Investec Bank (Mauritius) Limited (“the Bank”) was established as a wholly owned subsidiary of Investec Bank Limited in 1997. Initially the Bank focussed on structured finance transactions and then broadened its focus to cover a wider range of products, including property finance into most geographical regions where the Investec group has a footprint. Since being established, the bank has become recognised as one of the leading international banks in Mauritius. The bank and its subsidiary employ a team of 87 staff and has an efficient and profitable business operating in compliance with regulatory standards and banking practices both in Mauritius and in South Africa. The bank embraces the Investec group's strategic goals and objectives, which are based on the aspiration to be recognised as a distinctive specialist banking group and asset manager. This distinction is embodied in an entrepreneurial culture which is balanced by a strong risk management discipline, client-centric approach and the ability to be nimble, flexible and innovative. An essential pillar of the bank’s operating philosophy is that it does not seek to be all things to all people. The bank’s core philosophy has been to build a well-defined, value-added business, focused on serving the needs of select market niches where it can compete effectively. The bank’s specialised services in cross border transactions are complemented by dedicated personal service, competitive rates and distinctive products. Mauritius offers a convenient time zone with no exchange control or withholding taxes for non-residents.