About Us

Discover MPFE

About Us

Overview of MPFE Activities

Company Overview

The Mauritius Post Foreign Exchange Co. Ltd (MPFE) was incorporated as a private company limited by shares on the 26 October 2017, with the Mauritius Post Ltd (MPL) as its sole shareholder. The motive for initiating this company was to offer Foreign Exchange Services to the public in Mauritius. In this context, the MPFE applied for a Foreign Exchange Dealer’s License and same was eventually approved and granted by the Bank of Mauritius in December 2017 after adhering to the set of Criterion imposed by the latter.

As a Foreign Exchange Dealer, the Company is authorized to offer Money Transfer, Money Exchange and Wire Transfer Services at its dedicated Outlets of Post Offices. The Company’s main focus is on Customer Centricity, ensuring that customers are being provided with good quality of service and satisfaction at all levels. In addition, as an ease of accessibility to all prospective customers, the MPFE is ensuring its presence in all regions of the Mauritius, and be closer to their doorstep.

MISSION

To be recognized as a “Best in Class” provider of foreign exchange services in the region.

VISION

To be the Foreign Exchange Dealing Company that best addresses customer needs in terms of quality, competitive pricing and enhanced accessibility.

VALUES

  • We value Integrity, Honesty and Team work.
  • We embrace change, technology and innovation.
  • We recognise and reward individual contributions.
  • We embrace diversity in the way we conduct business.
  • We aim to contribute positively to our community and environment through CSR programs.
  • We have a passion and commitment towards our customers and will meet their specific needs through excellent service.

MPFE Management Team

Mr. Jayram Naggea - Managing Director
Mr. Naggea Jayram (Holder of ACIB & MBA General)
Managing Director

Mr. Jayram Naggea brings 38 years of experience in the financial services sector, having held management and senior management positions throughout his career. Beginning his professional journey as a Branch Manager, he developed a strong foundation in operational management, business leadership and strategic planning.

 

As Managing Director of Mauritius Post Foreign Exchange Co. Ltd, Mr. Naggea leads the Company’s strategic direction and business development. His pragmatic approach and commitment to organisational excellence guide the Company’s continued growth, with a focus on strengthening operations, enhancing service delivery and pursuing sustainable business opportunities.

Kevin Ramdeal - Finance Manager
Mr. Kevin Ramdeal (FCCA)
Finance Manager

Kevin Ramdeal joined MPFE in September 2025, bringing 14 years of experience in finance, accounting and administration, including a decade in management and senior management roles. His career spans the hospitality, ICT and financial services sectors, providing him with a broad understanding of business operations. He draws on this experience to support MPFE’s financial management, operational efficiency and strategic objectives.

Kevin is a Fellow of the Association of Chartered Certified Accountants (FCCA), holds a degree in Law and Management and is currently pursuing a Master of Business Administration (MBA).
Anup Ramprosand - Compliance Officer
Anup Ramprosand (Holder of BSc Hons Banking with International Finance and MBA General)
Compliance Officer

An experienced and proactive professional with over 11 years of experience in Compliance and Anti-Money Laundering (AML), he brings extensive knowledge of regulatory compliance, risk management and financial crime prevention. Since joining Mauritius Post Foreign Exchange Co. Ltd in November 2018, he has remained committed to safeguarding the integrity of the Company’s operations and promoting a strong culture of compliance.

In his role as Compliance Officer and Money Laundering Reporting Officer (MLRO), he oversees adherence to applicable AML/CFT laws, regulatory requirements and internal procedures. His work supports sound governance, effective risk management and compliance with the requirements of the Bank of Mauritius and other relevant regulatory authorities in Mauritius.

B.R. Ravish Jagesur - Operations Officer
B.R. Ravish Jagesur (Holder of BSc Hons Financial Services with Law and MBA General)
Operations Officer

Mr. B. R. Jagesur brings nine years of experience in finance, administration and marketing gained at Mauritius Post Ltd, the parent company of Mauritius Post Foreign Exchange Co. Ltd. Since joining MPFE as Operations Officer in 2021, he has played an active role in strategy formulation and implementation, operational coordination and administrative management.

 

His responsibilities also encompass project development and management, including the planning, coordination and implementation of initiatives that support the Company’s expansion and service enhancement. He works closely with internal teams and external stakeholders to ensure projects progress effectively and align with the Company’s strategic objectives.

 

With a practical approach and a strong commitment to service excellence, Mr. Jagesur supports the smooth and efficient running of the Company’s operations and the delivery of its business development initiatives.

MPFE Board Members

Ashwin Soonarane - Chairman

Mr. Ashwind Soonarane
Independent Director, Chairman

Ashwind G. Soonarane ("Ashwind") brings 25 years of experience, of which a decade at C-level within the financial services sector, to the MPFE. He has predominantly built his career in the UK within firms targeting global financial institutions and corporate entities transacting eFX (electronic foreign exchange), crypto-currencies and stablecoins.

Having been a founder director of two financial technology companies based in the UK, Ashwind has played mission-critical roles in the implementation of sound governance, leading initiatives of varying nature and objectives, devising key processes at all organisational levels, translating complex concepts into easy-to-process information in view of securing equity investment which include two successful rounds of crowdfunding, managing global business development and key stakeholder relationships, and mentoring cross-border teams operating on a 24/5 basis without incident.

In particular, Ashwind has a deep understanding of trade matching through an Electronic Communication Network (ECN) and on a matched-principal basis, which entail the navigation of complex legal frameworks in respect of Prime Broker setups, transaction "give-ups", and establishing trading limits via credit intermediation.

Moreover, he has expert knowledge of ultra-low latency price distribution and trade execution engines, of managing global and site-specific Net Open Position limits and market risks across trading platforms, of developing analytical strategies for achieving optimal eFX order fill execution and response time, of carrying out trade forensic analysis, of ensuring that transactions are matched via Straight-Through Processing for clearing and settlement, of managing the technical integration via Financial Information Exchange (FIX) Application Programming Interface (API) over fibre cross-connect with market makers and liquidity takers.

Ashwind holds a Master of Business Administration degree, an MSc Financial Management degree, and a B.Eng (Hons) Mechanical Engineering degree. He has also completed the Diploma of the Society of Technical Analysts in the UK, and is further aiming to complete his LLB (Hons) degree by mid-2028.

Anil Seeruttun

Mr. Premchand (Anil) Seeruttun, G.O.S.K.
Non-Executive Director

Mr Premchand Seeruttun, G.O.S.K., is an experienced leader with a distinguished career spanning education, institutional leadership, public service and administration. He currently serves as the Chief Executive Officer of Mauritius Post Ltd and as a Director on the Board of Mauritius Post Foreign Company Limited (MPFE), the international business arm and subsidiary of Mauritius Post Ltd. He brings to the Board a broad perspective shaped by his extensive experience in leadership, management, stakeholder engagement and organisational development.

Mr. Seeruttun began his professional career in the education sector after completing his Bachelor of Science degree in Chemistry, Physics and Mathematics at Punjab University, India, in 1982. He subsequently obtained a Postgraduate Certificate in Education (PGCE) in Physics from the Mauritius Institute of Education in 1987. He served as a Mathematics and Physics teacher and later became Head of the Physics Department, a leadership position he held for more than two decades. His long experience in education strengthened his capabilities in team leadership, mentoring, administration and institutional management.

Throughout his career, Mr. Seeruttun has also been actively involved in community and national service, undertaking various leadership and organisational responsibilities. These experiences have provided him with a strong understanding of stakeholder relations, governance, teamwork and the importance of effective leadership in achieving organisational objectives.

As Chief Executive Officer of Mauritius Post Ltd, Mr. Seeruttun is leading the organisation at an important stage of transformation, with a focus on strengthening operational performance, developing new business opportunities, embracing innovation and positioning Mauritius Post as a modern, customer-focused and financially sustainable organisation. In his capacity as a Director of MPFE, he contributes his leadership experience and strategic perspective to the Company's international business development and growth.

Recognised for his longstanding contribution to national and community service, Mr. Seeruttun was awarded the Grand Officer of the Order of the Star and Key of the Indian Ocean (G.O.S.K.). His diverse experience, commitment to public service and strong leadership ethos continue to guide his contribution to Mauritius Post and to the strategic development of MPFE.

Mr. Jayram Naggea - Managing Director

Mr. Jayram Naggea
Executive Director

Mr. Jayram Naggea brings 38 years of experience in the financial services sector, having held management and senior management positions throughout his career. Beginning his professional journey as a Branch Manager, he developed a strong foundation in operational management, business leadership and strategic planning.

As Managing Director of Mauritius Post Foreign Exchange Co. Ltd, Mr. Naggea leads the Company’s strategic direction and business development. His pragmatic approach and commitment to organisational excellence guide the Company’s continued growth, with a focus on strengthening operations, enhancing service delivery and pursuing sustainable business opportunities.

Fadiilah Bodheea

Ms. Fadiilah Bodheea
Non-Executive Director

Miss Bibi Fadiilah Bodheea is currently serving as the Acting Deputy Permanent Secretary within the Ministry of Information Technology, Communication and Innovation Her duties involve assisting with administrative oversight, e-governance policies, and digital services initiatives. She holds a degree in Chemical and Renewable Energy Engineering from the University of Mauritius.

Ms Bibi Fadiilah Bodheea joined the service in 2014 as Management Support Officer and was promoted to the grade of Assistant Permanent Secretary in 2017. Since then, she is posted at the Ministry of Information Technology, Communication and Innovation.

Nandinee Meetarbhan

Mrs. Nandinee Meetarbhan
Independent Director

Nandinee (Kiran) Meetarbhan is a senior legal, regulatory and institutional leader with approximately 30 years of experience spanning financial services, corporate governance, regulation, competition law, public policy and strategic advisory. She has held senior leadership positions within major regulatory and public institutions in Mauritius and has extensive experience advising both public- and private-sector organisations on governance, legal, regulatory, compliance and strategic matters.

She previously served as Executive Director of the Competition Commission of Mauritius, where she was responsible for the Commission's operations, institutional strategy and stakeholder relations, and oversaw major investigations, merger reviews and competition enforcement matters. She also served as Deputy Executive Director and Chief Legal Adviser of the Commission and represented Mauritius in international forums including the OECD, International Competition Network, SADC, COMESA and the African Competition Forum.

Earlier in her career, she held senior positions at the Financial Services Commission, where her responsibilities included the supervision and regulation of insurance, pensions and other non-banking financial institutions, together with AML/CFT, compliance, policyholder protection and regulatory investigations. She has also advised the Ministry of Finance on financial services, taxation, AML/CFT, international trade and legislative reform.

Ms Meetarbhan currently practises as a barrister and international consultant, advising financial institutions, regulated entities, public bodies and international organisations on corporate governance, financial-services regulation, risk and compliance, investment structures, mergers and acquisitions and strategic matters. She is also a consultant to the World Bank and a trainer for the Mauritius Institute of Directors.

She has significant board and international leadership experience and currently as a non-executive director of several global business companies. Her international leadership roles have included Co-Chair of an International Competition Network Working Group and Vice-Chair of the African Competition Forum.
Ms Meetarbhan holds a Bachelor of Laws (Honours) and a Master of Business Administration and is a qualified Barrister-at-Law.

Myrna Suntoo

Ms. Myrna Suntoo
Independent Director

Myrna Suntoo is a Barrister-at-Law with experience in litigation, legal advisory, corporate and regulatory matters. She was admitted to the Bar of England and Wales in 2021 and called to the Mauritian Bar in September 2022. She is a member of the Honourable Middle Temple Inn of Court of the UK as well as a member of the Mauritius Bar Association.

Based in Port Louis, Myrna practises independently, with a broad practice covering criminal, civil, commercial, corporate, family, land and real estate matters. Her work includes advocacy before the Mauritian courts, legal drafting, advisory work, contractual matters, regulatory issues and dispute resolution.

She has also served as Chairperson and Panel Member of disciplinary committees, developing further experience in governance, professional conduct, procedural fairness and evidence-based decision-making.

Myrna is committed to professional integrity, sound governance and practical, commercially aware legal advice. She brings to board and advisory roles an independent legal perspective and a broad understanding of regulatory, commercial and institutional considerations.

Yuvti Ramdhun

Ms. Yuvti Ramdhun
Independent Director

A Barrister-at-Law with experience across civil, criminal, corporate and commercial matters. Her areas of expertise include contract drafting and negotiation, particularly in aviation finance and cross-border transactions, legal research, risk assessment and dispute resolution.
Her background includes several years in the public sector, where she developed strong skills in administration and coordination, followed by legal experience in commercial and corporate matters.
She holds a Bachelor of Laws with Honours and is admitted to the Mauritian Bar.

MPFE Compliance Team

Anup Ramprosand
Compliance Officer
Keshree Nowlotha Nunkoo
Compliance Assistant
Chetna Ramlagun
Management Support Officer (Compliance)

MPFE Finance Team

Kevin Ramdeal
Finance Manager
Lovin Gopeechund
Senior Finance Officer
LUCIE MARIE ANNE SOOKLALL COTTE
Finance Officer
SUPRIYA HEERAH
Finance Officer
Back to top