The Laferla Group announced the appointment of Stephen Thake as a Non-Executive Director on all its locally registered companies, following regulatory approval in January 2023.
Dr Thake has been involved with the Laferla brand since its inception, previously holding the post of Company Secretary since 1984.
He graduated as a lawyer in January 1982 and was admitted to the bar in March of the same year. He attended St. Aloysius college before university and is a founding partner of Thake Desira Advocates.
Dr Thake has represented the various companies in the Laferla Group in all legal and judicial matters for the past forty odd years, and has helped forge a policy of negotiated settlement and swift payment which has become the hallmark of Laferla Insurance Agency.
In his free time, he likes to keep active and enjoys snorkelling and running on a regular basis.
In a statement, Laferla Group said it is honoured to have Dr Thake on the board and looks forward to continuing to work closely with him as a director. “His contribution to the board will undoubtedly bring immense value to the organisation.”
The firm describes centi-millionaires as individuals with liquid investable assets of USD 100 million or more.
Revenues increased even though no new taxes were introduced
This strategy includes regular training sessions, workshops, access to skill-enhancing educational materials and a four-day summer work week.
In its review, the MFSA noted a growing range of green products being introduced to meet market demand.