Martin Scicluna has been granted regulatory approval from the Malta Financial Services Authority (MFSA) to take on the role of Chairman of the Board of Directors at APS Bank.

The bank’s shareholders nominated Mr Scicluna to succeed Frederick Mifsud Bonnici as Chairman last May, after the latter announced his intention to step down.

Mr Mifsud Bonnici will now cease to be Chairman of the Board and Director with effect from 1st September 2021.

Martin Scicluna / LinkedIn

“On behalf of the entire management body, we thank and salute Frederick Mifsud Bonnici who retires after four years as Chair and Director, during which the bank was able to benefit from his 50 years of senior experience in accounting, assurance, and financial services,” APS CEO Marcel Cassar said.

“As with any change of guard, we welcome Martin Scicluna who also brings with him a long, successful career in banking and financial services besides intimate knowledge of the Bank, having served as Director for the past eight years,” he continued.

Mr Scicluna has been a Non-Executive Director at APS since 2013 and has recently served as Chairman of the Risk Committee, member of the Audit Committee and of the ESG Committee, and Director of ReAPS Asset Management.

The newly appointed Chairman possesses a wealth of experience in the banking industry, having held senior roles at HSBC Group between 1996 and 2012.

Mr Scicluna currently holds board positions at several other companies.

These include Chairman at Accredited Insurance (Europe), Chairman at Zarattini International, and Independent Non-Executive Director and Investment Committee member at Merck Capital Asset Management and Thybo Malta.

Featured Image:

Martin Scicluna / LinkedIn

Related

Catherine Calleja

Youth involvement ‘fundamental to move towards sustainable development’ – Atlas Exec Director

23 July 2024
by Fabrizio Tabone

Catherine Calleja was speaking as Atlas Insurance and Friends of the Earth Malta organised an event to celebrate their ongoing ...

Friday’s IT outage caused 9,650 flight cancellations across the world’s largest airlines

23 July 2024
by Fabrizio Tabone

US carrier Delta Air Lines had 4,675 flights cancelled last weekend.

84% of Malta’s top CEOs say business lunches are essential, especially for networking

22 July 2024
by Fabrizio Tabone

Some say that even though they appreciate the benefits, they find it difficult to make time for them.

72% of leaders feel their businesses are not quick enough to tackle risks from global trends, survey finds

22 July 2024
by Fabrizio Tabone

Aon plc’s 2024 Business Decision Maker Survey includes insight from over 800 C-suite and business executives across North America, the ...

Close Bitnami banner
Bitnami