John Bonello - HSBC

John Bonello, Chairman at HSBC Bank Malta plc, has announced his intention to step down from his position after sitting on the bank’s Board of Directors for 11 years.

The decision was announced during the bank’s Annual General Meeting (AGM) held earlier on Thursday (today), where a number of resolutions were approved.

Mr Bonello, stated that decision comes as he has served on the Board of Directors for so many years, and also to be “in line with international best practice.”

He will step down from the position once the majority shareholder of the bank appoints another Director to take on the role, following receipt of regulatory approval.

Mr Bonello, a chartered accountant and certified public accountant, first joined HSBC Bank Malta’s Board of Directors in 2013, when he was named Non-Executive Director. In 2019, he was appointed Chairman following the departure of Sonny Portelli, who himself had served at the bank for 12 years.

Prior to his time at HSBC Bank Malta, Mr Bonello had served as Chairman and Senior Partner at PwC Malta, retiring from this post in December 2009.

During the AGM, HSBC Bank Malta’s shareholders approved all of the ordinary and extraordinary resolutions, including the approval of a final gross dividend of €0.09 per share, representing a final gross payment of €32.4 million, as was recommended by the Board of Directors in the Annual Report last February.

Given that Mr Bonello will remain Chairman at HSBC Bank Malta for the time being, the Board of Directors of the bank is now made up of Mr Bonello as Chairman, CEO Geoffrey Fichte and Michel Cordina as Executive Directors, together with Ingrid Azzopardi, Alexiei Dingli, Manfred Galdes, Maria Micallef, Malcolm Miller, and Terecina Kwong as Non-Executive Directors.

Featured Image:

Outgoing HSBC Bank Malta Chairman John Bonello / HSBC Bank Malta


Charles Xuereb / Trident Estates Annual Report

Firms not offering flexibility find it difficult to recruit and retain employees, says Trident Estates CEO

30 May 2024
by Fabrizio Tabone

Charles Xuereb notes that the office environment has an impact on corporate culture and lifestyles tenants want to promote.

‘Technology is changing at a rapid pace, so staying at the forefront means we need to adapt’ – BMIT CEO

30 May 2024
by Helena Grech

As the leading local technology company shares its financial results for 2023, CEO Christian Sammut attests that forward-looking plans for ...

Medserv and Regis ‘have forged a powerful alliance,’ says CEO

30 May 2024
by Robert Fenech

The company is celebrating 50 years from the founding of Medserv

‘Past year was predominantly marked by growing competitive pressures,’ says Farsons CEO

30 May 2024
by Fabrizio Tabone

During the financial year ended 31st January 2024, Farsons Group’s pre-tax profit rose by 4.9% to €16.1 million.

Close Bitnami banner