Multitude Bank appoints Goutam Challagalla Independent Non-Executive Director

Malta-listed Multitude Bank plc has received regulatory approval for the appointment of Goutam Challagalla as an Independent Non-Executive Director and Member of its Remuneration and Nomination Committee.

The bank confirmed that the regulatory approval was formally communicated yesterday 8th October 2025, completing the necessary formalities for Prof. Challagalla’s role as an Independent Non-Executive Director.

He is currently a Professor of Strategy and Marketing at IMD Business School in Switzerland. Prof. Challagalla previously spent over 20 years at Georgia Tech in Atlanta, including serving as Associate Dean for Executive Education.

He has also worked as a strategy consultant with The Monitor Group, advising multinational corporations on corporate strategy, digital transformation, value-based pricing and leadership development.

Until recently, Mr Challagalla served on the Board of Multitude AG and as a member of its People and Culture Committee. He stepped down from this role on 1st February 2025 in anticipation of his nomination at Multitude Bank, to avoid any potential conflicts of interest.

Multitude Bank plc is a subsidiary of Multitude AG, the international financial group formerly known as Ferratum. The group rebranded under the Multitude name in 2022 as part of a wider restructuring.

Main Image: Goutam Challagalla / IMD