Alan Debono has been appointed Executive Director of SD Finance, the finance vehicle for the db Group of Companies.
An accountant by profession, Mr Debono also serves as Chief Procurement and Accounting Officer at db Group.
Founded by Silvio Debono, db Group has been undergoing a clear succession in control, with each of his four offspring taking up senior roles in the group’s corporate structure.
Robert Debono is Group CEO, while David Debono, a lawyer by profession, is Chief Legal Officer. Victoria Debono became Brands Manager, nurturing and expanding the group’s Maltese and global brand portfolio.
Alan Debono’s appointment as Executive Director of the group’s finance vehicle, through which it has €65 million in outstanding bonds, can be read as another move in the succession process.
The announcement of his appointment also noted the departure of Arthur Gauci from his role as Non-Executive Director of SD Finance.
Group CEO between 2008 and 2020, Mr Gauci was instrumental in the group’s expansion, overseeing the beginning of its major City Centre development on the site of the former Institute for Tourism Studies building, on the border of St Julian’s and Pembroke.
In a 2023 interview with MaltaCEOs.mt, Robert Debono described Mr Gauci as a “mentor”, saying it was “a privilege” to work closely with him.
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