President Danny Faure has appointed Daniel Gappy as the new chief executive of the Development Bank of Seychelles (DBS).

He replaces Annie Vidot, who has held the post over the last four years.

Ms Vidot has also been appointed the chief executive of the Seychelles Commercial Bank (SCB), replacing Syed Naqi, who will hold the post of Financial Advisor to the chief executive.

The appointments take effect as of February 1, 2017.