MCB Group Management

Management criteria checks 3/4

MCB Group's CEO is Jean-Michel Ng Tseung, appointed in Mar 2023, has a tenure of 1.67 years. total yearly compensation is MUR47.76M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.03% of the company’s shares, worth MUR33.12M. The average tenure of the management team and the board of directors is 9.2 years and 6 years respectively.

Key information

Jean-Michel Ng Tseung

Chief executive officer

MU₨47.8m

Total compensation

CEO salary percentage	100.0%
CEO tenure	1.7yrs
CEO ownership	0.03%
Management average tenure	9.2yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jean-Michel Ng Tseung's remuneration changed compared to MCB Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	MU₨17b
Jun 30 2024	MU₨48m	MU₨48m	MU₨16b
Mar 31 2024	n/a	n/a	MU₨16b
Dec 31 2023	n/a	n/a	MU₨15b
Sep 30 2023	n/a	n/a	MU₨15b
Jun 30 2023	MU₨36m	MU₨36m	MU₨14b
Mar 31 2023	n/a	n/a	MU₨13b
Dec 31 2022	n/a	n/a	MU₨11b
Sep 30 2022	n/a	n/a	MU₨10b
Jun 30 2022	MU₨27m	MU₨27m	MU₨10b
Mar 31 2022	n/a	n/a	MU₨9b
Dec 31 2021	n/a	n/a	MU₨9b
Sep 30 2021	n/a	n/a	MU₨8b
Jun 30 2021	MU₨26m	n/a	MU₨8b
Mar 31 2021	n/a	n/a	MU₨8b
Dec 31 2020	n/a	n/a	MU₨6b
Sep 30 2020	n/a	n/a	MU₨7b
Jun 30 2020	MU₨29m	n/a	MU₨8b
Mar 31 2020	n/a	n/a	MU₨9b
Dec 31 2019	n/a	n/a	MU₨10b
Sep 30 2019	n/a	n/a	MU₨10b
Jun 30 2019	MU₨24m	n/a	MU₨9b
Mar 31 2019	n/a	n/a	MU₨8b
Dec 31 2018	n/a	n/a	MU₨8b
Sep 30 2018	n/a	n/a	MU₨8b
Jun 30 2018	MU₨22m	n/a	MU₨7b

Compensation vs Market: Jean-Michel's total compensation ($USD1.03M) is below average for companies of similar size in the MU market ($USD1.51M).

Compensation vs Earnings: Jean-Michel's compensation has increased by more than 20% in the past year.

CEO

Jean-Michel Ng Tseung (56 yo)

1.7yrs

Tenure

MU₨47,760,000

Compensation

Mr. Jean-Michel Ng Tseung serves as Non-Executive Director of Compagnie des Villages de Vacances de L'Isle de France Limitée since May 19, 2023. He served as Executive Director of The Mauritius Commercial...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jean-Michel Ng Tseung	CEO & Director	1.7yrs	MU₨47.76m	0.030% MUR 33.1m
Gilbert Gnany	Chief Strategy Officer & Executive Director	15.3yrs	MU₨25.92m	0.16% MUR 180.8m
Dipak Chummun	Group CFO & Executive Director	less than a year	no data	no data
Vincent Chatard	Chief Operating Officer	9.2yrs	no data	no data
Ting Fook Wong	Head of Accountancy and Manager	no data	no data	no data
Roselyne Lebrasse-Rivet	Head of Legal and Manager	no data	no data	no data
Stephanie Ng Tseung-Yue	Head of Marketing and Manager	no data	no data	no data
Eddy Jolicoeur	Head of Group Human Resources and Chief Manager	16.3yrs	no data	no data
Jean Philippe De Murville	Group Chief Engineer and Senior Manager	no data	no data	no data
Alain Min	CEO & Director of The Mauritius Commercial Bank Ltd	no data	no data	no data
Marivonne Oxenham	Company Secretary	no data	no data	no data
Jovanna Prefumo-Monty	Head of Treasury	no data	no data	no data

9.2yrs

Average Tenure

61yo

Average Age

Experienced Management: MCBG.N0000's management team is seasoned and experienced (9.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jean-Michel Ng Tseung	CEO & Director	8yrs	MU₨47.76m	0.030% MUR 33.1m
Gilbert Gnany	Chief Strategy Officer & Executive Director	10.6yrs	MU₨25.92m	0.16% MUR 180.8m
Dipak Chummun	Group CFO & Executive Director	less than a year	no data	no data
Alain Min	CEO & Director of The Mauritius Commercial Bank Ltd	no data	no data	no data
Alfred Joseph Gerard Robert Rey	Non-Executive Independent Director	9yrs	MU₨522.00k	0.0030% MUR 3.3m
Stephen Davidson	Independent Non-Executive Director	3.9yrs	MU₨1.24m	no data
Karuna Bhoojedhur-Obeegadoo	Non-Executive Independent Director	9yrs	MU₨1.26m	no data
Jean-Philippe Coulier	Independent Non-Executive Director	3.9yrs	MU₨1.63m	0.054% MUR 60.3m
San Singaravelloo	Independent Director	6yrs	MU₨1.20m	0.0020% MUR 2.2m
Georges Michael Lising	Independent Director	6yrs	MU₨880.00k	0.029% MUR 32.8m
Constantine Chikosi	Independent Director	5yrs	MU₨713.00k	no data
Jayananda Nirsimloo	Independent Chairperson	2yrs	MU₨1.62m	no data

6.0yrs

Average Tenure

64yo

Average Age

Experienced Board: MCBG.N0000's board of directors are considered experienced (6 years average tenure).

MCB Group Management

Management criteria checks 3/4

Key information

Recent management updates

MCB Group Limited, Annual General Meeting, Nov 15, 2024

MCB Group Limited, Annual General Meeting, Nov 17, 2023

MCB Group Limited Announces Executive Changes

MCB Group Limited, Annual General Meeting, Dec 09, 2020

Recent updates

First quarter 2025 earnings released: EPS: MU₨18.85 (vs MU₨14.27 in 1Q 2024)

Upcoming dividend of MU₨13.50 per share

MCB Group Limited, Annual General Meeting, Nov 15, 2024

Full year 2024 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of MU₨9.50 per share

Dividend of MU₨9.50 announced

Price target increased by 11% to MU₨581

Second quarter 2024 earnings released: EPS: MU₨16.74 (vs MU₨15.99 in 2Q 2023)

Upcoming dividend of MU₨11.75 per share at 6.9% yield

MCB Group Limited, Annual General Meeting, Nov 17, 2023

New minor risk - Shareholder dilution

Full year 2023 earnings released: EPS: MU₨57.67 (vs MU₨40.14 in FY 2022)

Upcoming dividend of MU₨8.50 per share at 5.1% yield

Third quarter 2023 earnings released: EPS: MU₨16.69 (vs MU₨9.66 in 3Q 2022)

Second quarter 2023 earnings released: EPS: MU₨15.99 (vs MU₨11.10 in 2Q 2022)

Price target increased to MU₨521

MCB Group Limited Announces Executive Changes

Upcoming dividend of MU₨8.00 per share

MCB Group Limited Declares Final Dividend for the Financial Year Ended 30 June 2022, Payable on or About 22Nd December 2022

Upcoming dividend of MU₨5.90 per share

MCB Group Limited to Report Nine Months, 2022 Results on May 19, 2022

Price target increased to MU₨481

Second quarter 2022 earnings: EPS misses analyst expectations

First quarter 2022 earnings released: EPS MU₨9.35 (vs MU₨8.05 in 1Q 2021)

Upcoming dividend of MU₨9.50 per share

Full year 2021 earnings released: EPS MU₨33.51 (vs MU₨33.10 in FY 2020)

Upcoming dividend of MU₨7.25 per share

New 90-day low: MU₨227

Second quarter 2021 earnings released: EPS MU₨7.77 (vs MU₨11.53 in 2Q 2020)

Hightech Payment Systems S.A. (CBSE:HPS) signed an definitive agreement to acquire remaining 80% stake in ICPS from MCB Group Limited (MUSE:MCBG.N0000).

MCB Group Limited, Annual General Meeting, Dec 09, 2020

New 90-day low: MU₨205

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age