Glen A. Smith has joined BNF Bank as Chief Risk Officer, the bank announced on Monday. The appointment will come into effect from 1st August 2023, and is subject to regulatory approval by the Malta Financial Services Authority.
In doing so, he replaces Maruska Buttigieg Gili, who handed in her resignation from the role last October, putting an end to a 15-year career at the bank. She remained in office up till the end of 2022, during which time BNF Bank had already started a process to identify a suitable replacement “within the shortest time possible”.
Mr Smith is an experienced financial services professional with over 30 years of experience in financial services and banking, primarily specialising in risk and regulation.
Over the course of his career, he has occupied various senior management roles across international financial markets in both retail and commercial banking.
Prior to his new role at BNF Bank, he held the role of Senior Risk Manager at HSBC Continental Europe, based in the Paris Head Office. His responsibilities included the management and oversight of wholesale credit risk activities, reporting, regulatory risk and controls, covering France, Germany, Malta, and other territories.
With 12 branches spread across Malta and Gozo, BNF Bank has grown to become a key player in Malta’s financial services industry, offering a wide portfolio of products for both personal and business clients.
He takes over from Alejandro Gosttuski, who will now take on the role of an Advisor.
The company, set to launch soon, will seek to provide clients with ‘customer-centric and innovative’ financial services.
The Malta Stock Exchange recently joined other exchanges for the inaugural Ring the Bell for Climate initiative.
Family businesses account for more than 70% of Malta’s SMEs, and are hence vital components of the local economy.