Gilbert Gnany Parts Ways with MCB in Bold Move

Gilbert Gnany, former Chief Economist and now non-executive director, has been unaffiliated with the Mauritius Commercial Bank (MCB) for some time now.

The latest issue of MCB Focus, which has not been published since March 1, 2023, was a special edition focusing on ways to propel the country’s potential growth to a higher level.

According to sources, the content may not have been well received by the government, which reportedly expressed its dissatisfaction to MCB.

The MCB Focus had predicted a growth “around 5%” for 2023 and “a decision was made by MCB management to put MCB Focus on pause.”

Known for his discreet nature, Gilbert Gnany has not commented on his departure or MCB until now.

Prior to his time at MCB, Gilbert Gnany worked in the executive board of the World Bank in Washington, D.C., where he was responsible for issues related to the International Finance Corporation and the private and financial sectors.

He had previously served as Chief Economist of the MCB group and Head of Strategy, Research & Development, after working as an economic advisor to the Minister of Finance in Mauritius.

Gnany had also been a member of the IMF advisory group for Sub-Saharan Africa, a member of the University of Mauritius senate, director of the Institute of Financial Services, and Chairperson of Statistics Mauritius until his resignation in July 2021.

Other significant disruptions are currently shaking up MCB. Mike Sophie, the Chief Human Resources Officer, is said to have recently taken an early retirement, while Jean Michel Félix, CEO of MCB Consulting and Director and Founder of the MCB Institute of Finance, as well as a board member of La Sentinelle, has been placed on garden leave following undisclosed allegations.

L’express has been unable to reach the main parties involved and/or they have declined to comment at this time.

Source: l’Express