MCB Group Ltd, owner of the second largest bank in Mauritius, now has a representative office of its wholly-owned Mauritius Commercial Bank Ltd (MCB) at the Dubai International Financial Center (DIFC).
The new subsidiary is entrusted to the banker Sebastian Graewert, appointed senior representative for the MENA and Asia regions, based in Dubai. Graewert is a former Credit Suisse, UBS and Indosuez.
“Establishing a presence in Dubai and getting Sebastian to join the firm is an important part of our international growth strategy,” said Alain Law Min, President and CEO of MCB in a statement released on Sunday.
Founded in 1838, MCB offers retail banking, corporate and institutional banking services, as well as private banking and wealth management services.
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