Albert Frendo elected Non‐Executive Director of Tigne Mall plc

Following the company’s Annual General Meeting held last week, Tigne Mall plc has appointed its Board of Directors.

Receiving as many nominations as there were vacancies, the company has announced that Caroline Buhagiar Klass, David Demarco, Marzena Formosa, Albert Frendo and Joseph Zammit Tabona were automatically elected as Non‐Executive Directors.

While Ms Buhagiar Klass, Mr Demarco, Ms Formosa and Mr Zammit Tabona were re-elected to the Board, Mr Frendo has been newly appointed.

An accountant by profession, Mr Frendo currently holds the title of Chief Business Banking Officer at Bank of Valletta and is responsible for the business customers’ segment of the bank, with special focus on the stewardship of the credit function for Corporate and SMEs. 

His career at Bank of Valletta spans over 30 years, with wide ranging experience in cost management and financial reporting, risk management and credit finance. For 12 years, he headed the bank’s Risk Function and was later assigned with the management of the bank’s overall Credit Portfolio, responsible for a number of key credit areas including Corporate, SME, Consumer and Trade Finance, Collections and Collateral Management. He was entrusted to launch Risk Sharing Instruments in Malta aimed at SMEs including JEREMIE, CIP, SMEG, SME Initiative (JAIME) and SME Invest, and is also a member of the bank’s Executive Committee and a number of management committees.  

Mr Frendo has also been appointed as a member of the Tigne Mall’s Audit Committee, which is now composed of Mr Demarco as Chairperson, Mr Frendo and Ms Buhagiar Klass.