VICTORIA, Seychelles — The Office of the President has announced the appointment of the new board of the Development Bank of Seychelles (DBS). The chairperson of the board is Dick Labonte, and the deputy chairperson is Ashwin Bhanderi. The other board members are Jean Preira MD, ex-officio member, Philippa Samson, Lisa Lautee, Paul Savy, Julie Low, Thiong and May Paule Rabat.
The board members have been appointed for a three-year period effective March 14, 2025. The President also thanked the outgoing board members for the invaluable contributions they made to the Development Bank of Seychelles during their period of tenure in office. The announcement marks a key leadership change at one of the country’s main development finance institutions, with the new board expected to take forward the bank’s strategic priorities for the next three years.
The composition of the new board brings together a mix of public and private sector experience. The president’s office has not yet provided details of any policy priorities the new board is expected to pursue, but the appointments take effect from March 14, 2025.
