Exalco Finance has announced that Kevin Valenzia has resigned from the office of Director with effect from 14th July 2022.
Mr Valenzia has also relinquished his roles of Audit Committee Member and Legal and Judicial Representative of the Company, with effect from the same day.
Exalco Finance thanked Mr Valenzia ‘for his service and contribution to the company over the years.’
A subsidiary of Exalco Holdings Limited, Exalco Finance was incorporated on 17th July 2018 to act as the Issuer for the purposes of the Bond.
Exalco Properties Limited – i.e. Exalco Holdings’ second subsidiary – acquires and develops high-quality business centres and leases office and retail spaces to third parties.
Formerly known as Exalco Group Limited, said company owns six large business centres in prime locations across Malta. These include the Phoenix Business Centre in Santa Venera, the Cornerstone Business Centre in Mosta, and the Mayfair Business Centre in St Julian’s.
Mr Valenzia is a Chartered Accountant and former Partner and Managing Partner at PwC Malta. He left said company on 31st December 2017 following his retirement.
His past roles also include President of the Institute of Financial Services Practitioners, Chairman of the Financial Services Consultative Council, and Governor of Finance Malta.
Mr Valenzia has also been used by successive governments for advice on the continued development of Malta’s financial services sector.
This comes after Martin Saliba’s term ended after three years at the helm.
He first joined the organisation in 2015 as Head of Business Development
He leaves Esports Entertainment Group after a year as Vice President of Information Security.
Co-Founder Jörgen Nordlund will take over the position on an interim basis until a replacement is found.