Martin Scicluna granted regulatory approval to take on APS Chairman position

Martin Scicluna has been granted regulatory approval from the Malta Financial Services Authority (MFSA) to take on the role of Chairman of the Board of Directors at APS Bank.

The bank’s shareholders nominated Mr Scicluna to succeed Frederick Mifsud Bonnici as Chairman last May, after the latter announced his intention to step down.

Mr Mifsud Bonnici will now cease to be Chairman of the Board and Director with effect from 1st September 2021.

“On behalf of the entire management body, we thank and salute Frederick Mifsud Bonnici who retires after four years as Chair and Director, during which the bank was able to benefit from his 50 years of senior experience in accounting, assurance, and financial services,” APS CEO Marcel Cassar said.

“As with any change of guard, we welcome Martin Scicluna who also brings with him a long, successful career in banking and financial services besides intimate knowledge of the Bank, having served as Director for the past eight years,” he continued.

Mr Scicluna has been a Non-Executive Director at APS since 2013 and has recently served as Chairman of the Risk Committee, member of the Audit Committee and of the ESG Committee, and Director of ReAPS Asset Management.

The newly appointed Chairman possesses a wealth of experience in the banking industry, having held senior roles at HSBC Group between 1996 and 2012.

Mr Scicluna currently holds board positions at several other companies.

These include Chairman at Accredited Insurance (Europe), Chairman at Zarattini International, and Independent Non-Executive Director and Investment Committee member at Merck Capital Asset Management and Thybo Malta.