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.

Martin Scicluna / LinkedIn

“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.

Featured Image:

Martin Scicluna / LinkedIn

Related

Anton Buttigieg

TradeMalta CEO appointed Vice President of the Board at Trade Promotion Europe

7 December 2022
by Bernice Camilleri

Trade Promotion Europe is a non-profit association of national and regional trade and agri-food promotion organisations.

‘As leaders we need to understand how to change our relationship with change and uncertainty’

6 December 2022
by Bernice Camilleri

Pierre Mallia lists five 'laws' which help him stay calm and focused even when he feels a storm looming on ...

5 tips to party like a ‘proper’ boss this festive season

6 December 2022
by Bernice Camilleri

Should the boss attend the office party? The simple answer is yes, however there are ways and means to go ...

‘ITS will become a centre of excellence and innovation in tourism and hospitality’ – CEO

6 December 2022
by Bernice Camilleri

This year the institute recorded the highest number of graduates since it was founded 35 years ago.

Close Bitnami banner
Bitnami