Mr Jaddoo is the new CEO
designate of the Mauritius Chamber of Commerce and Industry since 1st February 2013.
Chief Executive
He was until recently the CEO of Business Alliance, a Corporate Finance
and Investment Advisory boutique regrouping a team of highly skilled professionals
including lawyers, brokers, financial experts and corporate strategists. Their
combined expertise and experience obtained in operating in different economies
provided a real mix of talents and skills to assist in value creation for corporates as well as the public sector.The
group focussed on Mergers and Acquisitions, Fundraisings , Disposals , and
Project Management.
In his personal capacity and as the former Managing Director of the
Board of Investment of Mauritius , he is frequently called upon by the World
Bank and other Regional Organisations like SADC and COMESA to assist member
countries in improving their business climate and enhancing the service
delivery of their respective Investment Promotion Agencies. He has carried out
an assessment of the effectiveness of the
national investment promotion agencies for the 14 SADC countries. He recently
concluded a study for the World Bank which assessed the effectiveness of
Chinese economic zones in Africa.
As Managing Director of the Board of Investment from 2005 to 2010, Mr.
Jaddoo led the national investment promotion agency of Mauritius with the
primary objective of improving the national investment climate and in providing
policy advice to Government on investment promotion and facilitation. The
organization became the best practice
reference in Africa, bagging the WAIPA Award for Policy Advocacy in 2008 and
steering the implementation of reforms which paved the way for Mauritius to
receive the Leading Reformer in Africa by Doing Business Reformer’s Club in
November 2007 as well as the Doing Business Top Reformer (2005-2009). The World
Bank’s Global Investment Promotion Benchmarking 2009 quoted the organisation
under his leadership as a near OECD high-income country level agency.
Under the leadership of Mr. Jaddoo, the BOI was also responsible to implement in-depth reforms to
improve the Mauritian business climate. An on-going streamlining process
including several ministries and agencies is being driven by the BOI with the
result that Mauritius progressed from the 32nd position in the 2007 World
Bank’s Doing Business Survey to the 29th, 24th and 17th position in 2008, 2009
and 2010.
Mr. Jaddoo has also devoted his spare time serving initially as CFO and
subsequently as independent director on the Board of Directors of Titanium
Resources Group Ltd (TRG), a public company listed on the London Stock Exchange
and operating in the metals and mining industry. In this capacity, he has
raised finance in excess of US $200m from London, New York and other financial
centres, being responsible to interact with EU and New York hedge fund
managers, brokers and high-net-worth individuals..
Additionally, Mr. Jaddoo has served on the Board of Directors for
several mission-critical national public agencies, including the Land-Based
Oceanic Industry and the Highlands project. He was also on the COMESA RIA Board
of Directors, regrouping regional investment promotion agencies in eastern and
southern Africa.
PROFESSIONALQUALIFICATIONS:
- Qualified in the UK as Chartered Accountant (A.C.A) in
1989
- Fellow of the Institute of Chartered Accountants in
England and Wales since 2000
INDUSTRY EXPERIENCE:
- Government,
- Private Sector Development,
- Telecoms,
- Utilities and Energy,
- Aviation,
- Shipping
LANGUAGES: Fluent in English
& French
KEY RESPONSIBILITIES:
BOARD OF INVESTMENT
2005 to 2010: Managing Director
2005 to 2010: Managing Director
End-to-end organization of ministerial
Investment Promotion missions, including identification of targets, conception
of promotional materials, working with consultants on logistics, event rollout
and follow-up with potential leads for the following list countries:
- Europe: UK, France, North Ireland,
Switzerland, Sweden |
- Asia: India, China |
- Middle East: Dubai, Abu Dhabi, Saudi Arabia |
- North America: US, Canada |
- Africa: Egypt, South Africa, Madagascar |
- Australia |
Policy advocacy on
investment promotion and facilitation measures:
- Working committee for national budget measures
preparation
- Ad-hoc advocacy on investment climate projects
National representations:
- World Economic Forum
- National partner in the World Investment Report
- National partner for the World Bank Doing Business
Report
- US Trade and Investment Framework Agreement
- COMESA Regional Investment Agency
- SADC Working Committees on Trade and Investment
End-to-end Organisation of
the International Conferences on sectors of interest, including harnessing
interest of local private and public sector professionals, international
investors and specialists, liaising with vendors for venue logistics, event
rollout and post-conference feedback and follow-up:
- Organisation of the Euromoney Mauritius Conference in
London 2010
- Organisation of the International Private Equity
Conference Mauritius and the Internet Data Centre and the International
Outsourcing Conference in 2009
- Symposium on Financial Services, Information
Technology, Healthcare & Life Sciences, and Knowledge in 2008.
Leading the e-Regulations project
which involves the migration of all business permits applications and approvals
onto an online system for the Government of Mauritius.
Key Speaker
- CIBA Convention in South Africa
- National Association of Software and Services
Companies (NASSCOM) in India
- Bharatya Pravas Divas & GOPIO Investment
Conference in India
- African Growth and Opportunity Act (AGOA) in
United States of America |
- World Association of Investment Promotion
Agencies (WAIPA)
- COMESA Regional Investment Agency
- EuroMoney Conference, London
- South East Exchange Federation
- Keynote Speaker at International Fiscal Association
Conference |
Organisation Awards (Obtained
under the leadership of Raju Jaddoo)
- WAIPA Award for Policy Advocacy – 2008
- Leading Reformer in Africa (Doing Business Reformer’s
Club) – November 2007
- Doing Business Regional Top Reformer – 2005 -2009
TITANIUM RESOURCE GROUP LTD
July 2005 to March 2009: Chief
Financial Officer
March 2009 to November 2010:
Independent Director and chairman of audit committee
As the CFO and subsequently director of TRG, a
mining company with operations in the Republic of Sierra Leone and the
country's largest private sector employer which produces two commodities,
rutile and ilmenite for use in industrial applications, Mr. Jaddoo has raised
in excess of US $200m from London, New York and other places around the
world. He was responsible to seek
investments and finance from Hedge Fund managers, Brokers both in Europe and
New York, as well as with high net worth individuals and private equity
concerns.
PAST EXPERIENCE
Prior to his position as Managing
Director of the Board of Investment, Raju Jaddoo was involved in Business
consulting with a pan-African firm during which he has advised several
Mauritian and international companies on their financial strategies, which
included financial restructuring, recommending financing options, business
valuations, mergers, acquisitions, divestments, raising of financial resources,
and establishment and structuring of new ventures. As part of his portfolio of
clients in the firm Raju was the engagement partner for a series of high profile
assignments in the areas of Privatisation, Private Sector Development and
Sector Reforms, covering regulatory frameworks, governance and Impact
assessments.
He has led a number of
projects in the region providing a broad range of economic, financial, organisational
and socio-economic planning services to government and private industry. He has
been extensively involved in the past years on major infrastructure projects
advising on the finance side and assisting international industry experts in
formulating innovative strategies in the provision of public services by the
private sector (Public Private Partnerships, Executive agencies, Contracting
Out, Output based contracts) in diverse fields such as transportation and
logistics, the power sector, telecommunication, ports and airports, water and
sanitation and environmental solid waste management.
Raju has been extensively
involved in trade and investment facilitation and has carried out assignments
funded by UNDP, CDC, DEG amongst others.
He was recently involved as a key resource person in conducting
investment facilitation workshops covering over 14 African countries and 6 Asia
countries during the Africa Asia Business Forum (AABF II).
2004 to 2005: International
Development Partners, De Chazal Du Mee Group
Chief Executive
Heading a team of 6
partners and 50 professionals, Mr. Jaddoo advised several Mauritian and
international companies on their financial strategies, which included financial
restructuring, recommending financing options, business valuations, mergers,
acquisitions, divestments, raising of
financial resources, and establishment and structuring
of new ventures. His portfolio included a series of high profile assignments in
the areas of Privatisation, Private Sector Development and Sector Reforms,
covering regulatory frameworks, governance and Impact
assessments.
He was extensively involved
on major infrastructure projects advising on the finance side and assisting
international industry experts in formulating innovative strategies in the
provision of public services by the private sector (Public Private
Partnerships, Executive agencies, Contracting Out Output based contracts) in
diverse fields, including: such as transportation and logistics, the power
sector, telecommunication, ports and airports, water and sanitation and
environmental solid waste management.
Private and public sector
projects in various countries including Namibia, Kenya, Uganda, Chad, South
Africa, Botswana, Seychelles, Malawi, Ghana, Tanzania, Zambia, Kosovo, Senegal,
Mozambique, Reunion Island and Madagascar.
1998 – 2003 : De Chazal Du Mee, Development Consulting
1990 – 1995: De Chazal Du Mee, Financial Consulting
1995 – 1998 : De Chazal Du Mee Consulting
Technical Expertise
Private Sector Development
- Partner responsible for carrying out a privatisation impact study and a performance assessment of the privatisation agency for the President’s Office Planning and Privatisation - Republic of Tanzania. The assignment covered major sectors of the economy and was determinant in the continued privatisation strategy of the government (POPP —2003/04);
- Project partner to assist the Public Enterprises Evaluation and Privatisation Agency (PEEPA), Botswana, in the development of implementation frameworks for contracting out public services and the compilation of a privatisation database. The project encompassed the review of all parastatals and public enterprises within the country and appropriate recommendations were made in order to rationalise the number of Public enterprises (PEEPA-2002/ 03).
Utilities & Energy
Sector
- Local project director in a Consortium led by Arthur Andersen to provide technical assistance to the Government of Mauritius for the power sector reform programme (MPU - 2000/02).
Water & Sanitation
- Project director for a Consortium that included Severn Trent Water International in the production and development of a corporate plan for the Waste Water Management Authority for the period 2001-2006 (MPU-2001);
- Financial specialist advising the Ministry of Local Government in Mauritius on the national strategy of waste disposal and the feasibility of incineration options and development of sanitary landfills (GOM-2003).
Telecom Sector
- Local project director for a Consortium, regrouping Canadian Imperial Bank of Commerce (UK), Squire (UK), Sanders (UK) and Schema (US) advising the Mauritian Government on the disposal of 40% of the shares of Mauritius Telecom to a strategic investor. The transaction was successfully completed in November 2000 with the sale of 40% of the shares for the consideration of US $261,000,000 to one of the leading telecom operator in the world (MOF-1999/00);
- Involved in the management review for a mobile business organisation, Mauritius (MT-2000);
- Financial adviser to a mobile operator in respect of its proposed investment in Burundi for the setting up of a mobile GSM network (MT-2000);
- Assisted the national operator in formulating a business plan to support its bid for a GSM licence (MT-2001).
Aviation & Airport
Sector
- Member of a Consortium to advise the Privatisation Commission on the privatisation of Air Malawi (World Bank - 2001);
- Review of Uganda Airline Corporation in view of making a bid in connection with the privatisation of the airline by the Ugandan Government (MK -1998);
- Due diligence review of the assets of Air Mozambique in view of preparing a bid (MK -1997);
- Activity Based Management project to assess the effectiveness of outsourcing the cleaning and transport operations at Air Mauritius (MK-1998); and Quality Assurance Partner for the implementation of the cleaning and transport function for the national carrier (MK-1998);
- High spot review for Air Seychelles in view of organisational restructuring (AS-2001);
- On behalf of the United Nations Interim Mission in Kosovo, the financial, operational and strategic audit of Pristina airport for the years 1998 to 2002 (UNMIK-2002/03).
Port & Shipping
- Technical and operational study for the development of Freeport activities in Mauritius with international consortium including Hamburg Port Consulting (Germany), Segal Quince Wicksteed (UK) and Logion Logistics B.V (Netherlands) (FOM-1 995);
- Feasibility study for tuna transhipment operations in the Mauritius port area (FDM-1996);
- Local project director for a multi-disciplinary team, including Drewry Shipping Consultants and International Port Consulting for a tariff and concession study for the port authority and port operator (MPACHCL-1999);
- Project Advisor for the preparation of a human resources development plan and the review of organisational and salary structures within the Mauritius Port Authority (MPA-2001);
- Project Advisor for the valuation of the Cargo Handling Corporation Ltd (CHCL) and the identification of potential strategic partners (CHCL-2002).
Other Sectors
- Internal financial review assignments for corporate shareholders and for lending institutions, assessing project viability and identifying sources of finance;
- Appointed liquidator (by the Court) and receiver/manager (by lending agencies) on several occasions;
- Buying and selling of businesses for clients, from the preparation of Information Memorandum to identifying potential buyers, assisting in negotiation and in structuring the transaction;
- Development of Performance Measurement practices and programmes including balanced scorecard and shareholder value added (SVA).
PROFESSIONAL TRAINING
- Infrastructure Industries Reform & Regulation Management, Graduate School of Business, Cape Town (Module 1, 2002)
- Creative thinking training by the Singapore Institute of Management
- Centre for Professional Education (Arthur Andersen Training Center at St Charles, Chicago):
- Immersion Course I — Financial Consulting Skills (1990)
- Strategic Logistic Management (1991)
- Immersion Course II — Business Consulting (1993)
- Professional Workshops on Business Risk, Economic Value Added, Balanced Scorecard (Arthur Andersen training bootcamps in Mauritius)
PUBLICATIONS
AND CONFERENCE PRESENTATIONS
- Euromoney Mauritius Conference 2010, London;
- International Outsourcing Conference 2009, Mauritius;
- National Association of Software and Services Companies (NASSCOM) Conference in 2008 & 2009, India;
- COMESA Regional Investment Conference on Tourism in 2009, Luxembourg;
- UNDP Second Africa-Asia Business Forum in 2001, Mauritius.
