ReAPS Asset Management Ltd, a wholly owned subsidiary of APS Bank, has welcomed Malcolm St John as Non-Executive Director.
The company is the investment manager for all funds issued by APS Funds SICAV Plc. In 2012, the latter entity launched the firs retail Regular Income Ethical Fund, enabling investors to place their savings in a product that considers environmental, social, and governance issues as well as financial analysis.
This means that APS Funds SICAV will only invest in companies that benefit present and future generations, thus eliminating industrial sectors that ‘only cause harm to society’.
By taking up the position of Non-Executive Director, Mr St John is filling the seat vacated by Martin Scicluna, who took over Chairmanship of APS Bank last year.
“We welcome Mr St John to ReAPS, strengthening further the non-executive, independent compliment of our board presently made up of Elizabeth Carbonaro and Bilal Hafeez,” ReAPS Chair and APS Bank CEO Marcel Cassar said.
“I am confident that his experience and solid professional credentials will be of benefit to the APS Bank Group’s ambitions in this area of investment services,” he continued.
The newly-appointed Non-Executive Director is a Chartered Certified Accountant backed with a 22-year career in the financial services industry.
Mr St John’s past experiences have seen him work at HSBC Bank Malta and Apex Fund Services, wherein he has successively taken on more senior roles, such as Client Services Director and Head of Compliance and Internal Audit.
Since 2016, Malcolm was involved in the formation and leadership of Mainstream Fund Services (Malta) Limited as Country Manager, before moving on to other C-suite positions at System73 Limited and more recently to Roivios Limited.
He joins the iGaming firm after six years at Hero Gaming.
The announcement was made during the 2022 JCI World Congress held in Hong Kong.
She previously served as Commercial Director – All Markets at the iGaming firm.
He was named General Manager at the hotel earlier this year.