com

Yashodaren Umanee                                   
Director                             
E-mail: yashodaren.umanee@barclays.com

Pieter Van Der Merwe
Deputy Director and Head of Sales
E-mail:pieter.van-der-merwe@barclays.com

Vikram-Singh Ramdaursingh 
Head of Private Clients
E-mail : vikram-singh.ramdaursingh@barclays.com

Kushal Bajnathsingh
Account Opening Manager
E-mail : Kushal.bajnathsingh@barclays.com

Prochi Sookun
Head of Securities Services
E-mail: prochi.sookun@barclays.com
Tel:  230 403 05 20

Mario Elliah
Head of Transaction services Department
E-mail: mario.elliah@barclays.com
Tel: 230 4030530.

Contacts for outward payments department are:

Ebrahim Atcha
(E-BOX and Barclaytarde Issues)
E-mail: ebrahim.atcha@barclays.com
Tel 230 4030543

Sunil Seewooruttun
(Swift Issues)
E-mail: sunil.seewooruttun@barclays.com
Tel: 230 4030571

Veeraj Soomary
Inward Payments
E-mail: veeraj.soomary@barclays.com
Tel 230 4030537 
                  
International Banking Division           
6th Floor, Harbour Front Building       
President John Kennedy Street                     
Port Louis, Mauritius

E-mail: barobumau@intnet.mu
Tel: 230 2071960
Fax: 230 2084095/212 4448/ 2119350

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