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K.C. Li

Chairman, SBM Holdings (State Bank of Mauritius)


Mr. K.C Li, Economist, is holder of a B.Sc.(Econ) from the London School of Economics and LLM in International Tax Law. He started his professional career in 1974 as a Lecturer in Public Finance at the University of Mauritius.


Afterwards, he held different prominent positions in the public sector, including Advisor to the Minister of Finance and Chairman of the Stock Exchange Commission. He launched the first Unit Trust and the first Property Fund in Mauritius in 1989.


K.C. LI was also Board member of the State Trading Corporation, the National Remuneration Board, the National Economic and Social Council and the University of Mauritius.


K.C. LI was an external lecturer for the University of Surrey School of Management (UK) and has published numerous reports and articles on cooperative banking, project management, development finance, structural adjustment and fiscal planning issues.


In 1992, Mr. Li started his own private consulting firm and served as Consultant to the United Nations Economic Commission for Africa (UNECA) and the U.N. Industrial Development Organization (UNIDO).


In 1993, he founded the Mauritius International Trust Co. Ltd (MITCO), one of the first professional firms licensed to provide international tax and investment advisory services in Mauritius.


He was also a Member of the Parliament of Mauritius (2010-2014) and sat on the Public Accounts Committee.


In 2015, Mr K.C Li was awarded the national honour of ‘Grand Officer of the Star and Key’ (GOSK) of the Indian Ocean by the Republic of Mauritius for distinguished services in the economic, social and political fields.


In May 2018, he was granted the ‘Lifetime Achievement’ Award by the Banker Africa for his outstanding contribution to the financial sector in Mauritius and in Africa.


He sits on the Board of Directors of several Emerging Markets Funds and Asia Hedge Funds, including Private Equity, Infrastructure and Real Estate Funds in Africa & Asia.


He is also a Board Director of the State Insurance Company of Mauritius (SICOM) and Afreximbank (based in Cairo), while being Chairman of SBM Bank (Kenya) Limited and Banque SBM Madagascar SA.


He is currently the independent non-executive Chairman of SBM Holdings Ltd (SBM Group), the 2nd largest banking group in Mauritius and a public listed company.

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