Subject: Leadership Announcement - Appointment of Varounen Goinden as new Chief Operating Officer

Dear Friend,


We are pleased to announce a significant development in our leadership team. We are pleased to inform you that Varounen Goinden has been appointed as Chief Operating Officer of Intercontinental Trust Ltd (ITL), effective 1st January 2025. This strategic appointment underscores our commitment to operational excellence and client-focused innovation as we celebrate our 25th year anniversary.

Varounen brings exceptional strengths to this role with his extensive experience in managing global regulated entities across Mauritius, India, and Africa, his deep expertise in fund administration and private equity and strategic leadership capabilities.


As we are grateful to Tommy Lo who has been instrumental in our growth journey and will continue to serve as Director, we are confident that under Varounen's leadership, we will continue to strengthen our position as your trusted partner.


We remain committed to providing you with the highest level of service and support.

Varounen: "I am excited to take on this role and look forward to working closely with you. My vision is to further enhance our service delivery through technological innovation and operational excellence. Having served on ITL's Board since April 2023, I am deeply committed to ensuring we not only meet but exceed your expectations. I welcome the opportunity to personally connect with you in the coming months to understand how we can better serve your business objectives."


ITL extends its congratulations to Varounen and wishes him the very best in his new role.


Kind Regards,


Ben Lim

Chief Executive Officer

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