Bank of Valletta (BOV) revealed that Kenneth Farrugia will be succeeding Rick Hunkin as CEO.
The appointment is subject to regulatory approval and will become effective upon receipt of regulatory approval.
As CEO, Mr Farrugia will also be sitting on BOV’s Board of Directors as an Executive Director.
Mr Farrugia joined BOV in October 1985 and has over his period of employment occupied various positions across the banking group.
He currently holds the post of Chief Retail Banking Officer and sits on the group’s Executive Committee and on a number of Executive Management Committees.
Mr Farrugia is a Harvard Business School Alumni and is responsible for the bank’s personal and micro-business customer segments, the corresponding suite of retail banking products, as well as the respective service channels.
Mr Farrugia chairs the Board of Directors of BOV Fund Services Limited and is a Director on the Board of Directors of BOV Asset Management Limited and the Vilhena Funds SICAV p.l.c.
He is also a Member of the Board of Governors of FinanceMalta, and until recently was Director and Chairman of Malita Investments plc.
Mr Farrugia is in the process of relinquishing all external commitments by end of September 2022.
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