Virtu Finance plc announced that Charles Borg has tendered his resignation from the company’s Board of Directors and Audit Committee.
Mr Borg has also resigned from the Board of Directors of Virtu Maritime Limited, guarantor of the company’s €25,000,000 3.75% unsecured bonds 2027.
The former Director’s resignation came into effect on 29th November.
Virtu Finance’s Board of Directors thanked Mr Borg for his service to the company and to the Virtu Maritime Group.
Currently, Mr Borg holds the roles of Chairman at IG Finance and 1923 Investments, Board Member at Trident Estates, and Director and CEO at PG Group.
Mr Borg is also a fellow of the Chartered Institute of Bankers (UK) and holds a banking degree and a Masters degree in financial legislation from the University of Malta.
William Spiteri Bailey stressed that Malta’s economy must transition away from a model rooted in labour expansion and over-construction.
The initiative is a €325 million Unsecured Euro Medium Term Bond (EMTN) Programme, officially launched by the bank.
An initial restriction for those under 13 could later be extended to older age groups.
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