The Laferla Group announced the appointment of Stephen Thake as a Non-Executive Director on all its locally registered companies, following regulatory approval in January 2023.
Dr Thake has been involved with the Laferla brand since its inception, previously holding the post of Company Secretary since 1984.
He graduated as a lawyer in January 1982 and was admitted to the bar in March of the same year. He attended St. Aloysius college before university and is a founding partner of Thake Desira Advocates.
Dr Thake has represented the various companies in the Laferla Group in all legal and judicial matters for the past forty odd years, and has helped forge a policy of negotiated settlement and swift payment which has become the hallmark of Laferla Insurance Agency.
In his free time, he likes to keep active and enjoys snorkelling and running on a regular basis.
In a statement, Laferla Group said it is honoured to have Dr Thake on the board and looks forward to continuing to work closely with him as a director. “His contribution to the board will undoubtedly bring immense value to the organisation.”
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.