APS Bank

Joseph Rapa has been appointed Non-Executive Director at APS Bank plc. While the bank made the announcement on Friday, his new position will become effective from 1st January 2023.

This comes as Victor Gusman confirmed his intention to retire as Non-Executive Director at the end of the year after over 10 years at the bank. APS Bank thanked him for his “commitment and contribution” over the years and wished him well for the future.

Victor Gusman / APS Bank
Victor Gusman / APS Bank

Aside from his new position, Mr Rapa will also be sitting on the bank’s risk committee and conduct committee.

APS Bank Chairman Martin Scicluna expressed his pleasure at welcoming him to the bank’s board, adding that his appointment will “broaden and deepen expertise in risk management, internal controls and finance strategy”, and is “looking forward” to working with him.

Mr Rapa started his career in 1990 at the Economic Policy Department within the Ministry for Finance. In 2012, he was appointed Director General, where he was tasked with leading teams providing technical economic and financial analysis, including providing advice to the Ministry on macroeconomic management, fiscal policy, and macroprudential matters.

From March 2013 until May 2022, he served as Permanent Secretary at the Ministry for Health, and was particularly responsible for general management functions, such as human resources management, strategic management, financial budgeting, planning and management, as well as the exercise of internal control.

Mr Rapa is currently tasked with carrying out duties of oversight over the management of EU funds in Malta within the Ministry for the Economy, European Funds and Lands.

APS Bank is one of the oldest banks in the Maltese Islands providing personal, business, and investment solutions, with the aim to make the banking experience “simpler and more personal” through its “commitment to social, economic and environmental progress”.

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