CIEL Finance announces the appointment of Patrick Lee as Chief Executive Officer of MITCO Group Ltd (“MITCO”), a Trust and Corporate Services Group operating in the Global Business and Corporate Services. The company, whose first and main constitutive unit has been duly licensed by the Mauritius Financial Services Commission since 1993, is a subsidiary of CIEL Finance, which owns 63.28% stake in MITCO. MITCO Group accompanies and advises a large portfolio of local and international clients.

Commenting on this nomination, Marc-Emmanuel Vives, CEO of CIEL Finance said: “We are very happy to welcome Patrick Lee within our Group. He has a solid experience in the field, a very good knowledge of both European and African markets and a capacity for innovation which will undoubtedly enable him to lead the transformation projects underway at MITCO to improve and increase our service offerings”.

With a financial background, Patrick Lee has over 20 years of expertise in the Global Business sector and a solid track record as a leader. Prior to joining MITCO, he held the position of Managing Director of Estera Management (Mauritius) Ltd and Estera Trust (Mauritius) Ltd where he had been working since 2007. Patrick Lee will now head a team of 80 professionals who advise customers globally.

Commenting on his appointment, Patrick Lee added: “I am delighted and honoured by the trust placed in me by the shareholders to take over the management of a company that has built a solid reputation in the market. Our industry is changing rapidly, and I am happy to be given the opportunity to accelerate the transformation of MITCO, in terms of digitalisation, services and advice to support our clients’ needs. We will also work to increase synergies with the various companies of CIEL Finance to offer a unique and qualitative offer to all our partners”.