Former BOV CEO Rick Hunkin has announced that he has retired after more than 42 years in the financial services industry.
He was CEO of Malta’s leading bank between January 2020 and November 2022 during a relatively challenging period for the country as it faced greylisting and and a global pandemic among other challenges. Mr Hunkin was succeeded as BOV CEO by Kenneth Farrugia.
“I am going to take a well-earned break and spend some time with my family,” Mr Hunkin stated. In over four decades of service in finance he “worked all over the world.”
Speaking of this, he thanked and acknowledged the “many great people who inspired, supported and encouraged [him] to drive forward” throughout his career.
In some cases, he even got to experience the pride of seeing them grow into highly-acclaimed professionals “and grow into the leaders of the future.”
“As to what’s next I have had many people tell me I won’t hang my boots up permanently,” he admitted, even though it is not something the former CEO is considering at this stage. Indeed he confirms that “for now quality time out is my only short term objective.”
Looking back on his career Mr Hunkin says that “[he] had no idea [he] would last this long or go this far” especially since he “did not even like banking in [his] early years.”
However, “a person often meets his destiny on the road he took to avoid it,” he concludes.
He takes over from Alejandro Gosttuski, who will now take on the role of an Advisor.
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Family businesses account for more than 70% of Malta’s SMEs, and are hence vital components of the local economy.