Mario Debono has been appointed Chief Officer Internal Audit at MAPFRE Middlesea with effect from 12th September.
His appointment, which is subject to regulatory approval, comes after an intense recruitment process following the resignation of Franco Borg from the same position last May.
Mr Debono’s background in banking spans over two decades, having previously been employed by Bank of Valletta (BOV) for 22 years.
The new Chief Officer Internal Audit is a Certified Public Accountant with years of experience in auditing. During his time at BOV, he was mainly in charge of leading a team of audit professionals.
In his new role, Mr Debono will be reporting to the company’s audit committee.
MAPFRE Middlesea, a subsidiary of Spanish firm MAPFRE, was established in 1981 as the first insurance company conducting general business in Malta.
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.