As a result of its geographic location close to Africa, time zone and extensive range of double tax agreements, Mauritius has become a desirable location from which to do international business particularly into Africa and India.
The Swiss franc was one of them until the Swiss National Bank unexpectedly abandoned the cap on the currency's value against the euro in January, causing it to appreciate sharply and hitting Swiss exporters in the process.
Team of journalists from 45 countries unearths secret bank accounts maintained for criminals, traffickers, tax dodgers, politicians and celebrities
BR Shetty, UAE-based industrialist, paid Dh45 million in 2005, to buy entire 100th floor
The move follows the successful launch into Singapore last year, when the group bought Janus Corporate Solutions, and is part of a wider strategy to grow the company into an internationally recognised corporate, funds and private client company.
"There is a serious talent gap problem because Asia, particularly China, has a lot of increasingly wealthy people who need private bank services," he said. "However, most private banks traditionally based their biggest teams in the US or Eu