Svetlana Maslova granted regulatory approval as new HSBC Bank Malta Chief Operating Officer

HSBC Bank Malta plc on Thursday announced that Svetlana Maslova’s appointment to Chief Operating Officer has been granted regulatory approval.

Her appointment was first announced in March, and will become effective from the start of July 2023.

In doing so, she will replace Elizabeth Hardy, whose three-year secondment to the position will end this month.

Ms Hardy has been part of HSBC Group since 1982, having previously served as Chief Operating Officer at HSBC France Milan branch, and also at the group’s operations in Russia and in Kazakhstan.

The appointment came just over a month after Geoffrey Fichte was announced as HSBC Bank Malta’s new CEO, replacing Simon Vaughan Johnson, who relinquished his post due to retirement in April.

Ms Maslova joins following 15 years at HSBC Group, during which time she has worked in a number of its entities across Europe and Asia. She has held a number of key roles in the group’s retail and wealth management and digital business services, including Head of Group Wealth Business and Performance Management in Hong Kong, and most recently, Head of DAO Change Delivery in Poland.

She has previously worked in Malta, having served in various roles at HSBC Group’s local operations for eight years, including as Customer Due Diligence and Anti-Money Laundering Manager for more than a year.

Ms Maslova holds a bachelor’s degree in Philology and English Language from Udmurt State University, and also has certificates for Financial Advice and Management Accounting. She is also an accredited career coach through HSBC.

HSBC has been operating in Malta since 1999, providing a range of financial services including retail banking and wealth management, commercial banking and global banking and markets. It is also active in the areas of life assurance and fund management.