Cressida Galea has been appointed company secretary of MeDirect Bank and its parent company MDB Group Ltd.
Ms Galea succeeds Henry Schmeltzer, who occupied the role along with his position as Director of Commercial Strategy and Head of Legal.
She has been working at MeDirect since 2018, having joined from Bank of Valletta.
She initially formed part of the Regulatory Risk function where she was responsible for supporting the bank in its regulatory engagement, horizon scanning of legislative and supervisory obligations and regulatory change management.
In 2024, she was appointed Head of Regulatory Affairs and Sustainability, where she was tasked with leading the implementation of the bank’s ESG strategy, ESG reporting and stakeholder engagement initiatives.
Ms Galea is also a Labour MP, having been elected to Parliament in 2022. She is also a member of the Malta Social Assistance Board and the Malta Vision 2050 Steering Committee.
The company has recently raised $7 million in seed funding.
His words come at a time where the industry is facing rising costs and tax concerns.
It aims to advance sustainable tourism research.
The Chairman acknowledged the positive performance achieved in 2025 but stressed that growth must be balanced with preservation.