(Business in Cameroon) - Cameroonian banker Mathieu Mandeng, managing director of Standard Chartered Bank Cameroon and president of Cameroon’s Professional Association of Credit Institution (APECCAM), will now be heading the Standard Chartered Bank subsidiary in Mauritius.

The transfer was revealed by the ‘’ Quotidien de l’Economie’’, a local newspaper, and confirmed by internal sources at the bank. The date for Mathieu Mandeng’s departure from Standard Chartered Bank Cameroon is still unknown.

Mathieu Mandeng has marked his passage, which started in 2012, at the Cameroonian subsidiary of Standard Chartered Bank with outstanding records. Indeed, in 2013, after delivering ‘’exceptional’’ results, the banking institution, with Mr. Mandeng as its managing director, was awarded the title for ‘’best government-issued securities placer’’ on the BEAC market. These achievements will lead the way for Mathieu Mandeng and the Standard Chartered Bank to be appointed, in 2015, by government to arrange (in collaboration with Société Générale) a FCFA 750 billion-worth Eurobond, which is the first in the history of Cameroon’s public finances.

Besides these accomplishments, the Standard Chartered Bank, during the recent years, has been an important fund supplier to Cameroon’s economy, mainly through the various credits it has provided companies. An example of such being the funding with the KDPC for the construction project of a Gas plant in Kribi, southern Cameroon.

BRM