Erich Schumacher has stepped down from his role as Group Chief Operating Officer at FIMBank.
His resignation came into effect on 3rd September 2023 after having occupied the role for four months.
He was appointed to the role in late April 2024, with his position taking effect in May 2024. Prior to that, he served as a Non-Executive Director at the bank for two years.
The bank extended its appreciation and gratitude towards Mr Schumacher for his service to the bank.
FIMBank is a provider of trade finance, factoring and forfaiting solutions with a global presence in different financial and trading centres.
FIMBank Group was established in 1994 with the creation of First International Merchant Bank Ltd, whose operations commenced in 1995.
Later, in 2001, its shares were listed on the Malta Stock Exchange and officially changed its name to FIMBank plc.
The question is whether Malta’s resilience today could mask the need for faster transformation tomorrow.
Both appointments bring over 60 years of combined experience in law and banking.
He is expected to support greater engagement between Malta and other Commonwealth economies.
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