The board of the Emerging Africa Infrastructure Fund is responsible for ensuring that the Fund operates in accordance with its constitution and that its policies and behaviours meet the high standards expected of a leading international financial services business with an economic development remit. It also provides consistency and alignment with the objectives and mission of PIDG Ltd.
Patrick is Chair of the Board of the Emerging Africa Infrastructure Fund (EAIF), and is a Director of PIDG Ltd and a member of its Risk and Credit Committees. He is an Independent Non-Executive Director of FBN Bank (UK) Limited, the regulated UK banking subsidiary of the First Bank of Nigeria Limited; the Chair of the Caxton Trust, a UK educational charity operating under the name of Catch Up; and a Trustee and the Honorary Treasurer of the Artists’ General Benevolent Institution.
Patrick held various positions over twenty-six years with Morgan Grenfell and with Deutsche Bank including as Global Head of Project and Export Finance. At Standard Bank he led the fund management team for EAIF for the two years of its existence from 2002. He was the Chief Executive and Accounting Officer for UK Export Finance, the government department that acts as the UK’s official export credit agency, between 2004 and 2012. He then became Chief Executive of Charity Bank, the regulated UK social purpose bank specializing in lending to the charity and voluntary sectors, until 2018.
Cyril is a Chartered Accountant with a first class honours degree in physics from the University of Manchester. He worked first in London with KPMG before returning to his native Mauritius where he developed a career with large global corporations and in banking.
He held senior management roles in Barclays Bank Mauritius as Finance Director, Chief Compliance and Risk Officer and finally as Executive Vice Chairman. He is currently a non-executive director of the bank and chairman of its audit committee. Cyril is also a non-executive director in a number of other companies.
Patrice Maveyraud joined EAIF’s board in September 2017. He is an international banker who has held senior positions with leading banks in Africa, the Middle East, Asia, North and Central America. Born and educated in France, he now lives permanently in Africa.
Patrice brings to EAIF broad and deep corporate finance experience, most notably in infrastructure project finance, syndicated lending, funds management, loans restructuring, operational risk, financial services supervision and treasury. In addition to his hands-on career in business and finance he held academic post at two leading schools.
His teaching and research work included a number of years as Professor of Finance at the European Business School and a lectureship at Université Paris-Dauphine He is a Non-Executive Director of EAIF’s sister company, GuarantCo and was a member of the Mauritius Financial Reporting Panel.
Kamal Taposeea has over 30 years professional experience in a broad range of sectors, including law, financial services, financial regulation, airlines, tourism, energy and steel. He is also a Non-Executive Director of GuarantCo, another member company of the Private Infrastructure Development Group. Before entering banking in 1985 with J P Morgan, he trained as a barrister at the Inner Temple, London. He is a member of the Mauritius Bar.
Kamal’s previous appointments saw him serve as a member of the Monetary Policy Committee of the Bank of Mauritius; non-‐executive Chairman of Air Mauritius; General Manager (Investment Banking Group) of Al Rajhi Bank in Saudi Arabia; Regional Managing Director at Standard Bank Mauritius; Managing Director at Barclays Bank PLC Mauritius and Commercial Director of Cedel Bank.
Layth Al-Falaki was appointed to the EAIF board in 2018, shortly after joining PIDG as Chief Risk Officer (CRO). Previously he was CRO at ICICI Bank UK, the European hub of India’s largest private sector bank. His ICICI responsibilities included credit, operational, market and liquidity risk as well as regulatory frameworks. Prior to this he was the CRO at the British Arab Commercial Bank, formerly part of the HSBC group.
Layth has had a 23 year career in banking and has in-depth experience of dealing in emerging markets. His experience includes trade services, operations, audit, marketing, correspondent banking and compliance. He has a bachelor’s degree in statistics and management science and a master’s degree in operational research from the London School of Economics and Political Science.