Paul V. Azzopardi has succeeded Rene Saliba as CEO of the Malta Development Bank (MDB) following the latter’s retirement.

The MDB is spurred forward by its mission of contributing towards sustainable economic development that benefits the Maltese people in line with public policy objectives.

It does so by promoting inclusive and environmentally sustainable economic growth, supporting infrastructure development, and linking entrepreneurship, investment, and economic growth to improved living conditions, a higher quality of life, and better social inclusion.

The newly appointed Chief has been involved with MDB since its inception and was part of the 2016 Working Group mandated to prepare the recommendations for the setting up of the bank and the related legislative and operational framework.

Early on in 2020, Mr Azzopardi was appointed as MDB’s first Deputy CEO.

He has trained and worked as a Certified Public Accountant and later obtained an MBA from the University of British Columbia in Vancouver, Canada, specialising in finance and investments. He is also a Fellow of the Malta Institute of Accountants.

During his career, Paul worked at the Malta Development Corporation, and later as a Financial Adviser, Stockbroker, and as a Portfolio Manager of private client accounts and investment funds both in Malta and in Canada.

For a number of years, he lectured at the University of Malta and the University of Toronto, School of Continuing Studies. Subsequently, between 2016 and 2020, Paul served as Director on the Board of Directors of Bank of Valletta plc, BOV Asset Management Ltd., and BOV Funds Services Ltd., in which roles he chaired various board committees.

MDB’s Board of Directors extended its appreciation to the retiring CEO for his sterling work and leadership since the bank’s inception and for his drive throughout the past years.

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