AfrAsia Bank appoints Vishal Joyram as new Chief Executive

AfrAsia Bank Limited has appointed Vishal Joyram as its new Chief Executive Officer, effective October 2. He succeeds Thierry Vallet, who has stepped down after steering the bank through a period of strong growth.

Olivier Jauffret, Chairperson of AfrAsia Bank, said the board had “full confidence” in Vishal Joyram’s ability to drive the bank’s next phase of expansion. “Vishal Joyram is a seasoned professional in the banking and finance sector whose deep expertise will be instrumental in leading the Bank into its next phase of growth,” Olivier Jauffret noted, while paying tribute to Thierry Vallet’s leadership and contribution to the bank’s success."

Vishal Joyram brings more than two decades of experience in global markets, treasury and wealth management. He has held senior roles in a leading African and international financial services group, where he contributed to growth strategies across multiple regions. He also served as Vice-Chairman of the Stock Exchange of Mauritius and has a track record of engagement with regulators and central banks on complex matters including foreign exchange markets, interest rate policy and risk frameworks.

Educated in France, Vishal Joyram holds a Global Executive MBA from INSEAD and a Master’s degree in Economics, specialising in banking and monetary policy, from the University of Paris Dauphine.

Commenting on his appointment, Vishal Joyram said he was “enthusiastic to lead AfrAsia Bank at such a pivotal time” and described the role as “a unique opportunity to shape a forward-thinking, resilient and client-centric bank.” He praised the institution’s culture and said he looked forward to “steering the Bank into its new chapter of growth.”

The appointment coincides with AfrAsia Bank’s 18th anniversary. Established in 2007, the bank has grown into a systemic player in Mauritius, with operations spanning private banking, corporate banking, global business, wealth management and treasury services. It serves clients in over 160 countries and positions itself as a bridge between Africa, Asia, Europe and global markets.

AfrAsia’s international presence is reinforced by its principal shareholder, The Access Bank UK Limited, a pan-African financial services provider headquartered in London with operations in Paris, Malta, Dubai and Hong Kong.