CPHCL Finance plc has announced the appointment of two new non-Executive Directors to its Board as part of a board transition that sees two longstanding members conclude their terms.
Michel Cordina has been appointed in place of Frank Xerri de Caro, while Luca Vella replaces Alfred Camilleri.

Mr Cordina brings over 44 years of banking experience to the role. A banking professional and Associate of the Chartered Institute of Bankers (ACIB), he most recently served as Executive Director at HSBC Bank Malta, stepping down from that position at the end of 2024. His long-standing experience within Malta’s banking sector is expected to add significant financial and governance insight to the Board’s work.

Dr Vella is a founding partner of a local law firm and has more than 17 years’ experience specialising in capital markets, mergers and acquisitions, corporate law and governance.
He holds a Bachelor of Arts and Doctor of Laws from the University of Malta, as well as a Master’s degree in International Business Law from University College London. His background is closely aligned with the regulatory, legal and governance framework within which listed finance vehicles such as CPHCL Finance operate.
She brings nearly 25 years of aviation industry experience.
Deputy CEO of Lombard Bank Malta Gino Farrugia was appointed Deputy Chair.
Jonathan Cardona served in a number of key Government leadership positions.
The partnership was formally announced in November 2025.